What is NEO?
NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. Often called 'Chinese Ethereum,' NEO was founded in 2014 by Da Hongfei and Erik Zhang as AntShares before rebranding in 2017.
NEO uses a dual-token model: NEO for governance and GAS for transaction fees. NEO upgraded to N3, its third major version, featuring native oracle support, decentralized storage, and a built-in name service.
The platform supports multiple programming languages including C#, Python, Go, and JavaScript, making it more accessible to traditional developers compared to Solidity-only blockchains.
NEO Tokenomics
NEO has a fixed supply of 100 million tokens and is indivisible (the minimum unit is 1 NEO). Holding NEO generates GAS tokens, which are used to pay for smart contract execution and transactions on the network.
NEO Historical Price Performance
NEO surged from its AntShares ICO price of $0.032 to nearly $197 in January 2018 during the ICO boom — a 6,000x return. The rebrand from AntShares to NEO in June 2017 coincided with massive Chinese crypto market interest.
Frequently Asked Questions
NEO earned this nickname because it was China's first major smart contract platform, founded in Shanghai in 2014. Like Ethereum, it supports dApps and smart contracts.
GAS is the utility token generated by holding NEO. It's used to pay for smart contract deployment and execution, transaction fees, and other network operations.
Yes, NEO is unique among major cryptocurrencies in being indivisible. You cannot hold 0.5 NEO — the minimum amount is 1 NEO. GAS, however, is divisible to 8 decimal places.
NEO N3 is the third major version of the NEO blockchain, launched in 2021. It features native oracle support, decentralized file storage (NeoFS), and NEO Name Service for domain resolution.
Why is NEO called Chinese Ethereum?
NEO earned this nickname because it was China's first major smart contract platform, founded in Shanghai in 2014. Like Ethereum, it supports dApps and smart contracts.
What is GAS on NEO?
GAS is the utility token generated by holding NEO. It's used to pay for smart contract deployment and execution, transaction fees, and other network operations.
Is NEO indivisible?
Yes, NEO is unique among major cryptocurrencies in being indivisible. You cannot hold 0.5 NEO — the minimum amount is 1 NEO. GAS, however, is divisible to 8 decimal places.
What is NEO N3?
NEO N3 is the third major version of the NEO blockchain, launched in 2021. It features native oracle support, decentralized file storage (NeoFS), and NEO Name Service for domain resolution.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.