We’re glad to announce the first listings in 2020! This month, we’ll list two cryptocurrencies at once: NEO and GAS, both playing a role in the NEO network. Some call known as the Chinese competitor to Ethereum. NEO is an open-source non-commercial blockchain driven by a community of contributors. Some call it “Chinese Ethereum”. The NEO project actively cooperates with the Chinese government and aims to create a distributed smart economy by automating digital asset management and by using smart contracts.
On CEX.IO, the listing of NEO and GAS will be rolled out in several steps. On January 14, we’ll enable NEO and GAS deposits and launch NEO/USD and GAS/USD trading. Later this month, we’ll add more pairs: NEO/EUR and GAS/EUR on January 17; NEO/GBP and GAS/GBP on January 21. On top of that, both NEO and GAS will be available for instant purchase using Visa and Mastercard.
Stay tuned and prepare for more options in your trading toolkit!
More about the NEO project and its tokens
NEO was launched as AntShares in 2014 and was renamed in June 2017. The smart economy system described by the NEO team consists of digital assets, digital identity, and smart contracts. Users of the NEO platform can digitize, trade, and transfer different assets, including physical ones.
According to the project, all assets on the NEO platform have a verified digital identity protected by law. It follows that Every individual and institutional user of the NEO blockchain has a unique and verifiable digital identity. They also use smart contracts for executing agreements and transactions in the network.
The NEO blockchain has a dual-token system. The NEO cryptocurrency represents ownership of the NEO blockchain. While GAS tokens are used for running apps, executing contracts, and paying dividends to NEO token holders.
According to project data, the NEO network currently counts over 2 million addresses, 500,000+ community members, 100+ dApps, and 300+ technical contributors. The high activity of the project explains the demand for both NEO and GAS tokens.
At the moment of writing, NEO ranks 19th on CoinMarketCap with a market cap of over $700 million. Besides, with a daily trade volume of more than $400 million, NEO is one of the most traded cryptocurrencies. And the GAS token has nearly $10 million market cap and a daily trade volume of more than $2 million.
The founders of NEO, Erik Zhan and Da Hongfei, have also established Onchain. It is a company that provides private blockchain solutions to various enterprises. However, these projects are totally independent. NEO is publicly funded. While Onchain is backed by Fosun International Limited, a Chinese conglomerate.
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Note: Please be informed that NEO and GAS are currently available to all non-US residents only.
Disclaimer: The above content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Please study the asset on your own before making any investment or trading decisions.