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RE: RISE Snapshot Date Released - First Airdrop Snapshot January 31st!
It's similar in that aspect, yes. The difference is that you have to vote for a delegate. Delegates do the forging and verifying transactions like proof of stake. The difference between proof of stake and delegated proof of stake is that with delegate voting you don't have to leave your wallet open and running.
NEO is one of my favorites but the returns are pretty small compared to DPOS coins like Ark and Rise.
I didn't know there were so many coins that worked this way. I only learnt about masternodes the other day. If you get in on one of those early the returns are crazy.