NEO Smart Economy Explained
What is NEO?
NEO, formely Antshares (ANS), was announced in 2014 (Bitcointalk ANN).
It's a chinese open-source project with code release on GitHub.
(Sun, 26 Nov 2017 00:27:36 GMT)
Market Cap: NEO $2,478,000,500 / ¥16,350,000,000
</p>
NEO Economy
In this economy smart contracts are used to create assets, NEO and GAS are the main assets in the network.
NEO (Governing Token), it's the most valuable asset, with a total of 100 million issued indivisible units.
GAS (Utility Token), it's the reward for holding NEO tokens, 100 million tokens will be issued in total during 22 years.
Others different types of assets can be created.
Smart Contracts
You can use NEO Smart Contracts 2.0 with NEO Virtual Machine.
NEO VM actually supports C#, VB.Net, F#, Java and Kotlin to build NEO smart contracts.
In future will be possible to create assets using: C, C++, Golang, Python and JavaScript.
Rewards
Owners of NEO will earn GAS.
You can claim your GAS from your wallet every 5 minutes.
Keeping NEO tokens on exchange wallets don't reward you with GAS, use a wallet from the list we provide (Kucoin & Binance are exceptions)
At time of writing, the rewards were the following:
| Time | Theory | Actual | Conversion |
|---|---|---|---|
| Per Day | 0.0005 GAS | 0.0004 GAS | $0.0080 / ¥0.05 |
| Per Week | 0.0032 GAS | 0.0025 GAS | $0.056 / ¥0.38 |
| Per Month | 0.0143 GAS | 0.0112 GAS | $0.25 / ¥1.64 |
| Per Year | 0.1682 GAS | 0.1313 GAS | $2.91 / ¥19.20 |
Wallets
With a wallet you can send & receive NEO, GAS & other tokens.
NEO Tracker: Web
Neon Wallet: Desktop
Neo GUI (Official): Desktop
Neo Wallet: Web
Ansy: Paper
NEO CLI (Official): Desktop
Explorers
You can get closer look to Neo blockchain, addresses & transactions with:
NEO Tracker: Website
AntCha.in: Website
Neo Explorer: Website
Exchanges
You can trade NEO or GAS at the following exchanges: