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Author Topic: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10  (Read 163600 times)
JeremyB
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August 14, 2017, 10:29:28 AM
 #521

So how far do you guys think we are from actual ICOs start happening on NEO network? What is their current state of development? I read the paper and went through their website but I think I missed some info on what are they doing with NEO at this very moment?

Also what do you think is the main reason for the price surge in last 2 days? I woke up yesterday and price almost doubled over night lol  Grin

This is the first ICO launching:

https://www.reddit.com/r/NEO/comments/6se0iv/first_ico_on_neo_blockchain/

Thanks for this information!
May be valuable to spend some neo on it. 1st NEO ICO might be good  Wink

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August 14, 2017, 10:32:45 AM
 #522

This coin has grown too much in such a short time, it is very scary to get in now...

That's what everybody said about ETH when it was $50, I expect NEO to match or exceed ETH at some in the coming months to a year. Also consider ETH has a circulating supply of 93M while NEO only has a 50M circulating supply, so it may go significantly higher than ETH. Wait till the ICO's start rolling out on NEO and these prices will look cheap IMO.
Let have some ratios so that we can roughly gauge the price.
1. baidu/google stock market capitalization
2. tencent / facebook stock market capitalization
3. no of full time developer (NEOS = 6)/ ETH developer.
4. youku revenue vs youtube revenue any other indicators are welcome.

Now NEOS maket cap vs Eth market cap = 2.6/28 (roughly 10%)
I expect the max it can be up to 50% ETH price but I think it will crash first before reaching newer height.
just my 2 cents


It could crash, or it may consolidate in the 40 - 60 range for a bit, but there is obviously much demand for this coin. Most alts are in bearish or standing still period while NEO keeps showing great strength. A consolidation phase would be healthy.
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August 14, 2017, 10:43:16 AM
 #523

So how far do you guys think we are from actual ICOs start happening on NEO network? What is their current state of development? I read the paper and went through their website but I think I missed some info on what are they doing with NEO at this very moment?

Also what do you think is the main reason for the price surge in last 2 days? I woke up yesterday and price almost doubled over night lol  Grin

The first two NEO ICOs are Red Pulse and ALIS Media. The City of Zion team is working on porting various dAPPs from the Ethereum platform onto NEO (among other matters). The NEO core developers are working on providing support for more programming languages for the NEO platform, so that it will become increasingly easy to deploy dAPPs onto NEO. I believe the NEO course on how to create smart contracts is also being translated from Chinese into English. Personally I hope the next international visit of Da Hongfei and Eric Zhang will be to South Korea and after that Singapore would seem like a good location to me. Elastos will develop an operating system on which NEO can run securely (which negates hacking, phishing and other security threats). The NEO's team primary focus at the moment is the development of its ecology and in that ecology developers play a most important role. NEO will also be listed on 2 of the 3 main exchanges in Japan (might be near the end of September), an Indian exchange just added NEO and a lot of other exchanges across the globe will want to add it now that it is a top 10 blockchain with massive volume ($523 million in the last 24 hours). The NEO team is also working on decentralising the network more, but I believe the support for more programming languages takes precedence for now. New NEO wallets are also in development including hardware wallets.

The reason for the price surge is that NEO is a first class platform and people start to realise that NEO can easily solve various issues that most other blockchains struggle with such as Bitcoin and Ethereum. It has a proper concensum mechanism, supports a broad array of programming languages, will have the ability for cross-chain integration, will become proof against quantum computing, can reach thousand transactions per second now and in optimised state even 10,000, whilst Bitcoin and Ethereum will have to compromise on security to reach a fraction of that and NEO is by far the most energy efficient blockchain. Besides that NEO will enjoy far greater support in China than any other blockchain which is quickly becoming the greatest economic powerhouse in the world which will only be further enhanced by the NEO blockchain. I found the following SAP article rather insightful on the future of blockchain technology: https://www.sap.com/trends/blockchain.html#solutions

According to SAP 10% of the value of the GDP will be stored on blockchain by 2027.

In the beginning of March 2017 Ethereum had a market cap similar to what NEO now has, so personally I would not underestimate how quickly the further deployment of the NEO blockchain can take place and as more experience has been acquired along the way, the potential could be there to do this even quicker now. From what I have seen the founders of NEO will however not compromise the quality of the blockchain for speed. They genuinely want to create the best smart economy platform the world has ever seen (although they are too humble to state it like that).
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August 14, 2017, 11:40:10 AM
 #524

So how far do you guys think we are from actual ICOs start happening on NEO network? What is their current state of development? I read the paper and went through their website but I think I missed some info on what are they doing with NEO at this very moment?

Also what do you think is the main reason for the price surge in last 2 days? I woke up yesterday and price almost doubled over night lol  Grin

The first two NEO ICOs are Red Pulse and ALIS Media. The City of Zion team is working on porting various dAPPs from the Ethereum platform onto NEO (among other matters). The NEO core developers are working on providing support for more programming languages for the NEO platform, so that it will become increasingly easy to deploy dAPPs onto NEO. I believe the NEO course on how to create smart contracts is also being translated from Chinese into English. Personally I hope the next international visit of Da Hongfei and Eric Zhang will be to South Korea and after that Singapore would seem like a good location to me. Elastos will develop an operating system on which NEO can run securely (which negates hacking, phishing and other security threats). The NEO's team primary focus at the moment is the development of its ecology and in that ecology developers play a most important role. NEO will also be listed on 2 of the 3 main exchanges in Japan (might be near the end of September), an Indian exchange just added NEO and a lot of other exchanges across the globe will want to add it now that it is a top 10 blockchain with massive volume ($523 million in the last 24 hours). The NEO team is also working on decentralising the network more, but I believe the support for more programming languages takes precedence for now. New NEO wallets are also in development including hardware wallets.

The reason for the price surge is that NEO is a first class platform and people start to realise that NEO can easily solve various issues that most other blockchains struggle with such as Bitcoin and Ethereum. It has a proper concensum mechanism, supports a broad array of programming languages, will have the ability for cross-chain integration, will become proof against quantum computing, can reach thousand transactions per second now and in optimised state even 10,000, whilst Bitcoin and Ethereum will have to compromise on security to reach a fraction of that and NEO is by far the most energy efficient blockchain. Besides that NEO will enjoy far greater support in China than any other blockchain which is quickly becoming the greatest economic powerhouse in the world which will only be further enhanced by the NEO blockchain. I found the following SAP article rather insightful on the future of blockchain technology: https://www.sap.com/trends/blockchain.html#solutions

According to SAP 10% of the value of the GDP will be stored on blockchain by 2027.

In the beginning of March 2017 Ethereum had a market cap similar to what NEO now has, so personally I would not underestimate how quickly the further deployment of the NEO blockchain can take place and as more experience has been acquired along the way, the potential could be there to do this even quicker now. From what I have seen the founders of NEO will however not compromise the quality of the blockchain for speed. They genuinely want to create the best smart economy platform the world has ever seen (although they are too humble to state it like that).

Thanks for your post Ashara, really informative. I strongly believe in neo future too.

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August 14, 2017, 12:26:22 PM
 #525

Which announcements happened yesterday,price increased massivly.
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August 14, 2017, 12:29:03 PM
 #526

MyNeoWallet is NEO AND GAS Online web Wallet!  old style! https://www.myneowallet.io
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August 14, 2017, 12:53:18 PM
 #527

MyNeoWallet is NEO AND GAS Online web Wallet!  old style! https://www.myneowallet.io
Scam,wallet is not endorsed or verified by either CoZ or the NEO core team.
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August 14, 2017, 12:55:52 PM
 #528


Can NEO Become The Largest Cryptocurrency in the World? – HuffPost
Posted on August 12, 2017   

Cryptocurrencies are the talk of the town these days, and investors and programmers around the world are searching for systems that will provide the greatest level of support and return. One such currency, NEO, has the makings of the largest and most important cryptocurrency in the world.

The cryptocurrencies that most people are familiar with are Bitcoin and Ethereum. Bitcoin has been in the news because of the recent fork in the currency, resulting in Bitcoin Cash. However, the blockchain that Bitcoin is supported by is limited in its effectiveness for creating and running programs. In fact, only currencies and not programs are not possible on the Bitcoin blockchain.

Ethereum was invented four years ago as a way to both monetize the blockchain and allow for programmers to build apps and programs on the chain itself. Ethereum is both a cryptocurrency (ETH) and a blockchain that allows for smart contracts and some programming languages. Built by Vitalik Buterin, Ethereum still retains the anti-establishmentarianism of Bitcoin, while allowing for more programming and transaction applications.

NEO is the new name for the upgraded version of Antshares, a digital platform developed in China. NEO is a radically different and more powerful version of Antshares and presents massive opportunity for investors and programmers alike.

To begin with, NEO creates a unique digital economy around its token. NEO is a full integration of digital assets, digital identity, and smart contracts, creating a fully digitized economy that will be transparent and safe, and make money laundering and underground dealings difficult or impossible. Because of the ability of the new NEO blockchain system, companies and developers will be seeking to use NEO for various applications. The proliferation of smart contracts will make investment on the NEO platform simple and safe.

Second, NEO is unique among blockchain cryptocurrencies because of the versatility of the blockchain it is based on. Unlike Bitcoin, which only allows for the cryptocurrencies and no programming, NEO is very simple to learn and understand (unlike Ethereum), and has the ability to work with nearly every (90%) programming language available. NEO uses compilers compatible with Java, C#, and .NET, and will support Python, Go, and others in the near future. Unlike Ethereum, this diversity allows for a far more complex array of programs and apps that can be run on the NEO blockchain, and opens doors for extensive partnerships. With ease of learning and robust compatibility, NEO is poised to overtake Ethereum and others as the blockchain of choice.

Third, NEO is different philosophically. Rather than seeking simple rejection of the overall control of governments, NEO is designed to work within the framework of existing government control, while still providing freedom and autonomy to its users. This is a far more realistic perspective than the anti-government rhetoric of other blockchains, and will result in far greater investment and acceptance.

Fourth, NEO is not based on a proof-of-work mechanism, and so there is no mining necessary. This has been a huge detriment to both Bitcoin and ETH, as mining is so energy intensive and public opinion is turning against miners and the blockchain systems they support. NEO utilizes an ether-gas system for production and continuation, but protects the environment against over consumption of energy.

NEO, though relatively new, has already entered the top ten list of cryptocurrencies based on overall market cap. While this may seem like a small feat, a newer coin that has been recently released never enters the top ten in this way. NEO has had an explosive beginning as a cryptocurrency.

The future for NEO is bright, as the world begins to understand the complexity and simple elegance that is built into the NEO blockchain system. NEO will continue to gain market share (as already evidenced), and may surpass even Bitcoin in terms of its market share. As companies, investment firms, programmers and others realize the power and versatility of NEO, it may well grow to be the largest cryptocurrency in the world. Its design and features have positioned NEO to be massively successful in the coming years.
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August 14, 2017, 02:27:53 PM
 #529

MyNeoWallet is NEO AND GAS Online web Wallet!  old style! https://www.myneowallet.io
Scam,wallet is not endorsed or verified by either CoZ or the NEO core team.

Indeed the most important rule for NEO security is to trust no one when downloading your NEO wallet and therefore only download it from the official NEO website or from the official NEO Reddit wallet list on the right side of the page (which is not visible on mobile phones). Also never download any random programs from random individuals on cryptocurrency forums as they could contain keyloggers. Ensure you have a proper virus scanner (could be Avast or Avira) and a program against malware such as for example MalwareBytes. In case anyone accidentally downloaded such a program, ensure you have neutralised the threat before logging into your wallet (if you intend to login at all). Personally I do not even store my wallet file on the computer, but instead have paper copies of the private keys and storage of the .db3 wallet file on external storage devices located in most secure locations. I only check my balance via NEO blockchain explorers. For anyone who plans to hold long term something like this might be one of the better options besides hardware wallets (which is in development).  
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August 14, 2017, 03:40:35 PM
 #530

can anyone share updated / valid invite link for slack please.

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August 14, 2017, 03:43:44 PM
 #531

can anyone share updated / valid invite link for slack please.

I believe this one should work: https://neosmarteconomy.slack.com/join/shared_invite/MjIyOTc2OTU4NDk3LTE1MDIxNzE2NTctZTE1Mjg5ZWE3Yw

You can find many, many useful and verified NEO links at the official NEO Reddit (all located on the right hand side when not on mobile phone): https://www.reddit.com/r/NEO/
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August 14, 2017, 05:28:44 PM
 #532

Seeing a lot of hate in this thread. I think we got a lot of salty people who didn't get in early enough to make any real gains  Cheesy  Grin

it's not about hate, yes you can make money for sure, since a lot of people know nothing about technology or Blockchain..

you can even make money through a ponzi scheme.. that does not means ponzi scheme is a good thing!

what i want to say is it's huge manipulation and huge fake volume.


Gonna have to agree to disagree. If you don't like NEO then don't post on the thread unless you have a real critique. Volume and the hype is not fake. Calling something a ponzi scheme because it is starting to take off doesn't mean everything is. Not every coin is a chaincoin type of deal
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August 14, 2017, 06:04:34 PM
 #533

Seeing a lot of hate in this thread. I think we got a lot of salty people who didn't get in early enough to make any real gains  Cheesy  Grin

it's not about hate, yes you can make money for sure, since a lot of people know nothing about technology or Blockchain..

you can even make money through a ponzi scheme.. that does not means ponzi scheme is a good thing!

what i want to say is it's huge manipulation and huge fake volume.


Gonna have to agree to disagree. If you don't like NEO then don't post on the thread unless you have a real critique. Volume and the hype is not fake. Calling something a ponzi scheme because it is starting to take off doesn't mean everything. Not every coin is a chaincoin type of deal

word.
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August 14, 2017, 08:32:38 PM
 #534

can anyone share updated / valid invite link for slack please.

I believe this one should work: https://neosmarteconomy.slack.com/join/shared_invite/MjIyOTc2OTU4NDk3LTE1MDIxNzE2NTctZTE1Mjg5ZWE3Yw

You can find many, many useful and verified NEO links at the official NEO Reddit (all located on the right hand side when not on mobile phone): https://www.reddit.com/r/NEO/

Does anyone know anywhere I can find official support for NEO? I had invested in the ICO and hadn't claimed my ICO tokens, I just claimed them 4 days ago. In the website, it says that tokens should be sent to my address within 1 week. Anybody knows when this is happening? Or else I'll just have to wait! Smiley


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August 14, 2017, 08:52:41 PM
 #535

Anyone know China project like this NEO? ICO I mean... with own blockchain
I want to invest in similar ptoject  Roll Eyes

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PowerHemp
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August 14, 2017, 09:49:44 PM
 #536

lets see if gas will reach now 0.01 and hold it Smiley

edit: wow someone just bought gas for 80btc+ at one hit :O

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Burchak
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August 14, 2017, 11:04:52 PM
 #537

Strange. where is post from Huffington? it disappeared really quickly!
http://www.huffingtonpost.com/entry/can-neo-become-the-largest-cryptocurrency-in-the-world_us_598cd1cee4b0caa1687a5eca
nomad13666
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August 14, 2017, 11:15:53 PM
 #538


I think this is the NEO article that Huffington Post removed.

https://www.euvolution.com/futurist-transhuman-news-blog/cryptocurrency-2/can-neo-become-the-largest-cryptocurrency-in-the-world-huffpost.php
ddonics
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August 14, 2017, 11:22:06 PM
 #539

So how far do you guys think we are from actual ICOs start happening on NEO network? What is their current state of development? I read the paper and went through their website but I think I missed some info on what are they doing with NEO at this very moment?

Also what do you think is the main reason for the price surge in last 2 days? I woke up yesterday and price almost doubled over night lol  Grin

The first two NEO ICOs are Red Pulse and ALIS Media. The City of Zion team is working on porting various dAPPs from the Ethereum platform onto NEO (among other matters). The NEO core developers are working on providing support for more programming languages for the NEO platform, so that it will become increasingly easy to deploy dAPPs onto NEO. I believe the NEO course on how to create smart contracts is also being translated from Chinese into English. Personally I hope the next international visit of Da Hongfei and Eric Zhang will be to South Korea and after that Singapore would seem like a good location to me. Elastos will develop an operating system on which NEO can run securely (which negates hacking, phishing and other security threats). The NEO's team primary focus at the moment is the development of its ecology and in that ecology developers play a most important role. NEO will also be listed on 2 of the 3 main exchanges in Japan (might be near the end of September), an Indian exchange just added NEO and a lot of other exchanges across the globe will want to add it now that it is a top 10 blockchain with massive volume ($523 million in the last 24 hours). The NEO team is also working on decentralising the network more, but I believe the support for more programming languages takes precedence for now. New NEO wallets are also in development including hardware wallets.

The reason for the price surge is that NEO is a first class platform and people start to realise that NEO can easily solve various issues that most other blockchains struggle with such as Bitcoin and Ethereum. It has a proper concensum mechanism, supports a broad array of programming languages, will have the ability for cross-chain integration, will become proof against quantum computing, can reach thousand transactions per second now and in optimised state even 10,000, whilst Bitcoin and Ethereum will have to compromise on security to reach a fraction of that and NEO is by far the most energy efficient blockchain. Besides that NEO will enjoy far greater support in China than any other blockchain which is quickly becoming the greatest economic powerhouse in the world which will only be further enhanced by the NEO blockchain. I found the following SAP article rather insightful on the future of blockchain technology: https://www.sap.com/trends/blockchain.html#solutions

According to SAP 10% of the value of the GDP will be stored on blockchain by 2027.

In the beginning of March 2017 Ethereum had a market cap similar to what NEO now has, so personally I would not underestimate how quickly the further deployment of the NEO blockchain can take place and as more experience has been acquired along the way, the potential could be there to do this even quicker now. From what I have seen the founders of NEO will however not compromise the quality of the blockchain for speed. They genuinely want to create the best smart economy platform the world has ever seen (although they are too humble to state it like that).


If I am holding NEO on an exchange, will it be possible for me to buy Red Pulse (RPX) pre sale tokens during the pre sale on August 20th? Does anyone have an idea of how this will work?
Ashara
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August 14, 2017, 11:27:00 PM
 #540


Does anyone know anywhere I can find official support for NEO? I had invested in the ICO and hadn't claimed my ICO tokens, I just claimed them 4 days ago. In the website, it says that tokens should be sent to my address within 1 week. Anybody knows when this is happening? Or else I'll just have to wait! Smiley

From what I have seen when your NEO has been sent they often do not show up unless you select the 'Rebuild index' option in your wallet. At least that is what worked for two other NEO/Antshares ICO investors.

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If I am holding NEO on an exchange, will it be possible for me to buy Red Pulse (RPX) pre sale tokens during the pre sale on August 20th? Does anyone have an idea of how this will work?

I personally do not see why that would be a problem. I think the only requirement for participation in any ICO is to make a payment to a specific wallet address (belonging to Red Pulse in this case) and you probably have to provide some personal details. Making that payment from your exchange address should be about just as easy as doing it from your wallet, so you should be fine. Just keep in mind that Bittrex has outgoing transfer fees, so in case you decide to transfer from Bittrex you have to add those fees to the total as otherwise less NEO will arrive at the Red Pulse wallet. At the moment Bittrex charges 0.1 NEO for sending them to another wallet, whilst Binance charges no transfer fees or transaction fees till at least the 24th of August.

Correction: I just noticed that Bittrex states the following when withdrawing funds: "Do not withdrawal directly to a crowdfund or ICO. We will not credit your account with tokens from that sale." So it appears that using funds directly from an exchange for an ICO might not necessarily work. This might possibly be a thing specific to Bittrex as I do not notice Binance mentioning the same when withdrawing funds, but you might want to be safe rather than sorry. In any case holding NEO in your own wallet will always generate GAS (which is worth quite a lot at the moment).
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