Neo, Ethereum of China is at the bottom! Are you buying!? Everything you need to know about Neo and Gas!
Ethereum of China
The Neo is often reputed as the ethereum of China. When China name is on it, we know that there is a driver! I am surprised that Neo, an alternate coin with so much potential has so little discussion on steemit! See the links below if you are interested in the discussion on Neo so far.
@manishmike10 Neo and the benefits of holding it -gas!
@deaf-null Why i am buying neo gas antcoins instead of neo antshares
Holding it generates dividends!
An advantage of holding neo is that it generates dividends in the form of gas. From neotogas, you can see how much gas you can get by holding Neo.
Previously, there was only 1 option of holding Neo and it was in the Neon wallet. But now Binance has announced that they are giving out Gas to Neo hodlers monthly. And this is great! I don't know how you guys think but sometimes sending coins from wallet to exchange and vice versa can be a nerve wrecking process! So I find it more convenient to reduce such hassle as I can now own gas and also trade gas at the same platform. You can check out how Binance distributes gas here. However, we know holding it in an exchange has its risks so totally up to you on which option is better for yourself! You can also buy Neo at bittrex but currently as it seems, bittrex does not distribute gas and it seems more expensive to buy Neo at bittrex. Bitfinex has also recently listed Neo! Have a look here at the exchanges listing Neo.
Cheap price now!
The ICO ban in China has proved that Neo is the most reputable and "legal" coin in the eyes of the chinese government! The price peaked after the rebranding and the price went down after the chinese government announced the ban on ICOs. It was such a jolly purchase for myself!
Not to forget gas coins which are freebies for holding Neo and also trade-able!
Useful links on Neo
Disclaimer: This post is mainly for sharing and information, and not to forget, all speculate, speculate, speculate . Please research more before making any trades!
The Blockchain is a great technology and for the time being we can expect that emergent nature of the community will overcome all the bans, governments and restrictions and to continuously change technology on its way.
Having said this it's very difficult to bet on the right crypto, which one will be the one that will solve the specific issue of the moment?
My suggestion would be to:
For those interested I wrote a post on the gains from diversification.
CryptoPortfolio - Simple trick to increase returns by 8% per year
very useful post. Please follow and upvote me.I really need help growing on steemit.
Yay, thanks for the overview.
You guy, don't forget to commit to the Neo StackExchange proposal!
https://steemit.com/programming/@qed/participate-in-the-smartcontract-competition-on-neo