NEO wirex 12 days of christmas

SHARE
← Back to articles
SHARE

On the 6th day of Christmas, Satoshi gave to me… NEO!

December 17, 2017 9:00 am Published by

So you’re back to learn more about the top trending cryptos?

You’re in the right place. We’re half-way through the 12 days of Crypto, a series designed to get you talking about all the popular coins at your Christmas dinner party.

Hopefully, by now you have enough conversation starters, but if you can talk for hours on end about crypto like our community manager, Raph, we’ve got plenty more.

On the 6th day… the grandfather of Cryptocurrency and creator of Bitcoin has gifted us with NEO.

What is NEO?

Neo, previously known as Antshares is commonly referred to as the Ethereum platform of China. The platform is looking to create a smart ecosystem, through the use of smart contracts and decentralised applications.

More facts about NEO

  • Founded in 2014. Genesis date: October 17, 2016.
  • Circulating Supply: 65 million
  • Total Supply: 100 million
  • Current Market Cap: $2.31 billion USD
  • Key team Members: DA Hongfei- CEO & Founder

The Price

At the beginning of 2017, NEO started at $0.14 US dollars.

Today we’re at over $41 USD

That’s around a 29,500% return on your investment in the year!

 

NEO price chart Dec 14th

Source: Coin Market Cap

Why the hype?

While Ethereum is the powerhouse, blockchain platform of the West, NEO is seen as the leader of the smart contract platforms in the East.

Neo takes a slightly different approach, though. In theory it can handle up to 10,000 transactions per second compared to Ethereum’s 30. The differences don’t end there; Neo’s smart contracts and decentralised applications can be written in existing programming languages C+, Java and in future, Python and GO, where developers on Ethereum need to learn a new programming language called Solidity.

In any case, ‘Smart contracts’ has been the buzz word of the year. Marry this up with the biggest economy of the world, China and you have a one-way ticket on the hype train.

 NEO #toTheMoon

Fun fact

Neo, when it was known as Antshares, had (in our regretful opinion) branding issues and a not-so-serious looking website. Our team members noticed the cryptocurrency when it was in the cents but had no sense to invest in it at the time!

 

AntShares - the original NEO branding

Buy, Store & Spend NEO with Wirex

Did you know you can spend your NEO (and other altcoins) with the Wirex app?

Although Wirex does not yet have NEO Wallet Integration, you can still deposit NEO into your Bitcoin wallet (we’ve integrated with Shapeshift), making it ready to spend via your Wirex card.

It’s just a few taps away. If you’re new to Wirex, it’s free to sign up.

As always, we encourage the Wirex community to develop a strong understanding of projects before investing (don’t succumb to FOMO!). Let us know what you think about NEO in the community forum below.

How Singapore is becoming a crypto-hub

When it comes to cryptocurrency adoption, the Asia-Pacific region is way ahead of the curve. The likes of South Korea, Hong Kong, China and Japan were early adopters of crypto and blockchain technology; now, Singapore is quickly emerging as a world leader in the mainstream adoption of digital currency. Regulatory Stance The Monetary Authority of… View Article

ICO image
Why Wirex is not an ICO

Initial Coin Offerings (ICOs) have received a lot of press but not always for the best reasons. Experts estimate that over 80% of ICOs have fraudulent intentions. Unfortunately many people tend to associate any company that works in the crypto space with ICOs, and this may have a negative effect on the entire industry. So,… View Article

Where crypto fits in the land of the free

How does crypto feature in The Land of the Free? From Bitcoin’s inception to the present day, the United States has been a key player in the spread and success of cryptocurrency and its associated technology. With this in mind, it was only right that Wirex should have a presence across the pond. Following the… View Article

Crypto in Canada

Canada is a significant player in the global cryptocurrency market. Although the UK and US are marginally ahead in the rankings for traditional blockchain adoption, Canada leads the way in Ethereum blockchain technology. This can be attributed in-part to Vitalik Buterin, the prodigious Russian-Canadian programmer who founded Ethereum. Buterin, energy and the crypto miners Buterin… View Article