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Can NEO Be The Top Cryptocurrency of 2018?




NEO came into prominence in 2017 and according to eToro, in terms of market capitalization, the coin had hit a peak of $187.41 on 15th January 2018. NEO is often considered to be the pioneering Chinese cryptocurrency that made it to the mainstream. Currently, according to, NEO is positioned at number 11. The price of NEO at the time of writing shows approximately $64.00 USD while the market cap is approximately $4,160,110,500 USD. The volume (24h) is nearly $111,618,000 USD. (As of 14th May 2018) The current price action may not be enough to convince someone to invest in NEO now but the 11th rank should say that being one of the top-ranking cryptocurrencies it is worth investing in.

Unlike most of the cryptocurrencies, the NEO blockchain is not decentralized and thus can never be forked. Da Hongfei, the creator of NEO developed the platform by maintaining the Chinese cryptocurrency regulations. Its coding methodology allows the network to be upgraded and changed without going through the user consensus process. According to the official website of NEO, “NEO is a non-profit, community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a ‘smart economy’ with a distributed network.”

According to the monthly report of April published by the NEO development team, New Economy Labs (NEL), the team had completed the address details page, NEP-5 details page, and the UTXO paging. The web wallet of NEL had also undergone some changes for holding NEO assets. Another development is that the NEODUN hardware wallet firmware interface and the main flow functions have been completed. The users will be able to import private keys through secure channels.

Improvements in Switcheo, the first decentralized cryptocurrency exchange on NEO

According to the company figures, within the first week of launching Switcheo, the trading volume went above $2 million. In fact, the exchange has moved to the top 5 Decentralized Exchange (DEX) after Ethfinex, Idea, and Cobinhood. In late April, it also made to exchange list. Other than the ERX20 tokens, the users of Switcheo platform can conduct transactions with 20 NEP-5 tokens. It includes NEO, Switcheo Token (SWH), GAS, TheKey (TKY), Bridge Protocol (IAM), Red Pulse (RPX), DeepBrainChain (DBC), and Trinity (TNC).

Version 2 of the Switcheo Public Beta exchange can be accessed on the NEO TestNet now. The users need to have a wallet for testing purposes that can be created with NEOTracker or Neon Wallet in order to use the platform. After creating the wallet, the users can go to the Beta exchange and then switch from MainNet to TestNet. They will receive TestNet tokens for testing purposes.

According to an announcement of Switcheo, an ETA for the MainNet is slated for release on 18th May 2018. Additional token listings are also expected to be released on the exchange on that day. Switcheo is expected to freeze trading just before the release of the second MainNet. However, the users will be able to withdraw standing offers and tokens and shift them on the new smart contract. One can expect more announcements regarding this so that the users do not suffer from interruptions while trading. Presently, Switcheo has collaborated in two airdrop campaigns- and SpotCoin. According to the team, Switcheo will focus on improving mobile user experience and performing tests on the new trading system in the next few weeks.

Concluding Thoughts

Investments in NEO will add variety to the trader/investor’s portfolio as the NEO platform can act differently from other major crypto coins. The features of NEO show real-world application of the blockchain technology. It should also be considered that the NEO blockchain had been designed to work in tandem with the regulations of China (considering the ban related to the cryptocurrencies in China last year). As China had heavily acted on Bitcoin and the cryptocurrency exchanges, NEO- a cryptocurrency following the Chinese regulations may become a good option for traders who had shied away since the ban.

Today (14th May 2018), NEO and São Paulo Digital Business Exchange (BOMESP) will take part in a community meetup in São Paulo, Brazil. Currently, BOMESP is running on the Ethereum platform but there are some commonalities with NEO. The aim of the meetup is to develop a distributed economy through tokenization. It remains to be seen what the discussions in the community meetup will lead to and how it will affect the journey of NEO.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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