4 ms·

Check out r/NEO on reddit and learn on http://neo.org http://neo.org One thing that makes NEO cool is that it generates another coin in it's ecosystem called G

Check out r/NEO on reddit and learn on http://neo.org http://neo.org One thing that makes NEO cool is that it generates another coin in it's ecosystem called GAS which you get for just holding it in your wallet. Make sure you move NEO from an exchange unless you're using Binance (which lets you generate GAS on the exchange) It just hit Top 10 on http://coinmarketcap.com http://coinmarketcap.com yesterday

iDemonix 9y ago
I started reading up on NEO but found it more confusing than the rest! It certainly seems to have made a few early investors some $$$ on Reddit, however.
nosuchthing 9y ago
NEO is backed by Chinese venture capital. Unlike other more open and honest or at least auditable crypto currency systems, NEO aka antshares was 100% premined which is incredibly dubious and indicative that many of the shares were selectively distributed to individual 'whales' who can and will easily dump their holdings.
- companyhen 9y ago
  There is no "premine" -- they were created, locked, and distributed.
  - nosuchthing 9y ago
    Semantics. Premine is a term for cryptocoins where traditionally, the start date of the network is announced after the mining protocol and software is released to the public. When a cryptocoin dev team intentionally takes control of part of the supply of the cryptocoins before releasing the minting protocol/process/supply to the general public then it's considered 'pre-mined' because traditionally as with BTC/LTC/DOGE/etc, the public was informed of the protocol and presumably all users given access to generate the coins as a reward for fueling the network activity. In the case of antshares, the basecoin being %100 premined would almost seem more like a stock in the project as apparently coin ownership is a precursor to generating the secondary token which is used as fuel for the services provided.

iDemonix 9y ago

I started reading up on NEO but found it more confusing than the rest! It certainly seems to have made a few early investors some $$$ on Reddit, however.

nosuchthing 9y ago

NEO is backed by Chinese venture capital. Unlike other more open and honest or at least auditable crypto currency systems, NEO aka antshares was 100% premined which is incredibly dubious and indicative that many of the shares were selectively distributed to individual 'whales' who can and will easily dump their holdings.

companyhen 9y ago
There is no "premine" -- they were created, locked, and distributed.
- nosuchthing 9y ago
  Semantics. Premine is a term for cryptocoins where traditionally, the start date of the network is announced after the mining protocol and software is released to the public. When a cryptocoin dev team intentionally takes control of part of the supply of the cryptocoins before releasing the minting protocol/process/supply to the general public then it's considered 'pre-mined' because traditionally as with BTC/LTC/DOGE/etc, the public was informed of the protocol and presumably all users given access to generate the coins as a reward for fueling the network activity. In the case of antshares, the basecoin being %100 premined would almost seem more like a stock in the project as apparently coin ownership is a precursor to generating the secondary token which is used as fuel for the services provided.