NEO

NEO - The Smart Economy Platform

NEO is a next-generation smart economy platform, originally founded in 2014 as Antshares, and is recognized as China's first open-source blockchain. Often referred to as the “Ethereum of China”, NEO aims to create a robust framework for the digital economy.

What is NEO?

NEO employs a unique approach to implement its vision of a smart economy. Its core objective is to digitize assets using decentralized blockchain technology and digital identity. NEO's foundational philosophy can be summarized as follows:

Digital Assets + Digital Identity + Smart Contracts = Smart Economy

Developed by the Shanghai-based blockchain R&D company OnChain, NEO has undergone significant funding through two successful crowdsales. The first in October 2015 raised $550,000 by selling 17.5 million NEO tokens, followed by a second crowdsale that generated $4.5 million for the remaining 22.5 million tokens.

Why Choose NEO?

NEO's platform facilitates asset digitization and identity management, presenting an innovative method for asset registration, issuance, and circulation. This capability allows for the digitization and trading of tangible assets such as real estate, company shares, and even fiat currency, thereby fostering a new economic landscape.

The platform's digital identity system enhances integration with the real-world economy. It features custom identity standards that allow for the creation of electronic identity data for individuals, organizations, and entities. This system utilizes multi-layered authentication models, incorporating facial recognition, voice recognition, and fingerprint scanning to ensure security and integrity.

All digital assets on the NEO platform benefit from legal protection through the use of digital certificates on its public blockchain. This structure guarantees trust, providing an indelible and unalterable record of all entities’ holdings.

NEO's Dual Token Model

NEO operates on a unique dual token model that differentiates governance from utility. The NEO token serves as a governance token, allowing holders to participate in the decision-making processes of the network. In contrast, the GAS token is utilized for transaction fees, smart contract deployment, and purchases within decentralized applications (dApps).

Holders of NEO not only have governance rights but also earn passive rewards in the form of GAS tokens without the need for staking. These rewards increase for those who actively participate in the voting process, further incentivizing community engagement.

Innovative Features of NEO

• One Block Finality: The dBFT consensus mechanism ensures fast and efficient transaction finality.
• Oracles: Built-in oracles provide secure access to off-chain data.
• NeoFS: A distributed data storage solution designed for scalability and privacy.
• Multi-Language Smart Contracts: Developers can write smart contracts in popular programming languages such as C#, Go, Python, Java, or TypeScript.
• Interoperability: Cross-chain compatibility with Ethereum, Binance Chain, and more is facilitated through Poly.Network.
• NeoID: A set of self-sovereign decentralized identity standards that enhance user privacy and data control.