How to Buy Neo (NEO)

Buy Neo through Binance

• Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

Buy Neo through Okex

• OKX (Chinese: 欧易), formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange. It was founded by Star Xu (徐明星) in 2017. OKX is owned by Ok Group, which also owns crypto exchange Okcoin. It is not available to US based investors. The company’s CEO is Jay Hao and CMO is Haider Rafique. Initially headquartered in Beijing, China, OKX is now under a blanket ban by Chinese regulators. On October 13, 2021, it issued a “Notice on Regulatory Policy in Mainland China”, announcing that it would continue its policy of “withdrawing from the Chinese mainland market” and would not establish an office or team in the region. However, according to Caixin, although the exchange officially announced that it would no longer set up an office in Mainland China, it still has a large number of R&D staff working in the region, including engineers, who continue to work for OKX in the form of third-party outsourcing companies.

Buy Neo through Gate.io

• Gate.io is a crypto exchange founded in the fall of 2017. The platform is a part of Gate Technology Inc corporation, and has a registration address in Virginia, USA. The platform does not have an official license. Its interface is available for working in three versions: English, Chinese and Japanese.

Buy Neo through Bitfinex

• Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.

Buy Neo through Kucoin

• Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.

Step 3 – Withdraw Your Neo

Once you decide on an exchange, open an account and buy your Neo . Make sure to withdraw the Neo from the exchange to your personal wallet. Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past) and always double check address before send coins because you can send the coins to wrong address .

Overview 

Who Are the Founders of Neo?

The Neo (NEO) blockchain platform was founded by a group of individuals in China. The main founders of Neo are:

1. Da Hongfei: Da Hongfei is a blockchain entrepreneur and the co-founder of Neo. He is also the founder of Onchain, a blockchain technology company that provides blockchain solutions to enterprises.

2. Erik Zhang: Erik Zhang is the co-founder and core developer of Neo. He is responsible for developing the technical architecture and codebase of the Neo blockchain.

Together, Da Hongfei and Erik Zhang have been instrumental in the development and growth of Neo, which has become one of the most popular blockchain platforms in the world.

What Makes Neo Unique?

Neo (NEO) is a cryptocurrency and blockchain platform that has several unique features that distinguish it from other blockchain platforms. Here are some key aspects that make Neo unique:

1. Smart Economy: Neo is known for its concept of a “smart economy”, which combines digital assets, digital identity, and smart contracts to create a digital economy that’s more efficient and transparent.

2. Dual Token System: Neo has a dual token system that includes the NEO token and GAS token. The NEO token represents ownership of the Neo blockchain and can be used for voting on network upgrades, while the GAS token is used for paying transaction fees on the network.

3. High Transaction Speeds: Neo has a high transaction speed of up to 1,000 transactions per second, which makes it one of the fastest blockchain platforms in the industry.

4. Multiple Programming Languages: Neo supports multiple programming languages, including C#, Java, and Python, which makes it more accessible to developers with different backgrounds and skill levels.

5. Strong Community Support: Neo has a strong community of developers and supporters, who have contributed to the development of the platform and its ecosystem of dApps, wallets, and other tools.

Overall, Neo’s smart economy concept, dual token system, high transaction speeds, support for multiple programming languages, and strong community support make it a unique and promising blockchain platform with potential for widespread adoption in the future.

How Many Neo (NEO) Coins Are There in Circulation?

At the time of writing, there are 70.5 million NEO in circulation — and a total supply of 100 million. NEO tokens aren’t mined, and indeed, all 100 million of them were generated when the blockchain launched.

These tokens were distributed on a 50/50 basis — with half going to participants in a token sale, and the other half being split among developers and the NEO Council. At the time, it was confirmed that these funds would be used to invest in other blockchain protocol that the organization supports.

Meanwhile, GAS is generated every 20 seconds or so, whenever a new block is created. The number of tokens created gradually reduces every year, and it’s estimated that it’ll take 22 years for the total supply of 100 million to enter circulation.

How Is the Neo Network Secured?

The Neo (NEO) network is secured through a combination of consensus mechanisms, cryptography, and other security measures. Here are some key aspects that contribute to the security of the Neo network:

1. Delegated Byzantine Fault Tolerance (dBFT) consensus: Neo uses a consensus mechanism called dBFT, which is a variation of the Byzantine Fault Tolerance (BFT) consensus algorithm. dBFT ensures that all nodes on the network agree on the state of the blockchain by allowing nodes to vote on proposed transactions and blocks. This consensus mechanism ensures that the network is resistant to malicious attacks and ensures the integrity of the blockchain.

2. Cryptography: Neo uses advanced cryptography techniques such as elliptic curve cryptography (ECC) to secure transactions and user data. ECC provides a high level of security by using complex mathematical algorithms to encrypt and decrypt data.

3. NEO and GAS Tokens: The NEO and GAS tokens are used as incentives to encourage network participants to act in the best interest of the network. NEO holders can participate in the governance of the network by voting on important decisions, while GAS is used to pay transaction fees and incentivize node operators to maintain the network.

4. Consensus Nodes: Neo relies on a network of consensus nodes to maintain the blockchain and ensure its security. Consensus nodes are responsible for validating transactions and adding them to the blockchain. These nodes are chosen through a process of community voting and are required to meet certain technical and security requirements.

5. Audits and Penetration Testing: Neo undergoes regular security audits and penetration testing to identify and fix any vulnerabilities in the network. This ensures that the network is constantly monitored and updated to protect against potential security threats.

Overall, the combination of dBFT consensus, cryptography, incentives, consensus nodes, and regular security audits makes the Neo network highly secure and resistant to attacks.