Neo crypto is a software network that serves as a platform for decentralized products and services, which can be built by anyone. It is very similar in essence to Ethereum and is dubbed the “Ethereum of China”. On it, developers can write decentralized applications (dApps) for exchanges, social networks, and prediction markets. Together with that, the Neo network offers a decentralized file storage system, an oracle system, and an identity system.
There are two neo coins on its blockchain, NEO, which is used to vote on protocol changes, and GAS, which is used to pay for computation on the network.
Each NEO asset can be staked to represent a vote. Thus, all owners can vote for consensus nodes and for proposing or adding new blocks to the Neo blockchain.
How To Buy NEO or Add it to your strategy
The fastest, most convenient way to purchase NEO is to purchase it on ICONOMI. We check NEO live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy NEO by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if NEO is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy NEO, we recommend you read the next section, as copying might be a better approach.
Add NEO to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have NEO in their structure.