| NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10

[denam]

They also raised money back in 2014 using clearly ICO for Antshare. I don't know how they will not have any impact of People's bank of China. I am also double minded now and have sold out large portion of my NEO tokens already. I have kept some portion in case things looks good and can be fixed somehow to not regret later. I have secured my investment to be honest.

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[Ryuh]

My only regret with NEO is that atm i dont have more money to buy more NEO!
I bought it at 8$ and i added at 15$, at 20$ and at 36$. Now the price is so good that is just a steal. I'll continue to add NEO's untill i can.
After everything get regulated(AS IT SHOULD BE) it will skyrocket in value.
Scammy ICO's will ruin the confidence in investors and nobody needs that.

The tech behind NEO it is simply outstanding and this thing will dominate the blockchain world.

[yugu]

The tech behind NEO it is simply outstanding and this thing will dominate the blockchain world.

Could you be more specific?
What makes it better than competitors?

[Winner88]

Can you stake $NEO if you have less than a fullnode worth? If so, whats the Payout?

[Ashara]

The official NEO Council update: https://www.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

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Can you stake $NEO if you have less than a fullnode worth? If so, whats the Payout?

You can generate GAS by merely holding NEO in your own wallet or by holding it at Binance (once a month in the latter case). The current payout of GAS can be viewed at (this is subject to various factors, many of which are also outlined in the whitepaper): https://neotogas.com/

Holding a node can later on generate some additional fees to compensate running costs, but at the moment all is free and there are no transaction costs on the network.

[Alphi]

They also raised money back in 2014 using clearly ICO for Antshare. I don't know how they will not have any impact of People's bank of China. I am also double minded now and have sold out large portion of my NEO tokens already. I have kept some portion in case things looks good and can be fixed somehow to not regret later. I have secured my investment to be honest.

The most immediate threat to NEO and other ICO tokens is delisting from Chinese exchanges, if this happens then it will significantly reduce the trade volume.

This is apparently a direct translation from the Announcement by the Chinese authorities

Starting from the date of this announcement, any so-called token exchange platform shall not:

• Be involved in offering exchange services between fiat currency and tokens
• Buy or sell tokens for cryptocurrencies, or act as a central party facilitating the trading of tokens for cryptocurrencies
• Provide price bidding or middleman service for the exchange of tokens for cryptocurrency.

For any token exchange platform that violates the law or regulation, financial authorities will request:

• The telecommunication department to shut down its website and mobile application.
• The Cyberspace Administration of China to delist its mobile application from app stores.
• The State Administration for Industry and Commerce to discard its business license.

Source https://www.coindesk.com/chinas-ico-ban-a-full-translation-of-regulator-remarks/

[IvanChan]

The tech behind NEO it is simply outstanding and this thing will dominate the blockchain world.

Could you be more specific?
What makes it better than competitors?

hi yugu... i've read a lot of your posts in different threads over time. I'm a lurker but I tend to read sensible people and we have ended up investing in a few of the same coins. until today I have never noticed the red trust!? what happened bud? I think I'm going mad but you didn't have that a short time ago

[Ashara]

They also raised money back in 2014 using clearly ICO for Antshare. I don't know how they will not have any impact of People's bank of China. I am also double minded now and have sold out large portion of my NEO tokens already. I have kept some portion in case things looks good and can be fixed somehow to not regret later. I have secured my investment to be honest.

The most immediate threat to NEO and other ICO tokens is delisting from Chinese exchanges, if this happens then it will significantly reduce the trade volume.

This is apparently a direct translation from the Announcement by the Chinese authorities

Starting from the date of this announcement, any so-called token exchange platform shall not:

• Be involved in offering exchange services between fiat currency and tokens
• Buy or sell tokens for cryptocurrencies, or act as a central party facilitating the trading of tokens for cryptocurrencies
• Provide price bidding or middleman service for the exchange of tokens for cryptocurrency.

For any token exchange platform that violates the law or regulation, financial authorities will request:

• The telecommunication department to shut down its website and mobile application.
• The Cyberspace Administration of China to delist its mobile application from app stores.
• The State Administration for Industry and Commerce to discard its business license.

Source https://www.coindesk.com/chinas-ico-ban-a-full-translation-of-regulator-remarks/

Translations are not necessarily fact as much of the meaning can go lost as has been seen often enough. The token exchanges referred to are from what I have seen actually specifically ICO platforms on which ICO tokens can be sold and you left out the title header which affirms what I have stated: "Reinforce the supervision on platforms that provide exchange services for tokens issued during the fund raising". Why do you think Binance is still functioning and the official NEO Council statement mentioned nothing of that sort? It is because NEO is not going to be delisted anywhere. Binance only lists cryptocurrencies with a working product and userbase, so it has circumvented the worst of problems too. The Chinese ICO regulations are intended to stop scams. No company is better in terms of compliance than NEO. As stated NEO is the world's first ICO that offered to return money if any investors are unhappy and they still offer this policy at the moment. The thing is that no investor is going to ask their money back as they would get $0.25 per NEO or less instead of the current market price around $22. The regulations were intended to stop many upcoming ICOs in particular as many of the new ones in particular saw it as quick cash grabs and thus the regulation is intended to stop all future scams and provide the ability to go after all existing scams.

If anyone has Hshare on the other hand, then I think all concerns you raise are extremely valid.

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NEO developer community (COZ) Weekly Report #9 - 2017.09.03:

https://steemit.com/neo/@canesin/neo-developer-community-coz-weekly-report-9-2017-09-03

[mikoko13001]

Considering to throw in 20K$ on these neo only if its goes under $15.5 or maybe $12 USD (if price goes under this, it's not a good sign) and only if there is no specific bad announcement  . Otherwise its not worth the risk .Because right now it's what we call a Risky investment , there is a big uncertainity with the future of all chinese tokens !!

Wait and See ...

[Winner88]

The official NEO Council update: https://www.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

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Can you stake $NEO if you have less than a fullnode worth? If so, whats the Payout?

You can generate GAS by merely holding NEO in your own wallet or by holding it at Binance (once a month in the latter case). The current payout of GAS can be viewed at (this is subject to various factors, many of which are also outlined in the whitepaper): https://neotogas.com/

Holding a node can later on generate some additional fees to compensate running costs, but at the moment all is free and there are no transaction costs on the network.

Thanks for the info, will checkout the whitepaper

[kazanchev]

Why is ALIS still in the list?  http://neoicos.info/

[Alphi]

Why do you think Binance is still functioning and the official NEO Council statement mentioned nothing of that sort? It is because NEO is not going to be delisted anywhere.

We are only 1 day after the official announcement it takes time for the authorities to act.

NEO have already started making steps towards refunding customers they are not in charge of the exchanges so they would not be able to say whether tokens will be delisted or not.
It is is entirely up to the Chinese exchanges whether they want to take the risk of being shut down for continuing to trade ICO tokens.

It would seem that you have a lot to learn about how regulators work, the crackdown hasn't even begun yet, this is just a policy announcement.
Regulators in HK, China, Korea and the US have all indicated that they are looking very closely into the sales of unregistered securities, these types of investigations typically take months.
Ultimately they are the ones who determine what is legal, not us and certainly not the NEO council.

Right now ETH and NEO the most to lose from government crackdowns on ICOs and the most to gain from an improved and tighter regulatory framework.

To ignore these risks is simply irrational.

[MairaObergh]

Is Neo in trouble of being delisted from binance? I would love to buy my Neo back at the price that I sold them, but it's not worth it if a lot are going to lose money. And I'm not sure of the future with the Chinese government getting so involved.

[olio666]

Why would NEO be delisted?

ICOs wont be listed, because of control.

[AngusCanine]

Why would NEO be delisted?

ICOs wont be listed, because of control.

if they're banning ico's in china would't you think that means they will get delisted on chinese exchanges?

https://news.bitcoin.com/four-ico-startups-refund-investors-hours-after-china-bans-token-sales/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

https://cointelegraph.com/news/more-bad-news-ahead-for-chinese-bitcoin-ico-cryptocurrency-markets

[SamboNZ]

If Neo in trouble of being delisted from binance? I would love to buy my Neo back at the price that I sold them, but it's not worth it if a lot are going to lose money. And I'm not sure of the future with the Chinese government getting so involved.

Binance would likely to disappear cos they are a chinese exchange which collected ICO for their operation.

[nobytes]

Oh man, i didn't even put 2 and 2 together, of course the price is dropping. Stupid me.

[shveicar]

In Russia the government of morons. Not to be Russia's leader!  

I think that after all these prohibitions from the Chinese authorities, people will start to love more and respect coins in which there is an function for anonymous transaction and system which bring good profit to its owner.

Russia is ruled by greedy and corrupt politicians.
They do not need technology, only the sale of people's resources (oil, gas, timber) With this money they buy a luxury real estate and an army to retain their power.

Ethereum's cooperation with the Russian authorities casts doubt on the bright future for ETH coins based on this technology.
I do not rule out that in the near future, the Russian authorities will begin to require the installation of black doors in all new projects to identify users and monitor their accounts and balances.

Say no for verification and total control  

[bbsaver]

official announcements from neo

https://www.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

https://www.reddit.com/r/NEO/comments/6y9fgq/neo_developer_community_coz_weekly_report_9/

stay tuned and hold. relax a little

[bubblebubble]

Have you any idea justifies this new Neo dump?