Neo Reviews

About NEO

Bitcoin has changed our view on investments as a symbol of decentralization. Since its first appearance on the stage of the digital world, it gave a belief that another world is possible without heavy regulations and limitations. However supporting anonymity resurrects multiple conservative enemies against cryptocurrencies, today there are hundreds of altcoins and tokens in the market besides Bitcoin.
NEO is an open-source blockchain decentralized application platform developed by Onchain, a prestigious company based-on Shanghai. It has started its life as "Antshares" and recently took another brand name as NEO. Its name refers to the ancient Greek prefix, ''νεο-'', meaning new, young and modern.
NEO is mostly known as "China's Ethereum". Because, as pillar principle they both operate by supporting DApps, smart contracts and ICOs. While similar to Ethereum in some ways, NEO can easily be encoded in multiple languages ​​including JAVA, C/C #, Python, Kotlin and GO which enables developers to easily contribute to its platform. However in order to do this, you must utilize its own Solidity language.
How does NEO work? We can clearly say that a NEO token similar is the currency used by applications in the network and it has a rewarding system named "GAS". NEO owners earn these rewards as GAS and GAS (former ANC-Antcoins) can also be purchased separately. NEO is generally defined as the combination of digital identity, digital assets and smart contracts, so-called a smart economy. NEO white paper claims to convert all traditional assets into digital ones. Thus, subject assets become decentralised by a smart contract. Smart contracts create truly decentralised transactions with no element of trust required in the traditional transactions due to transferring the assets seamlessly once their requirements are met.
To sum up, a smart economy consists of two pillars:
Providing the digital identities of normal people and companies to communicate,
Exchange digital instruments using comprehensive and secure smart contracts.
As we mentioned before, NEO network owns two tokens. NEO is the purchasable token whereas GAS is the token that NEO generates. GAS tokens are used to pay for transactions on the network and continuation of DApps. In this article you will find a detailed answer for ''What is NEO?''.

How to Buy NEO?

Where to buy NEO? Just like many cryptocurrencies, you can follow two scenarios to own NEO.
Due to NEO not being mined, in order to earn NEO, you can be a staker to validate transactions in the system. Another way to buy NEO is to be a user of an exchange or brokerage service. Most of these services have miscellaneous deposit methods to buy NEO with credit cards, debit cards, Skrill, PayPal, e-wallets and Bank Wire Transfers. Please check NEO values from the different sources before completing the transaction.

How to Sell NEO?

Where to sell NEO? You can easily sell NEO of yours on exchange and brokerage services. According to your preferred crypto currencies and fiat currencies in trading pairs. It is also possible to process OTC (On-the-Counter) for bigger amounts of crypto assets. Here, you can decide on ''How much is NEO?''. All you need is to list your NEO price you are asking for and wait for a buyer.

NEO Fees

Unfortunately, for every transaction you are obligated to pay NEO fees titled as NEO transaction fee, NEO withdrawal fee and NEO trading fee. However, you can search for a company with low fees. Please note that you must always check the ''Fees'' section of your exchange and brokerage services before you create an account.

How is NEO Generated?

How to mine NEOs? It is not possible to mine NEO tokens. But whenever every new NEO block generates, a certain amount of GAS tokens come off and are distributed to all NEO owners. Since all nodes in the network belong to NEO‘s crew, mining GAS is not possible for people. GAS is only shared between NEO token owners in the case they have NEO tokens in the wallet. This leads to GAS claiming.

NEO Exchanges

The cryptocurrency exchange industry is endless and competitive. Therefore, it can be pretty challenging to find the best NEO exchange meeting with your needs. Before creating a NEO account to buy and sell NEO, there are multiple specifications you need to be cautious about. It must provide profitable NEO exchange rates and low NEO transaction fees. Another important detail is a solid Customer Support with a user-oriented approach.

How to Store NEO?

What is a NEO wallet? It is a digital wallet that you can use as a bank account in the cryptocurrency world. You will be given a NEO wallet address that you can receive and transfer your digital assets. NEO (crypto) wallet types are hardware wallets, software(web-desktop-mobile)wallets and paper wallets.
How to get a NEO wallet? To find the best NEO wallet, you can view our members' reviews for multiple digital wallets. There are two different types of crypto wallets according to your trading habits. If you are an active trader, you need to create a hot wallet account with low trading fees. However, long-time NEO holders must make a cold storage to keep their owning secure and away from online malicious attempts

NEO Price

How much is NEO worth? In recent years, the NEO price has gone through cycles of depreciation and appreciation called bubbles and busts. Since supply-demand balance in the digital world can not be guessed, it is impossible to make NEO price predictions. NEO price USD can be easily googled and viewed NEO price charts or in your exchange’s official website.

Is NEO Trustworthy?

NEO is trustworthy according to where you are looking at it from. As a cryptocurrency with solid purpose and proactive developers behind it, many investors consider NEO a reliable one with a bright future. On the other hand, just like every digital asset, its value can have sharp ups and downs and this can cause high risk for short-time investors.

NEO Reviews and Complaints

NEO promises the conversion of all traditional assets into digital ones. Therefore, subject assets become decentralised by a smart contract and this will be the first step for a ''Smart Economy''. There will be a tremendous database containing the digital identities of normal people and companies worldwide. Although, it sounds like an episode from ''Year Million'', NEO takes firm steps forward.
We, Kazan.io, have created a huge pool of experiences for our users about almost all cryptocurrencies and crypto services. You are always welcome to look for NEO customer reviews and NEO complaints.