Bitforum takes a closer look at the complexities of a particular cryptocurrency drawing significant interest—NEO. Let’s discover on an exploration of NEO:
NEO Overview: NEO stands as a Blockchain platform, defined by its development team as a distributed network tailored for a smart economy. This open project is community-centric, employing blockchain technology and digital authentication to digitize and manage assets through smart contracts. The overarching objective of NEO is to establish a Smart Economy.
NEO Coin Utilization: The utility of NEO Coin encompasses:
- Employing NEO for voting in bookkeeping processes or modifying parameters within the NEO Blockchain network.
- When projects launch their tokens on the NEO platform, they fundraise using NEO. For instance, ICOs such as Phantasma (SOUL) in May 2018 exclusively accepted investments in NEO.
- NEO serves as a tool for providing developers with a testnet on the NEO platform.
Essential Details about NEO Coin:
- Token Name: NEO Coin.
- Ticker: NEO.
- Blockchain: NEO Blockchain.
- Token Type: Governing Token.
- Total Supply: 100,000,000 NEO.
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