How to Buy NEO Token?
Neo Smart Economy, or NEO, is a blockchain-based software network that seeks to serve as a platform for everyone to engage in commerce and construct decentralized goods and services.
The Fundamentals of the Neo-Smart Economy
People sometimes refer to Neo Smart Economy as the “Ethereum of China.” This is because the network shares several characteristics with Ethereum, such as decentralized applications (dApps) and social networks. Let’s look at the basic characteristics of this network:
-NeoContracts. Unlike other smart contract-based protocols, NeoContract developers can use current programming languages (such as C# and Java) instead of learning new ones. As a result, more developers who want to build new dApps or support existing languages may find NeoContract’s ability to function across many programming languages intriguing.
- Byzantine Fault Tolerant Delegated (dBFT). This is what Neo Smart Economy utilizes as a consensus process to safeguard its blockchain and keep its distributed computer network synchronized. The dBFT process is similar to the Proof-of-Stake (PoS) mechanism in that it uses a real-time voting system to determine the order in which computers run software to build the next block on its blockchain.
The Neo-Smart Economy’s Tokenomics
The NEO coin has a limited supply of 100 million coins. More than 70% of the total supply is currently in circulation, with a $2 billion market cap. Smart contracts are gradually releasing around half of the Neo Smart Economy currency held in reserve to pay for Neo Foundation expansion.
Platform users use Gas to fund Neo blockchain transactions. Nonetheless, the system has a built-in discount of 10 Gas for each transaction, thus the vast majority of transactions are free. The fees are divided into system fees and token fees, which are refunded to token holders via staking. Transaction fees are collected and paid to consensus nodes.
How to Purchase NEO Tokens
You can purchase this token on MEXC by following the instructions below:
1.Log in to your MEXC.com account and then select [Trade]. Select [Spot].
2.To see the available trading pairs, type “NEO” into the search field. As an example, consider the USDT trading pair.
3.Scroll all the way down to the [Spot] box. Enter the number of tokens you want to purchase. You can place a Limit order, a Market order, or a Stop-limit order. Consider the Market order. To finalize your order, click [Buy NEO]. The purchased tokens will be stored in your Spot Wallet.
Comments
Post a Comment