What is Neo (NEO)?

Neo – NEO

China is opening the gates to the world of Web3 and there is one blockchain we should keep our eyes on.

This is a Project Review on NEO.




What is Neo – NEO?

This blockchain is known as the “Chinese Ethereum” but could potentially be better. Let me introduce you to Neo Blockchain, the all-in-one network that first launched in 2014 when it was originally known as Antshares.

NeoBlockchain is a community-powered blockchain that runs on the delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. There is nothing you can not do or build on the Neo Blockchain, they have truly created the “Internet of Everything”.

It was built with the sole purpose to fulfil the needs of every user in a decentralised and regulatory-compliant manner. Every user on the blockchain must have a verified digital identity, known as NeoID. By the way, it’s great to mention that this is a decentralised identity!


Other than NeoID, here are some other key solutions home to the Neo Blockchain:

Smart Contracts

Neo is one of the most dev-friendly blockchains as it can create and launch smart contracts using a variety of coding languages.


Neo’s native Oracle allows smart contracts/dApps to retrieve data from real-world external sources!


A decentralised Storage network that gives devs a cheaper alternative to centralised digital storage and NeoFS users have complete control over their data.

Neo Name Service

A decentralised name service that allows you to choose your own NEO name, e.g. Sjuul .neo.

There are more solutions to cover, but these stood out the most. For those wondering, Neo is interoperable with Bitcoin, Ethereum and many other major blockchains.


Unlike other blockchains, the Neo Blockchain has both Apps and dApps within the ecosystem. Let us pick a few out:


While there aren’t many apps at the moment, the ones that available are proven useful:


A Discord bot with many cool features. Crypto and Discord are a couple made in heaven. Almost 99% of crypto protocols have a Discord server and almost 100% of them use Discord bots! – https://ndapp.org/gasbot


Don’t like WhatsApp? No worries, NeoChat has you covered! Connect your Neo wallet and perform instant messages with 100% privacy! – https://chat.neo.org/sign-in

There are more Apps to go through but Neo’s ecosystem of dApps is where things get exciting. Whether you’re looking for NFTs, games, borrowing & lending or even just a DEX, Neo has it all.


We will be going through decentralised exchanges at the end of this article. These are alternative DeFi applications:


Designed to connect multiple blockchains. Building the next-gen internet. Any blockchain can connect and communicate with any compatible blockchain! – https://ndapp.org/dapp-detailed/polynetwork


A strategic building NFT metaverse! Believe it or not, ToTheMoon won the Neo Frontier Launchpad “Excellence” Award! – https://ndapp.org/dapp-detailed/tothemoon


Neo’s cross-chain NFT marketplace, GhostMarket is compatible with the BNB Chain, Polygon, Avalanche, Ethereum and other major networks! – https://ndapp.org/dapp-detailed/ghostmarket

Whether you need to find a wallet, NFT marketplace, games or DeFi protocols of any kind, then Neo’s ecosystem is home to it all!

At the moment, over 2 million transactions have been facilitated within the Neo ecosystem, with over 176 different tokens and over 77,600 users!

Morpheus was right. $NEO is the one.

Check out their vast ecosystem here – https://ndapp.org/dapps-overview

$NEO & $GAS Tokens

The Neo Blockchain was the first to introduce a Dual Token Economy.

$NEO is the Governance token of the entire network. Users who stake $NEO can create or vote on proposals and will also be rewarded with $GAS tokens.

$GAS explains itself. It is simply the Gas token of the network, that is used to pay for the storage of assets and smart contracts. They created two tokens to separate the rights from Governance and the rights of using the network.

How to buy $NEO & $GAS

Both $NEO & $GAS are not yet available on Ethereum or any EVM-compatible networks. You can buy, swap and trade $NEO or $GAS on centralised exchanges and can also be held, bought or sold on decentralised exchanges within native NEO Wallets.

There are two main ways to buy $NEO & $GAS, but you will always go through a centralised exchange (CEX) or FIAT Off-Ramp. Here are the options:

Option 1- Centralised Exchange

Finding $NEO on CEXs is easy, $GAS is a bit harder but can be found on some CEXs! We recommend using one of these centralised exchanges when buying or trading the $NEO and/or GAS tokens. Here is a list of CEXs with a few delicious promotions:

Option 2 – DeFi Wallet & Decentralised Exchange

To get started you will need a DeFi wallet and make sure to secure your seed phrase with a hardware wallet (Trezor/Ledger):

If you are buying $NEO & $GAS through your DeFi wallet, we have compiled a small list of Decentralised Exchanges (DEXs) for you to swap or trade assets that are available on the network.

  • Flamingo Finance – The leading DEX and full-stack DeFi protocol that has enabled cross-chain gateways, token swaps, perpetual trading and more! – https://n2.flamingo.finance/
  • Nash – A non-custodial exchange, fiat on and off-ramp, as well as merchant payment solutions and much more! – https://nash.io/en/

There are a few decentralised exchanges in the ecosystem, but these are the two most used and popular DEXs in the ecosystem.


At the time of writing, the $NEO token is priced at $10.67 with a market cap of over $752.7M. $NEO once reached an ATH of just under $197 and had a market cap of over $9.9B! The Neo Blockchain will thrive in the next bull run, especially now that China is Web3 friendly.

$GAS on the other hand has a current price of $2.84 and a market cap of $28.7M which is relatively small compared to its counterpart. The $GAS token has seen an ATH of $97.49 when it had a market cap of just under $700M. Is $GAS extremely undervalued?


Twitter – @Neo_Blockchain

Website – https://neo.org/

Ecosystem – https://ndapp.org/



That’s it! Thanks for reading! Have a look at our Guides section for more!

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