Neo (NEO)
| Market Cap | $503,601,064 |
|---|---|
| Trading Volume | $35,184,948 |
| Volume / Market Cap | 0.0699 |
| Total Supply | 100,000,000 NEO |
| Max Supply | 100,000,000 NEO |
Neo is currently trading at $7.1385, after a price change of 1.75% in the last 24 hours.
Ranked as cryptocurrency #72 by capitalization today, NEO market cap is valued at $503,601,064. NEO trading volume reached $35,184,948 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on NEO coin price prediction page.
What is Neo?
Neo is a blockchain for developing decentralized applications. The protocol allows developers to digitize and automate asset management in smart contracts. Neo, formally known as Antshares, is based on the Delegated Byzantine Fault Tolerance algorithm. The platform provides developers with in-house infrastructure like distributed storage, oracles, and domain name service. Neo launched Neo 3.0 in 2021 to enhance security and increase throughput. Neo is believed to have been the first public smart contract protocol to be created in China.
Neo is a dual-token network consisting of NEO and GAS coins. NEO has a circulating supply of 70,538,831 from a total supply of 100 million and a matching hard cap. The token works as a governance currency, enabling holders to manage the network through voting. The minimum unit of NEO token is 1, which makes it a scarce digital asset. GAS is used for paying transaction fees. The transaction fees are burned while the network fees are distributed among validator nodes.
Da Hongfei and Erik Zhang founded Neo in 2014. The project source code was first published in GitHub in 2015, and the MainNet launched the following year.