The future of NEO looks very good indeed!

Red Pulse is a bust for me.

In an email sent out On Sept. 31 Red Pulse announced they will not be accepting citizens from US, Singapore, and China.

So what does this mean for the future of NEO? Absolutely nothing and its still my coin pick DESPITE this news sending the value plummeting. So what is it really that makes me so hopeful of NEO?

Well perhaps you have not heard the news, but China is considering a full stop on ICO's.

This is exactly what I predicted would happen and exactly why I dove on NEO.

Allow me to explain. NEO is a public blockchain as we all know. Is a blockchain very much like Ethereum.

What most people don't know is the same team that created NEO, is also working on another blockchain called Onchain.

Onchain is to be the NEO for the corporate world in China.

Now as we already know, NEO is basically given a green light go on passing all new Chinese laws. This is logical considering the belief is they worked directly with the government to make this possible.

This means only two blockchains are likely to be legal in China - a corporate blockchain and a public blockchain.

What China has no plans of doing, or at least per my understanding, is to stop the investment tokens, smart contracts, etc. This again is a logical move. Why would they stop this if they have control over the blockchain itself, they know every asset created.

So why is this lack of competition good for the value of NEO? Because all assets MUST go through NEO or Onchain.

If you try to register an asset on NEO, you will find this is not a free practice by any means, though it is INCREDIBLY easy to do.

In fact, if you were to release asset tokens in the number of 5,000,000 you would find it will cost you close to 5000 GAS - or a value of $75000 USD.

Now stop and absorb all this. Chinese people will only be allowed to use 2 blockchains - either corporate or public based on who they are and what their project is.

To utilize these blockchains - they have to pay hefty fee's.

What do you suppose happens to the value of NEO and GAS each and every time these projects take place.

This is why Red Pulse is no concern and I welcome a falling price. This is why the panic and fear is wonderful to me.

Just like people getting fearful and dumping bitcoin means I can buy it up cheap, panic about NEO means the exact same, and the scarcity that comes with GAS is just a benefit of it all.

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