Funding
- Tokens for Sale n/a
- Softcap n/a
- Hardcap n/a
The price of NEO during the token sale was $?0.20 per NEO. The NEO token sale started on Aug 8, 2016, and lasted until Sep 9, 2016. Compared to its initial token sale price, NEO is currently showing an ROI of
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:
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.
On CoinCodex, you can stay up to date with the latest information regarding the NEO price, market cap and news.
Keep track of your holdings and explore over 37,000 cryptocurrencies