Is NEO Something to Hold Onto?

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"China's Ethereum", this is what many are calling the re-branded Antshares, now known as NEO. As a non-profit community-based blockchain, it is similar to Ethereum (ETH) in the way it allows a digital economy to be built upon it. However, it differs in that it cannot be mined and is primarily used as a staking coin for the network. As you hold the coin in your staking wallet or supported exchange, you will be rewarded with GAS, the token used to power the platform. This is a major change from ETH, which has long been mined through a proof of work system.

What this means for buyers

For the potential buyer and long-term holder, there are quite a few things working in their favor. With a fixed supply of 100,000,000 coins, NEO is ensuring that dilution won't occur and as a result driving up demand. An active community has kept the project neat and up-to-date. The website is clean and informative and there is a variety of accessible GUI wallets. The price action has been less volatile than most coins and has a clear upward trend in the long term. Then, of course, you have the benefit of GAS. Working like a dividend, NEO holders can make a substantial profit from simply being patient.

More about GAS

This is probably the greatest benefit for the NEO investor. GAS has been steadily rising in price during the past year's time and isn't showing any signs of dropping. With a nearly 5% yearly dividend, it has a nice draw. Something this dividend coin has on others is it's accessibility. NEO does not require a complicated wallet or unlocked balance to stake and collect dividends, in fact all you have to do is buy it. If you are on a supported exchange you can simply buy your NEO and collect your monthly dividend reward.

To me NEO feels like a blue chip in the crypto world. If the development keeps up and NEO continues on its current trajectory, this could be one of the best holds in 2018 and beyond. Further, if the smart economy concept takes off it could grow exponentially.

If you are interested in determining your approximate GAS dividends, you can use this nifty calculator tool https://neotogas.com/.

You can find NEO on many exchanges. Binance has the largest trading volume by far and it also provides monthly GAS rewards.


Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive Content

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