NEO (NEO) is currently trading at $5.53, reflecting a decrease of 4.33% in the last 24 hours. This article provides a comprehensive overview of NEO's key metrics, market performance, and essential details for investors and enthusiasts.
Understanding NEO’s Core Metrics
Tracking a cryptocurrency's vital statistics is crucial for making informed decisions. Here are the latest key figures for NEO.
- Rank: #74
- Market Capitalization: $390.08 million
- Circulating Supply: 70,538,831 NEO
- Total Supply: 100,000,000 NEO
- 24-Hour Trading Volume: $23.724 million
- 7-Day Trading Volume: $172.927 million
- 30-Day Trading Volume: $949.223 million
- All-Time High Price: $171.32
- Market Cap Dominance: 0.01%
These metrics provide a snapshot of NEO's position and liquidity within the broader crypto market. The percentage of coins in circulation is 70.54%.
Key Resources and Official Channels
For those seeking further technical information or community interaction, NEO provides several official resources.
- Official Website: neo.org
- Blockchain Explorer: neotracker.io
- Whitepaper Documentation: docs.neo.org
- Community Chat: Available on Telegram
These channels are essential for developers and users to explore the technology, track transactions, and engage with the community.
NEO Trading Markets and Pairs
NEO is actively traded across numerous global cryptocurrency exchanges. The following table highlights some of the major trading pairs and their recent volumes.
| Exchange | Trading Pair | Price | Volume (24H) |
|---|---|---|---|
| Binance | NEO/USDT | $5.55 | $2.132M |
| OKEx | NEO/USDT | $14.86 | $1.302M |
| LBank | NEO/USDT | $5.55 | $1.023M |
| ZB.COM | NEO/USDT | $9.00 | $559.82K |
| KuCoin | NEO/USDT | $5.55 | $341.27K |
Discrepancies in price across exchanges can occur due to factors like liquidity and regional market differences. It is always advisable to compare rates before executing a trade. To explore a wider range of trading platforms and find the best fit for your strategy, you can discover top trading exchanges.
What is the NEO Blockchain?
NEO is a decentralized platform designed to enable the creation and exchange of digital assets. Originally launched under the name "Antshares," it was rebranded to NEO to reflect its evolved vision for a "smart economy."
A core function of the NEO platform is to provide proof of ownership for an asset digitally, rather than facilitating the transfer of the physical asset itself. This approach is designed to navigate the complex legal and regulatory obligations associated with transferring securities, stocks, and other valuable assets on a blockchain.
The NEO token represents a fractional ownership share in the NEO platform itself. Holders of NEO tokens, which were 100% pre-mined and issued at the genesis block, have the right to participate in network governance, including voting on proposed protocol changes. This governance token is distinct from GAS (ANC), which is used to pay for transaction fees and computational services on the network.
Frequently Asked Questions
What is the main purpose of the NEO cryptocurrency?
NEO aims to build a smart economy by digitizing assets and automating their management with smart contracts. The NEO token represents ownership in the network and is used for governance, allowing holders to vote on its future development.
How does NEO differ from other smart contract platforms?
A key differentiator is NEO's focus on regulatory compliance and digital identity from the outset. It uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, which is designed for finality and higher transaction throughput compared to some proof-of-work blockchains.
Where is the best place to buy NEO tokens?
NEO is listed on major exchanges like Binance, OKEx, and KuCoin. It is typically traded against USDT, BTC, and other stablecoins. Always ensure you are using a reputable and secure platform for your transactions. For a detailed guide on acquiring digital assets, learn how to get started.
What is the relationship between NEO and GAS?
NEO is the governance token held for voting and generating GAS. GAS is the utility token spent to power operations on the blockchain, such as deploying smart contracts or processing transactions. Holding NEO in a compatible wallet generates GAS rewards over time.
What does '100% pre-mined' mean for NEO?
This means all 100 million NEO tokens were created at the network's launch. No new NEO tokens are minted through mining or staking. The circulating supply increases only as tokens are released from the project's treasury or foundation according to their schedule.
Is NEO a good long-term investment?
As with any cryptocurrency, investing in NEO carries risk. Its value is tied to the adoption and success of its smart economy platform. Potential investors should conduct thorough research, analyze market trends, and understand the project's technology and roadmap before making any investment decisions.