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Neo (NEO): A cryptocurrency that’s more than useful!

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NEO useful

More investors are involved in the crypto-coin world now than ever before. But ever since Bitcoin appeared there’s been a single question on every body’s mind “I have it now, and how the heck do I use it?”

Well, the thing about Neo is that you can use it already. Many outlets have adopted it, and it’s made transactions easier for them and their customers in international transactions and smart contracts. It’s being called the “Chinese Ethereum,” and it’s collected a huge fan base. It was called Antshares before, and it’s been going through the roof for a full year already.

Being able to use NEO is a milestone in cryptocurrency history. It’s listed on Bittrex which is an assurance of how a Chinese crypto coin is conquering the world (it’s not the only one, Tron was founded in Singapore, but it’s no secret that the leadership and work come out of Beijing).

The sheer usability the coin has secured several essential partnerships for them, and each partnership has made the currency more reliable and trusted even in some remote areas.

So why is it working this well?

Think certainty and scalability for a start. It’s compatible with a wide range of different applications which makes it very flexible. Developers can do decentralized apps easily based on the NEO blockchain without much specialization (if you know Java, which almost every programmer does, you’re on the other side).

The NEO net can manage up to ten thousand transactions per second which put it right on the forefront, even EOS and Tron’s new Main Nets will have a hard time competing with that kind of speeds. 

Neo is also a digital identity tool, and it boasts the best integrity available in the crypto world. You put all that together and what you get is the ideal environment for digital transactions and the coin that can deal with them.

That’s why more partners are standing in line to adopt this blockchain and currency to get real-life solutions. Identity authentication through the Neo app is just too comfortable and convenient, superior to most other options.

DBFT technology backs Neo’s transfers besides the Neo blockchain. That makes every operation secure, final, and very fast wherever you are at any time you need them. They’re seamless, and they are positioning Neo as the future’s platform.

Using Neo in real-life

Neo gives you the best of both fiat and digital currencies. When you transact using Neo you get a digital certificate that has legal validity and, as a user, the network’s platform gives you full safety.

Then there’s the identity verification issue which is so crucial in the digital world. Neo does this better than any other platform for both individuals and organizations. Forget about identifications, Neo just needs your fingerprints or your voice, and you’re ready to go.

The programming language also makes everything so much more comfortable so you can make smarts contracts easily. It just makes it so much more straightforward than other platforms.

Neo’s partners

If you should read the list of companies that are already taking Neo, you’d be amazed. Some of the most significant global players are on the list but also some smaller outlets. The Neo network is increasing very quickly and it won’t be too long before your local store a few blocks away will be adopting it.

Just think about these two global firms: Microsoft and Alibaba

Alibaba is taking Neo coins these days as payment and if you know Alibaba you know you can buy just about everything there wherever you are in the world. They call it the Chinese Amazon but, in fact, it’s better because you can’t do wholesale at Amazon but Alibaba specializes in that. Neo is now working with them on a Mail Certification Service so that international logistics are easier and safer.


Microsoft is using Neo to ensure fast and secure access to its products using NEO as payment. These are just two examples. They illustrate how Neo is positioning itself to bring cryptocurrencies into the real-world and change the game. Global business is being reshaped by this technology already in general, and this crypto coin in particular because it’s so readily compatible with so many systems.

Neo’s price has fluctuated a lot over the last year, as it’s happened to most crypto coins. But its resilience has been proven beyond any reasonable doubt, and serious investors love it. It’s the world’s eleventh coin in terms of market capitalization, and it’s currently at $56.41.

And it can only go up once other big players realize how well the technology will work for Alibaba and Microsoft. The coin is expensive compared to Ripple or Tron, but you still should keep an eye on it.

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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 Pxhere.com

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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