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NEO Wallets: 4 top-notch wallets to store your digital coins

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NEO Wallets

NEO is a cryptocurrency that makes use of a blockchain technology and this technology is commonly referred to as “smart contracts.” However, it is essential to know that these smart contracts are personalized blockchains that help to reduce the need for middlemen in daily transactions. This implies that with smart contracts, you can execute your daily transactions without needing the consent of a middleman, with this, additional charges can be avoided.

Due to the fact that NEO makes use of an up-to-date blockchain technology that permits the decentralization of smart contracts and assets, transparency and precision are now added to daily transactions. With all these in mind, NEO company is much prudent to make sure that its systems meet up to the required standards of its users. NEO project ensures that security is measured-up and meets the industrial standards.

It is also important to keep in mind that there is a ‘big’ difference between smart contracts used by other cryptocurrencies and NEO. Using Ethereum as an example, 15 transactions per second can be executed by this cryptocurrency. On the other hand, NEO surpasses this rate by executing more than a thousand transaction per second.

That is due to the fact that it makes use of the Delegated Byzantine Fault Tolerance device to execute more significant transactions with the speed of light. NEO is thriving well in the crypto-world today, and with its USD 36 billion market cap and $56 per coin as its current market value, it is showing no signs of slowing down.

However, it is expected that the current value of NEO should increase this year and this crypto-coin is attracting lots of investors every day.

Right now, if you are looking for ways to store your cryptos online and never on an exchange, you may actually choose to store them in a crypto-wallet. In this article, we will take a detailed look at the best cryptocurrency wallets that NEO has to save your value cryptos.

Best NEO Wallets

There are lots of crypto-wallets available today and some of them, do not support NEO. But you need to know that top-notch wallets in the market today will definitely support NEO and GAS. Confused on what GAS is? Well, GAS are tokens but they are usually little in market value, and it has a passive income description.

When you make use of official wallets, these wallets can pay shares in the form of GAS tokens and these tokens can be distributed to NEO users. It is vital to take note of these coins innately, because they can be used to pay for day-to-day transactions.

Well, maximum security is what you are looking out for to protect your crypto-coins then we advise that you use hardware wallets because they provide the best form of protection for digital coins. In the market today approximately 35% crypto traders select hardware wallets. Without much ado, here are some of the best NEO wallets in the market today.

NEON Wallet

One of the best digital NEO wallets is NEON. Even though it is a desktop wallet, it can provide you a certain level of security for your cryptos – although not optimum. This digital wallet backs NEO and GAS tokens.

With NEON wallet, a user can claim any automatically generated by GAS token when they have NEO cryptos in their wallet. Individuals who want to use of NEON wallet should know that private keys are never stored online on its servers. This desktop wallet is compatible with Windows, Linux and Mac platforms.

Ledger Nano S 

Ledger Nano S is one wallet that is less-expensive but still gives you good security for your digital coins. It can be purchased at USD 95. It looks more like a flash drive, and it has a 4-digit password option that comes every time before it’s been operated – this makes it less likely to be hacked by anyone.

It also has a physically verified option on its screen. You also need to know that Ledger Nano S makes use of powerful second-factor authentication and FIDO (Fast Identity Online) on any website. The second-factor authentication is a verification process that requires more than one confirmation before access.

Another vital importance is that Ledger Nano S supports most second-generation cryptocurrencies like Ripple, Bitcoin, NEO, and Litecoin.

NEO GUI Wallet

NEO group developed this wallet themselves, and it is a desktop wallet used to keep cryptocurrencies. However, it is officially NEO’s wallet, and it supports GAS and NEO tokens, that is, GAS tokens can be claimed by NEO users that have NEO tokens in their wallet. One notable feature is that must be noted is that NEO GUI wallet only supports Window 7 and above platform.

O3 Wallet

The O3 Wallet is a distinct type of wallet that can be used when always connected to the internet. However, this wallet supports Android and IOS platforms as against the others listed in this article. In this wallet, private keys are kept in private keychains to secure digital coins. But they have been some reported cases that the private keys can be manipulated.

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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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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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