I've talked about NEO before in Alt-News #5 back when it was rebranding from Antshares and the price was hovering between 5 and 8 USD each. NEO is one of the first chinese Open-Source projects and is about to get a lot more projects within it going soon. Similar to how many other blockchain's are creating other projects within it, Ethereum and their ERC20 tokens, Steem and their SMT's, same thing is starting to happen with NEO.
Before we get started I want to make sure that the readers are aware that this is not investment advice and the risk involved in cryptocurrencies is as high as the volatility. Never invest money you can't afford to lose, this can't be stressed enough.
Having said that, I think NEO would be a good medium/long-term investment and in this post I will describe why I believe so. This post has not been sponsored. For disclosure I am a shareholder of the token.
After the last China scare regulating exchanges and banning ICO's, etc, many seem to have moved away from their markets. As we know China though they often prefer to create their own tokens and brands instead such as NEO and YOYOW and I'm sure there will be more popping up soon but in a more regulated manner which is good for the safety of investors.
Here are some promising projects that are being built on top of NEO
Red Pulse
Red Pulse recently finished its ICO and is the first token to be created for NEO. Their goal is to power a brand new content production, distribution, and consumption platform focused initially on China’s capital markets. Their vision is to grow the current services into a direct-incentivization ecosystem facilitated by the RPX token, creating a network that connects supply and demand for financial information powered by state of the art blockchain technology.
Link to their website for more information.
NEX
NEX is a platform for complex decentralized cryptographic trade and payment service creation. It combines the NEO blockchain with an off-chain matching engine to enable much faster and more complex trades than existing decentralized exchanges.
The image from their website if you want to read more and here is a pdf link to their whitepaper.
The token sale is yet to be announced.
Elastos
NEO will make itself compatible with Elastos, and Elastos will also support NEOVM, and allow the writing of smart contracts with established languages, such as C# and Java. Elastos will be an OS for the Blockchain, and NEO can help developers quickly create Blockchain applications. The combination of the two could connect different developers from around the world, forming a strong ecosystem for application development―all to better serve a Smart Economy.
Link to website for more information and to their whitepaper in pdf.
Qlink
Qlink really caught my attention, a decentralized mobile network, which is dedicated to
constructing an open-source telecom infrastructure on blockchain. The pre-sale started on the 28th November and the Crowdsale is yet to be announced.
Their Roadmap is worth checking out and here is link to their english whitepaper.
If you are interested to hear about more DAPPS created on top of NEO go to this website to learn more.
NEO is valued at 35 USD as of writing with a max supply at 65 million tokens. This comment is for future reference.
What are your thoughts on NEO and the upcoming projects that are going to be built on top of it?
