Antshares is a decentralized and distributed network protocol which is based on blockchain technology. People can use it to digitalize assets or shares, and accomplish some financial business through peer-to-peer network such as registration and issuing, make transactions, settlement and payment.
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The Rebrand
On June 22nd, it was announced that Antshares would rebrand to Neo, in hopes of showing the cryptocurrency world that it's not only the name that is changing, but also the blockchain platform itself. Neo, meaning newness, novelty and youth in Greek, aims to create the image of a new era of blockchain technology in hopes to carve a path for the future. Since the announcement, Antshares saw higher lows that showed a steady increase in price.
Impacts to the Market
As July came to a close, CryptoNinjas reported that on August 8th, Antshares will officially change to Neo. This news echoed across social media as well as the market exchanges, changing the ANS coin symbol to NEO. In addition to the name change, NEO "will be upgrade all consensus nodes to NEO 2.0".
NEO has upgraded its blockchain nodes, technical documents, social media, official site and exchange name worldwide, representing the transition from Antshares 1.0 to the NEO smart contract system 2.0.
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Following the report of the release date for the new upgrade, Antshares saw exponential growth on the markets and is currently sitting at number 10 on CoinMarketCap.
NEO is currently trading at $28 a coin and the hype is not stopping! This price hike has been exponentially increasing in the past few days.
THE FUN ISN'T OVER YET
Neo_Council on Reddit reports that NEO will begin an international journey to explore blockchain technologies and learn of the worlds innovation in the field. Starting with Japan on 8/8 - 8/11, NEO core team will be speaking with the most respected blockchain enthusiasts and most famous local blockchain research centers to gain insight on the latest developments.
Live Stream on YouTube
The NEO core team will share with the NEO community enthusiasts in real time via livestream some of the interesting stories and experience.
The live stream will be available on the NEO YouTube Channel. Don't miss out!!
Presenters: NEO founders: Da Hongfei, Erik Zhang
- NEO introduction
- NEO smart contract
- NEO development roadmap
- Q&A and social networking
I truly believe this presentation will further cause the price of NEO to increase. There are no limits with this coin right now so HODL!!
Learn More About NEO
- Official NEO Website: https://neo.org/
- NEO Whitepaper: https://github.com/neo-project/docs/blob/master/en-us/index.md
Cheers,
@brianjuice
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Obviously the new ETH
Yeah, it definitely is. It's going to the moon!
This coin is way better than ETH... First because NEO blockchain allows every language and ETH only allows Solidity and secondly and most important, chinese people support their products over foreign products (just think if WhatsApp, Twitter, Facebook... succedeed at China)
I agree with you, China will drive NEO to the moon. So much opportunity to come and this is just the beginning.
Well @brianjuice , @cryptogeyser is it too late to catch the train and buy some ?
I don't think it's too late. Just wait for a good opening. Just a few hours ago it dropped to $32, which was good for how NEO has been looking in the past day. There's so much volume in this coin right now that it can fluctuate a lot.
so true. It's like when ether was just 20 USD and I was reluctant to buy because it was getting high. I did, and I am thanking myself. I feel the same way about this one too!
Yeah I always feel that way. I hate buying at the highs, but some coins keep going. If there's a ton of volume then that's always a good sign.
Yes I agree. Usually everyone says to buy low (and I also agree with that) but with NEO is different. We must imagine NEO next month for example. Next month 40$ will be a low price and if we think in the long term this price is ridiculously low.
@mclodgen if you want to enter this coin and hold it like 6 months or one year, the price no matter. If you have free time just search a red candle and enter.
I sold my antshares lol what a bonehead..is it too late to get some neo and make a profit?
I think if you are going to hold long term, then yes you'll see profits. It's never too late, just don't be surprised if it corrects a bit. Long term hold looks good though.
@brianjuice got you a $1.81 @minnowbooster upgoat, nice! (Image: pixabay.com)
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My friend, a kind reminder here.
#cn tag is stand for chinese.
However, no chinese was detected in this article.
Please use wisely for your tag,thank you.
NEO is a China based cryptocurrency. I'm sure it's relevant to #cn tag.
Why must china base crypto? Is it centralized, if it is centralized wouldn't be very easy for pboc to ban it?
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STOPInteresting article. Thanks for bringing this to our attention. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins. We really need more insights in the market and previous investment results. Besides coinmarketcap.com there is: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. On: https://www.coincheckup.com/coins/Neo#analysis To see the: Neo Detailed analysis