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Informative buying guide of NEO

by Teecycle Editorial Staff
30/12/2020
in Business
Informative buying guide of NEO
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In the world of cryptocurrency, people call NEO as Chinese Ethereum often. After NEO’s launch, it was trading at the amount of around $7. But after just one month, the price range has grown spontaneously and it was $12 at that moment.

If you are wondering about when will be the perfect moment for you to invest in NEO, know that you must do your fair share of research about NEO, so that you can finally decide. Make sure that your facts are right about NEO coin. See what the price prediction of NEO in 2020 is. Studies tell us that the NEO 3.0 has been released and the focus of the Chinese cryptocurrency has renewed on it.

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Can you buy the NEO?

If you want to buy NEO, the first thing you should do is to open your neo web wallet. This wallet is a digital wallet which will store your NEO coins and GAS. Also, you can make transactions with it.

NEO digital wallet or NEO web wallet

It is not that hard to open a neo web wallet where you can mine the NEO coins. Let’s see some NEO wallets below.

The official NEO wallet

You can find the official NEO wallet quite easily because they are available. Browse through your mobile, desktop, web, to download the app.

Binance

Those who prefer having the trading and storing benefit of cryptocurrencies, for them, Binance will the ultimate choice. This web wallet is also an exchange form of your cryptocurrency.

Know Neo tracker

It is considered to be a light web wallet. NEO developed this app and the NEO holders are allowed to do interactions with it. It also lets the holders explore the NEO blockchain through web.

Ledger Nano S

The NEO holders know this one as a cold wallet or hardware. It might be the best option for you if you want your cryptocurrencies in a safer place.

Neon wallet

When you will own this wallet you will experience various benefits. The web wallet will securely store your NEO and holders can claim their GAS too from this.

What do you think about NEO’s future endeavor?

According to research, after the Chinese version of Ethereum or NEO was invented, it has drawn a lot of attentions from so plenty of users in the past year. It is also performing quite well in this ongoing year. After this, the market will be interested in NEO and will look for more partners along with the existing ones like Microsoft.

Theoretically, NEO is new compared to other cryptocurrencies like Bitcoin and Ethereum. However, professionals claim that they can foresee a profitable future on those who will invest in it. There are many investors who are pretty convinced already and have realized that NEO will be welcomed by the corporate industries. So, if you decide to invest in it, it will be good for your future. Make sure to check out the neo web wallet option too.

Now let’s know about some very basic features and advantages you will experience by using the NEO coins.

NEO will be Indivisible

If you ever feel like you want to combine your current NEO with any other form of cryptocurrencies like bitcoin, ethereum, etc, know that you will not be allowed to transfer 0.5 or 0.2 NEO in that case.

Many call the GAS as the crypto-fuel of NEO’s

According to plenty of research, GAS is considered to be the additional crypto asset of NEO. After NEO was invented, the GAS was created to fuel the NEO network. You should know that it is divisible up to 0.00000001. Another interesting fact is that GAS is allowed to pay fees through the NEO network.

It has different programming language

Those who are familiar about cryptocurrency world might know that the Ethereum has one code language which is known as Solidity. But NEO is not like that and it has allowed its developers to use different kinds of coding languages like C+, C++, Java, etc.

It offers an open network for the smart economy

While using the NEO, you will experience the concept of a smart economy. Because it can only be progressed by NEO

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