NEO $NEO

NEO, originally known as Antshares, is an innovative smart economy platform and the first open source blockchain project initiated in China. Founded in 2014, this platform has garnered significant attention for its resemblance to Ethereum. It employs a smart economy approach to interpret its distributed network concept, with a primary goal of digitalizing assets through a decentralized blockchain network and digital identity.

About NEO

The central ambition of NEO is to embody the distributed network for a "smart economy". According to their official website, this involves the integration of "Digital Assets + Digital Identity + Smart Contract = Smart Economy". The development of NEO was undertaken by the Shanghai-based blockchain R&D firm, OnChain. The project's funding was accomplished through two crowdsales; the first in October 2015 sold 17.5 million NEO tokens for $550,000, whereas the second crowdsale facilitated the sale of the remaining 22.5 million NEO tokens for $4.5 million.

Why Choose NEO?

The key features of NEO, such as asset digitization and identity on the NEO platform, present a groundbreaking method for asset registration, issuance, and circulation. This enables the digitalization and trading of physical assets like real estate, company shares, and even fiat money on the NEO network, propelling the emergence of a unique economy.

Digital Identity System

The digital identity system of NEO allows for seamless integration between the platform and the real-world economy. The platform embraces custom digital identity standards, fostering the creation of electronic identity data for individuals, organizations, and even entities. These electronic systems utilize multi-layered authentication models inclusive of facial and voice recognition as well as fingerprints.

Legal Protection of Digital Assets

Ensuring the legal protection of all digital assets on the platform, NEO uses digital certificates on its public blockchain. This leads to an immutable and unalterable record of all entities’ holdings, thereby providing a trustable system.