We chose to create our own token on the NEO blockchain because it provides everything we require for the Conjure ecosystem. It also gives us the freedom and flexibility we need to develop Conjure and its features. NEO has a wonderful array of features that make it a great option for almost any project. For Conjure, it’s an ideal match for a many reasons. NEO is a non-profit, community-based blockchain project that utilizes blockchain technology and digital identity to:

• Digitize assets

• Automate the management of digital assets using smart contracts

• Realize a “smart economy” with a distributed network.

In combining digital assets, digital identity, and smart contracts, NEO plans to build a secure blockchain that is recognized by enterprises and governments, which is core to Conjure’s guiding premises and a perfect fit for the assortment of monetization options we plan to implement within the Conjure platform. NEO is the first platform to offer a set of features focused on enabling a regulatory compliant smart economy.

NEO is different from other blockchain smart contract competitors, as it provides the following features:

•Aims for Regulatory Compliance - For large companies and governments to operate on the blockchain, these institutions will require the ability to audit digital assets and transactions. Digital identities will need to be known and verifiable. NEO is committed to making use of the Public Key Infrastructure (PKI) X.509 standard for identity, which means that NEO will have the ability to issue and confirm digital identities. NEO is building this digital identity mechanism into their ecosystem. Content creators need a platform that is dependable, they shouldn’t feel vulnerable to outside forces like regulations or the legal landscape.

•Utilizes a Superior Consensus Mechanism - NEO uses an improvement to the Proof of Work (e.g. Bitcoin) and Proof of Stake (e.g. NXT) consensus mechanisms, entitled Delegated Byzantine Fault Tolerance (dBFT). The dBFT is a modification of the Proof of Stake protocol, in which holders of NEO tokens vote for delegates, and the delegates must reach a consensus on acceptable transactions.

•Processes Transactions Faster - NEO’s use of dBFT means that its architecture does not require thousands of machines mining to complete a resource-expensive algorithm to verify transactions. NEO’s consensus mechanism enables the blockchain to process in excess of 10,000 transactions a second without transaction costs.

Regulatory compliance, consensus mechanism, and the speed at which transactions can be made, are three attributes that make NEO the ideal platform for a secure wallet utility token. These features are in alignment with Conjure’s mission to ensure that consumers are transacting business on the blockchain in the most secure and efficient way possible.

The NEO community is strong. There’s a high level of engagement and enthusiasm that you just don’t see with other blockchains. Many of the DApps being developed on the NEO blockchain are unique ideas, and the community itself is quick to provide constructive feedback. NEO also supports a variety of common programming languages, so there’s plenty of capable developers to work with.

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