The NEO price is currently $ 24.44 with a 24-hour trading volume of $ 953.35M across 67 exchanges. The NEO price is down -2.56% in the last 24 hours. The NEO price prediction sentiment is currently bullish. NEO reached its highest price on January 15, 2018, when it was trading at its all-time high of $ 195.95. It has a circulating supply of 70.54M NEO with a total supply of 100.00M NEO. The best exchange for trading NEO is Binance.

The NEO blockchain project was founded in 2014 under the name AntShares, but it was rebranded in 2017. Its mainnet was launched in October of 2016 and the NEO team raised funding for development through an initial coin offering (ICO). The NEO project has its origins in China and aims to build a blockchain that’s not only suitable for use by everyday people, but businesses and governments as well.

Key NEO features:

Mainnet launched in 2016 under the name AntShares

Supports smart contracts and decentralized applications

Uses a dual-token structure with NEO and GAS

NEO is a decentralized platform that enables users to launch smart contracts and DApps. Holders of the NEO token periodically receive GAS – the more NEO they hold, the more GAS is awarded. GAS is necessary for deploying and running smart contracts on the NEO blockchain.

Both NEO and GAS have a maximum supply of 100 million coins. While the maximum supply of NEO was already created at launch, GAS has not reached its supply cap and is created with every block produced on the NEO blockchain.

A unique feature of the NEO coin is that it cannot be sub-divided into smaller units. GAS, on the other hand, is divisible.

The NEO blockchain achieves consensus through a dBFT (delegated byzantine fault tolerant) algorithm. There is no mining or staking in NEO, and the consensus process is handled by consensus nodes. As of January 2020, there are only 7 approved consensus nodes, although the NEO project is pushing towards further decentralization.

Users can deploy their own custom digital assets that function on the NEO blockchain. For this reason, there have been a number of ICO projects that opted to conduct their token sales on NEO. The most common standard for issuing custom tokens on NEO is called NEP-5.

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