I was posting with a fellow Steemian today who bought NEO but had some misconceptions about it. We got into posting back and forth and I shared what I know about it. I assumed everyone in crypto knew about NEO but I was wrong. So I thought I would put a post together on what is my absolute favorite holding.
NEO is often referred to as the Chinese Ethereum. China is a somewhat closed society when it comes to business and communication. For example, there is no Facebook in China.
China and NEO have had an ongoing relationship of cooperation. A few months ago, China placed a temporary ban on all ICO's. Prior to the ban, NEO founder Da Hongfei stated that “Before they started cleaning up the market, I was asked for information and suggestions.” Da also strongly supported the governments regulations on the ICO market, stating that a “vast majority of ICO projects… were fakes and fraud.”
This relationship was made even stronger when China lifted the ICO ban. The new regulation was that all ICO’s in China must go through NEO.
They currently have a total of 22 dApps either live on or scheduled for their platform. A shout out to @pandorasbox for breaking that news to steemians! I believe 2 are live and 20 are in the pipeline. Yes, there will be more to come.
NEO allows well known programming languages to be used so programmers do not have to learn a new language. This means that dApps will get developed much quicker without having to learn a new programming language. NEO currently allows C#, VB.Net, F#, Java, and Kotlin. They have plans to allow C, C++, Golang, Python and JavaScript.
There has been speculation that NEO and Microsoft have a partnership. I cannot confirm this but there have been many press releases to show they have some collaboration together.
But wait there’s more…
While you wait for your investment in NEO to appreciate, you can receive GAS as a dividend which will go up or down with the value with NEO. Some exchanges may allow you to accumulate the GAS. Other exchanges do not. You can always earn GAS if your NEO is in your wallet. These are available on the NEO website.
Good luck and good fortune to all!
Disclaimer: This is not a recommendation to buy or sell NEO or GAS.
NEO is my biggest holding. It is the best dividend paying crypto, as it has a high return rate and you can earn with any amount of NEO. It also has such a bright future ahead.. So much happening in the space.
Today I took the opportunity and bought some GAS. Although I have been generating my own with my NEO for many months, I still only had a little and felt I needed to get some while it is still relatively low
Yes, I think NEO is one of the best coins out there in regards to it's future. Great idea buying GAS as well. I need to do the same before it starts moving up.
Cheer$
P.S. Nice move buying Ethereum before it exploded upwards! You have to be happy about that :) I should have followed your lead.
Nawh, buying into Ethereum has been a bad decision for me! I expected much more price action, but have lost significantly against Bitcoin. I got into ETH too early, odd as that may sound. Still hoping for Ethereum to jump to $600 so I can switch back to Bitcoin though (still with some btc loss)
Oh? Sorry to hear that. I must have thought you picked it up at a lower price and were sittin pretty on that trade. Yes, $600 would be great! It'l get there.
Oh My Gosh! Bitcoin is insane! I'm really stunned at how high it's gotten and how quickly it has done it. In comparison, bitcoins profits are dwarfing everything else's. I only have a small amount. I messed up and didn't buy more when I had the chance a month ago.
I did pick them up at cheap prices, $5 or so at the time! But back then the satoshi value was around 250K satoshis for $5.
Now Bitcoin has risen so much that even though I made massive profits on NEO (7x), Bitcoin still outperformed it.
But even Ethereum is pre-boom prices in satoshis. I think we're going to see all alts go to a second coming, I still believe in that
Yes, we have a long way to go with alts and some will be huge. It will be interesting to see what happens with bitcoin in the coming months.
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This and the dApps are my favorite parts. Great post! Thanks!
Thanks for the reply! Yes, the GAS is a great bonus. And there will be a lot more dApps down the road as well. A lot to look forward to with NEO!
I agree and I'm extremely excited to watch its future unfold! 🤩