Let's take a look at NEO and the DAPPS getting started on it
I've talked about NEO before in Alt-News #5 back when it was rebranding from Antshares and the price was hovering between 5 and 8 USD each. NEO is one of the first chinese Open-Source projects and is about to get a lot more projects within it going soon. Similar to how many other blockchain's are creating other projects within it, Ethereum and their ERC20 tokens, Steem and their SMT's, same thing is starting to happen with NEO.
Before we get started I want to make sure that the readers are aware that this is not investment advice and the risk involved in cryptocurrencies is as high as the volatility. Never invest money you can't afford to lose, this can't be stressed enough.
Having said that, I think NEO would be a good medium/long-term investment and in this post I will describe why I believe so. This post has not been sponsored. For disclosure I am a shareholder of the token.
After the last China scare regulating exchanges and banning ICO's, etc, many seem to have moved away from their markets. As we know China though they often prefer to create their own tokens and brands instead such as NEO and YOYOW and I'm sure there will be more popping up soon but in a more regulated manner which is good for the safety of investors.
Here are some promising projects that are being built on top of NEO
Red Pulse
Red Pulse recently finished its ICO and is the first token to be created for NEO. Their goal is to power a brand new content production, distribution, and consumption platform focused initially on China’s capital markets. Their vision is to grow the current services into a direct-incentivization ecosystem facilitated by the RPX token, creating a network that connects supply and demand for financial information powered by state of the art blockchain technology.
Link to their website for more information.
NEX
NEX is a platform for complex decentralized cryptographic trade and payment service creation. It combines the NEO blockchain with an off-chain matching engine to enable much faster and more complex trades than existing decentralized exchanges.
The image from their website if you want to read more and here is a pdf link to their whitepaper.
The token sale is yet to be announced.
Elastos
NEO will make itself compatible with Elastos, and Elastos will also support NEOVM, and allow the writing of smart contracts with established languages, such as C# and Java. Elastos will be an OS for the Blockchain, and NEO can help developers quickly create Blockchain applications. The combination of the two could connect different developers from around the world, forming a strong ecosystem for application development―all to better serve a Smart Economy.
Link to website for more information and to their whitepaper in pdf.
Qlink
Qlink really caught my attention, a decentralized mobile network, which is dedicated to
constructing an open-source telecom infrastructure on blockchain. The pre-sale started on the 28th November and the Crowdsale is yet to be announced.
Their Roadmap is worth checking out and here is link to their english whitepaper.
If you are interested to hear about more DAPPS created on top of NEO go to this website to learn more.
NEO is valued at 35 USD as of writing with a max supply at 65 million tokens. This comment is for future reference.
What are your thoughts on NEO and the upcoming projects that are going to be built on top of it?
NEO has just become the major part of my crypto portfolio. It's having more and more DAPPs coming, and I am particularly excited about AdEx launching on it.
Good luck. .
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Thank You So Much..
I invested in Neo (about 5% of my portfolio) and I've been a bit confused by the market over the last few months as it seems like good news for Neo keeps coming out and steady development progress is being made, but the price has been flat to slightly down-trending over the last 90 days.
Any thoughts on why we aren't seeing more of a bull market? Relative to BTC the price of Neo is about 1/2 of what I bought it at a few months ago. Relative to USD it is flat. Its lagged so far behind other cryptos that it is down to 13th in market cap after being 6-8th.
While its true that Neo went from 8 to 36, if you'd invested in BTC over that same period you'd be doing much better.
That's usually a good sign of accumulation in cryptos, especially with bitcoin moving so much lately.
Steem has also been around $1 for a long time now.
I think a lot of people where scared away with all the drama with the bans etc. But I remain equally bullish on NEO. From what I understand it support more programming languages to be used and built on top of it than for example Ethereum. Also they have some collaboration with Windows which probably shouldn't be underestimated.
The fact that you generate gas also incentives the holder to keep the coins in the wallet thus locking up the supply.
I think next big run will go to one hundred per coin !
Nicely writing.
Thanks man !
I'm a Neo hodler too:) Excited about the DAPPS being built on it! Ontology Network should be a major development in the coming months too! Out of the above, QLink definitely seems to make the most sense from a utility standpoint. Thanks for the share @acidyo!
ps. off topic, check out the Naga ICO (ERC20 token) https://www.nagaico.com/?refcode=f368lv this also looks like a possible long term winner!
Thanks for the suggestion, will check it out although referral links usually raise some flags in ICO's. :P
I am a NEO holder as well. Just be patient, the NEO rise will come again. The team is doing a great job. The only thing I didnt like about the team was the "announcement of announcement" thing a few weeks ago. A professional team should not do something like that. Anyway they admitted their mistake and hopefully they will focus on developing in the future instead of hyping the ppl via twitter.
Btw if you buy NEO from exchanges like me I would prefer you guys to use Binance exchange because every month this exchange is giving you the GAS you deserve/earn.
I bought my NEO at the start from Bittrex for example and hold it there. But that was a mistake because Bittrex is not giving you the GAS you deserve/earn/generate.
Or just move it to the NEON wallet which also gives gas and even better is off the exchanges, reducing overall risk due to not relying on a middle man that could potentially screw you (although Binance seems legit).
Neo makes up for 15% of my portfolio and are there to stay. Gosh I used to own like 40 of them when they were cheap and sold for 2-3$ :(
You don't wanna know how many Antshares I bought cheap and sold for a tiny profit. :P
All part of the charm of the sector we are in. It's probably even not a month ago when I sold BTC at around $6k.
Nice guys
i love NEO, a bit expensive but wwe still can take this train!
I'm not a fan of NEO and fail to see why anyone would buy it instead of EOS
It's definitely worth picking up a few Neo and holding them indefinitely.
I feel like NEOnhas a lot coming in for it next year with its projects so it should change the game up