What is NEO & Where To Trade It

Below is the Best10 Team's choice of the best NEO Brokers & Exchanges available. We have narrowed the selection for you based on security, functionality, instruments, commissions and ease of use.

Best10 selects

Best Provider 2022
  • 27+ million users
  • 24/7 Trading
  • CySEC & FCA Regulated

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Most Popular Choice
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Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3000+ Stocks
$50 Minimum Deposit
Mobile App
  • No.1 trading app in the UK and Germany
  • Regulated by FCA
  • Zero commission stock trading service

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Most Popular Choice
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Your capital is at risk
10K+ Global Stocks
$10 Minimum Deposit
Mobile App
  • Currently unregulated
  • Low trading fees
  • Mobile and desktop apps available
  • Registered in Saint Vincent and the Grenadines

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Most Popular Choice
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Your capital is at risk
All Main Cryptos
$100 Minimum Deposit
Mobile App

What is NEO?

NEO is a 'next-generation smart economy platform'. There is uncertainty over the name, some believe the developing team named the currency either after a popular character in the movie franchise, The Matrix. Others argue that NEO is the Greek word for young - and that is precisely what the crypto token is.The altcoin has also been called 'The Ethereum of China'.

Hype is a by-word for NEO. Its constant inclusion in 'this year's biggest etc.' news articles highlight the possibilities, but a lot of the hype does stand up to scrutiny.

NEO is underpinned by smart contracts. NEO is the true embodiment of contractual law in the digital age. It typifies 'law as code' as a moral and legal foundation within the blockchain technology. NEO's smart contract platform has a range of exclusive functions:

  • Delegated Byzantine Fault Tolerance Algorithm- This is algorithmic move away from proof of work/stake to a more consensus-led mechanism that allows consensus interaction despite malicious intentions.
  • NEO Contracts- This is the mechanism that creates seamlessly scalable, high-performance smart contracts that integrate with diverse codebase environments and ecosystems.
  • NeoQ- Is the cryptography behind NEO smart contracts that utilise a lattice-based formula that create secure solutions that cannot be hacked - even by quantum computing.
  • NeoX- Is an integration tool that allows NEO smart contract technologies to link seamlessly within different blockchain ecosystems.
  • NeoFS- is a decentralised storage hub, with similar antecedents to DropBox, that functions as a blockchain peer-to-peer storage experience.

Why the big fuss?

NEO is a 'managed' crypto token. It isn't 'mined' in the traditional way and is centralised in terms of distribution. People are 'issued' NEO coins without having to undertake any computational problem-solving experience linked to a mining outcome. The NEO platform makes money from sales and controls the infrastructure. In essence, the NEO coin has already been 100 percent pre-mined. This is part of the Smart Contract backbone that offers the 'proof of stake' experience. The first 100 million NEO coins were divided into a public and privately managed portfolio, ran by the NEO council, the team behind NEO.

What can I buy with NEO?

The NEO ecosystem is still in its infancy. The embryonic nature of the development of crypto technology has only just seen market leader Bitcoin become a somewhat accessible crypto token. NEO has a lot of maturing to do in order to match this experience. However, remember this, one Bitcoin (4/28/2021) will cost you $54,350, and a single NEO coin will set you back $92. Perhaps, the question isn't what you can buy with NEO but what you could buy with NEO in the future?

Where can I buy, sell or trade NEO?

We recommend you buy, sell or trade NEO through a trusted broker. Our favourite is at the top of this page.

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