Buy NEO [NEO]
NEO is a decentralized public network created to unite traditional and digital economies into something new labeled smart economy. To achieve it, NEO combines blockchain technology with the concept of digital identity via smart contracts. This leads to the elimination of third parties and automatization of digital asset management. Smart economy has the potential to revolutionize financial relations on a global scale.
The non-fungible NEO token is the native asset of the network. There are also utility GAS tokens intended to pay fees in the network. They can be divided up to 0.00000001 GAS.
NEO offers fast transactions (up to 10,000 TPS). The platform is often referred to as the “Chinese Ethereum” because it allows the creation of decentralized applications (dApps) based on smart contracts. NEO has open source code and it’s free to access on GitHub.
How to buy NEO?
Where and how to buy NEO
To purchase NEO, first, you will need a wallet to store it. The most obvious option is to download a software wallet from the official website (web and mobile versions are available). . There are also other wallets. The most secure way to buy NEO is via a centralized exchange, of course. WhiteBIT is perfect for this purpose. You can also use:
- Crypto exchanger. Here, it’s worth checking other users’ reviews to choose a credible platform. Also, look through fees. It may differ depending on the exchanger.
- P2P platforms allow purchasing crypto assets directly from other users. Using this method, you can avoid fees. However, you should be very careful. Check the reputation of users you are going to trade with. Crypto is not regulated by the officials, so in case of a scam, it would be hard to restore your assets.
After purchasing NEO, you can use it for several purposes.
How to use NEO:
Trading is a great option for those who don’t want to wait for long periods of time. Successful trading requires comprehensive technical analysis. WhiteBIT exchange offers an intuitive interface and all the necessary instruments suitable for both beginners and experienced traders.
You can pay for different services and goods with NEO. The crypto community finds the project very prospective, so a lot of entrepreneurs pick up the idea and contribute to the concept of the smart economy. Thus, more and more ways to spend NEO emerge.
Despite trading and spending opportunities, most holders view NEO as a long-term investment. There are several reasons for this. First, it’s a PoS token – it can be mined without any complex equipment. For holding, owners get 8 GAS for every generated block. They also get the right to vote in the ecosystem. Second, despite the severe crypto regulations in China, there is a popular opinion that the government will need a reliable digital asset for fulfilling strategic purposes. As a local organization, NEO has every chance to take the vacant place if that happens. Looking back on the Bitcoin decline after the official statements of the Chinese government, it can be predicted that NEO will rise in case of its adoption in the country.