Neo (NEO)
Rank #143
Market snapshot
- Price
- $2.20
- Market cap
- $154.8M
- 24h volume
- $6.3M
- Circulating supply
- 70,538,831
- Total supply
- 100,000,000
- Max supply
- N/A
What is Neo?
Neo (NEO) is a cryptocurrency that aims to create a smart economy by integrating digital assets, digital identity, and smart contracts. It operates on a blockchain platform that allows developers to build decentralized applications (dApps) and provides the necessary infrastructure for these applications to function effectively.
How Neo works
After four years of stable MainNet operation, Neo is undergoing its biggest evolution as it migrates to N3, the most powerful and feature-rich version of the Neo blockchain to date. Native functionality provides all the infrastructure needed to build complete decentralized applications, while advanced interoperability allows users to harness the power of the global blockchain ecosystem. N3 introduces the ability for NEO holders to vote in council members and consensus nodes that maintain the liveliness of the Neo network and adjust critical blockchain parameters.
Key information
- Symbol
- NEO
- CMC rank
- #143
- Network / platforms
- N/A
- Categories
- N/A
- Date added
- Sep 8, 2016
Key characteristics
Neo is open-source, allowing anyone to participate in its development. NEO token holders are the owners of the network and can participate in governance. The platform supports the development of smart contracts and dApps, contributing to its functionality as a decentralized platform.
Documented uses
NEO holders also receive passive distribution of the network utility token, GAS - No staking required. GAS is used to pay for network fees, smart contract deployments, and in dApp purchases.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Neo (NEO)?
- Neo (NEO) is a cryptocurrency that operates on a decentralized platform designed to facilitate the development of digital assets and smart contracts.
- How does Neo work?
- Neo operates on a blockchain platform that enables the creation of decentralized applications (dApps) and supports smart contracts.
- What are the risks associated with transferring Neo?
- Digital asset prices can be volatile. Users should verify asset and network before transferring assets and ensure secure handling of private keys.
- How can I verify my Neo acquisition?
- Verify the asset name, network, and destination details before transferring. Ensure the destination address and network are correct.
- Where can I find official resources for Neo?
- Official resources for Neo can be found on their website at https://neo.org/.
- What are the technical characteristics of Neo?
- Neo is open-source, allowing participation in its development and governance by NEO token holders.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
