NEO is a distributed network for the Smart Economy. It was produced to establish a scalable network of decentralized applications. The blockchain network supports a lot of high-level programming languages, thus, making it possess unique features that are capable of enabling it to become one of the best blockchain networks in a smart economy.
Nevertheless, even though NEO is decentralized and a very scalable network, its price has dipped in the market. Last month (July) its price decreased considerably to $42 per coin. More so, at the time of writing (as of August 2nd), the price has further dipped down to $28.21.
NEO, however, occupies the NO. 13TH position due to its market capitalization ($1,834,648,975). It is important to know that it is one of the most traded altcoins in the crypto market today. Even though NEO is at the price mark of $28.33 at the moment, the team behind it is working tirelessly to make sure it becomes a notable altcoin.
NEO Upcoming Changes and Developments
Recently, NEO stated that it would start an AMA on August 2nd. The two men behind NEO, Da Hongfei, and Erik Zhang, stated that the start of the new Reddit AMA is the beginning of a new era for the blockchain network since its community is growing really fast. NEO users can come up with their questions during the AMA session, this undoubtedly is a step that shows the NEO team has confidence and vision for their product. NEO team will start answering the questions starting tomorrow, 3 August.
Moreover, questions are rising about the NeonExchange – a decentralized exchange network that is powered by NEO. The exchange hasn’t been entirely active as a result of the regulations surrounding it, and most Dapps developers want this to be cleared before the ICO of NEX coins is launched.
Many individuals have voiced their opinion about this, but adequate measures are being planned at the moment, and the community would be briefed on this very soon.
Furthermore, other upcoming developments include the launch of NEO Name Service, which was produced by the NEO’s largest community in China, NEL. The NEO Name Service will help in the production of NEO’s addresses that are compatible with real-life.
NEL is also making plans to develop an NEO-based hardware wallet known as NEODUN. Another accomplishment of this NEO’s Chinese community is its collaboration with Trueblocks (a South Korea-based accelerator and market development team dedicated to Korea’s crypto market) to help foster NEO blockchain in the Korean cryptocurrency markets.
Additionally, NEO aims to foster a smart economy, and in doing so, it recently partnered with Certik (an official verification platform for smart contracts and blockchain ecosystem). This partnership aims to boost security and verify NEO’s digital assets and identity.
NEO recorded an increase in the number of transactions which were seen as spams. The blockchain network has highlighted its community the two parameters: MaxTransactionsPerBlock and MaxFreeTransactionsperblock. These parameters are measures recently created to protect NEO from too many transactions that may be malicious to it.
Also, the platform has advised that,
“Sending transaction with fee will be recommended. It’s easy and effective. The amount of transaction fee depends on how fast you need to get transactions confirmed by blockchain. In general, one satoshi gas will be enough.”
Some last words
NEO is also considering supporting an upcoming hackathon event in Latin America. The blockchain network has said in a Twitter post that the event will be held 3rd and 4th of August in Santiago, Chile. These and many more are coming up on NEO’S platform, but will these events reflect on its price? Well, as things stand, it seems these will. Let’s hope for the greenish NEO run ahead.
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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 (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…
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…
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 (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…