Neo Name Service

When I first started to look into the crypto world last summer, it took me around 2 months to understand what types of wallet exist (exchange,online, desktop,mobile,paper,cold…) why I need one per platforms, what is a private key and a public key etc. I also learned that I need to be very careful when I use them some virus can change the public key when you copy/paste them, some exchange are hacked on a regular basis.

So when saw for the first time the Neo Name Service project. I was like “oh my god, we will be able to get rid of these ugly wallet address”. That’s right NNS will let you bid on a wallet name/alias finishing with the .neo extension and it will replace your public key. You will be able register “your-name.neo” for your main Neo wallet. Then, it will be easy for you to share it with your friends to receive payment, to secure your transactions when you move tokens etc.

.neo alias will work for wallet address but also for any resources in the Neo blockchain like transactions, contracts etc…

How will it work ?

People will be able to bid on a domain name with SGAS (a NEP5-based token bound with NEO’s GAS at the ratio of 1:1) in the domain name browser. SGAS is also used in Cryptogladiator’s game.

If the user wins the bid, he will obtains the domain name ownership, then he will be charged all the bid fund as the fee.

For users who participate in the auction, but lose the bid, 10% of the bid is charged as a fee.

All fee income will be transferred to bonus pools. In the bonus pools, all NNC holders can receive SGAS in proportion to their NNC holdings.

With the domain ownership, the winner will able to map the domain name with his/her wallet. easy :)

What is already done ?

6 months of development : contracts, dividends, web client, API

Domain registrations and auctions tests with “.test” and “.neo” on the Testnet

Airdrop for tester and for Neo holders

What to expect next ?

End of August / September, NNS will deploy contracts on Mainnet and open up alias with more than 5 characters ending with “.neo” they also will release their domain name browser.

Within 1–2 weeks after the Mainnet launch. They will conduct domain mining to encourage users to register .neo domain names. GAS spend on auction will be refunded in NNC tokens.

There will be a migration to ONTology as smart contract are compatible with the Neo’s one in the 4th quarter. The new token will be airdropped to NCC holders and ONT community.

Domain transactions and rent with a .neo domains exchange will come during the 1st semester of 2019.

How to join the NNS community ?

NNS organize a Telegram sticker contest from Aug. 24th — Sept. 6th with more than 9000 NNC in prize pool.

And with the following links:

Website: https://neons.name/index_En.html

Whitepaper: http://doc.neons.name/en/latest/

GitHub: https://github.com/NewEconoLab/neo-ns

Medium: https://medium.com/neweconolab and https://medium.com/@WangRobbie

Twitter: https://twitter.com/NeoNameService

Telegram: https://t.me/joinchat/IESfVEkjE8iSVKfBnaOhTQ