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We could see a massive NEO price surge shortly, here is why

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NEO

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.

Image courtesy of Maxpixel.net

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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