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Formerly known as ‘AntShares’, NEO was founded in 2014 and open to the public via GitHub a year later. It’s striving to create a smarter economy through digitizing assets, identities, and smart contracts. Through the public non-profit program, assets can be automatically overseen. Popularized as a competitor to ETH through nickname ‘China’s Ethereum’ offering the first blockchain opportunities for the country. The NEO token serves as the currency for the function of the NEO technology platform. There are 100 million existing coins yet only half are in circulation. The other half is controlled by a governing NEO council as a backup for O&O and long-term maintenance. This crypto investment uses lattice-based cryptography and SVP’s which cannot even be decoded by quantum technology. Doesn’t define itself as a cryptocurrency, rather as a traditional security that uses GAS to operate its platform and a fiat coin for purchasing for GAS, enabling the creation of smart contracts. The team believes that ‘money needs to be a “stable store of value”’. What is blockchain? Good question. Check out CryptoScores “Crypto Academy” tab for blockchain info.
Beta Coeffecient 0.996
Coin Circulation Limit 100 million