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Can Neo (NEO) become a Bridge between Digital Assets and Fiat Values?

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Neo

Neo (NEO), proclaimed as Chinese Ethereum is working its way up towards creating a much-needed bridge between the world of cryptocurrencies and the more established world of fiat value and traditional currencies. So far, investors were most concerned about the market price of their favorite coins, but as there are more and more coins appearing year by year, the expectations are rising accordingly. That is how investors became more interested in the technology behind their favorite currencies besides from being interested in the market price. As Neo is trying to simplify coin exchanges and blockchain-base transactions, we are interested in finding out whether the “Chinese Ethereum” can become a bridge between digital assets and fiat values?

Neo is Standing Out

In the market where there are over 2000 listed ICOs, standing out from the crowd can be a task bit too hard. That is how we can’t miss on appreciating the fact that this Chinese-forged coin has made it to the global market by being accepted on many major exchange markets, including Bittrex, which is always good news for a currency.

Getting listed on major exchanges and working on getting the number of exchanges increased over time is what makes a coin stand out in the first place as its attainability and accessibility are immediately increased as a consequence of getting listed. That way many investors are able to spot the listed coin as a potentially solid investment.

But, that is not the only way Neo is standing out from the crowd. Apparently, the dev team behind Neo seems to be determined to make NEO one of the top platforms/currencies in the market. Since Neo is mostly focused on smart contract operations, the dev team behind it made sure that Neo can offer scalable and flexible solutions, which is the case with Neo’s smart contract operations.

By having a scalable and flexible platform, Neo can offer maximal compatibility with a wide choice of different types of decentralized applications. That is how developers can easily make any kind of Dapp that crosses their mind as they have all the needed tools available on the network.

All Dapps can be made by using JavaScript, which is the precise reason why it is so simple and easy to make and deploy decentralized applications to Neo’s network.

Moreover, Neo is standing out from the crowd of different currencies by having the ability to easily adapt to any type of transactions, and that is how Neo users are able to find a real-life purpose for NEO currency.

Can Neo become a Bridge between Digital Currencies and “Real Life”?

Neo can indeed become a bridge between digital currencies and the real life where a clear purpose can be found in this currency. In fact, Neo can be already used in real life as this currency has a way in its system that allows all users to bond their fiat values to digital certificates that are recognized by the law as valid.

Neo took its smart contract operations a step further in order to make sure that anyone can use this feature, including even those users that are not particularly handy with tech-related stuff.

Neo has many features that will allow you to easily prove your identity, make transactions in a second with the capacity of processing up to 10.000 transactions per one second all at once, along with allowing you to connect the real-life values and assets with the digital ecosystem that makes Neo what it is today.

Neo and Partnerships

Acquiring new partnerships can sky-rocket a currency as it shows that there are serious investors and partners out there who put their trust into the technology of the given currency.

Neo has some very important partnerships in line as well, showcasing in a way that this currency is doing pretty well, finding its usage in “real life” payments and transactions.

One of the most notable partnerships so far is the one sealed with Alibaba, which is practically Chinese Amazon with millions of active users and buyers. Thanks to this partnership, Neo users are now able to purchase hundreds of different goods and products by using NEO for their payments.

Another partnership that can definitely be marked as groundbreaking is the one sealed with China. This partnership was sealed with the purpose of pushing the market to a whole new level by enabling users to gain easy and simple access to Microsoft products that can be bought with NEO currency.

How is Neo doing at the Current Moment?

After the latest change in the market, NEO is being traded in the red after the initial drop of -2.73% against the dollar.

The majority of currencies are once again trading in the red while coins and tokens are dropping in price. NEO is also trading in the red against BTC by 0.55% and can be currently purchased at the price of 46.43$ per one NEO unit.

In oppose to the price marked on January 16th when NEO reached its all-time high of around 160$ per one NEO coin, the current trading price is fairly low. However, given the fact that this currency is trading more than twice lower than its record price, NEO can make a pretty neat investment at the current moment.

We will be updating our subscribers as soon as we know more. For the latest updates on NEO, sign up below!

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.

Image courtesy of Steven Depolo via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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

Xeno Holdings Limited (xno.live ), 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 (market.xno.live ), 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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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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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Altcoins

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

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

The XENO NFT Hub (https://xno.live) 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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