Neo is unique in that it was the first public blockchain platform to adopt a dual token mechanism. It separates the rights of governance from the rights of using the network. It also provides a means of acquiring the tokens needing to pay transaction fees.Join Telegram Claim Airdrop
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Neo is an open-source community driven blockchain platform. It is the most feature-complete blockchain platform for building decentralized applications. Neo enables developers to digitize and automate the management of assets through smart contracts. It also provides powerful native infrastructures such as decentralized storage, oracles, and domain name service, creating a solid foundation for the Next-Gen Internet.
NEO holders participate in governance by voting for the Neo Committee, composed of members and consensus nodes that govern the Neo blockchain. The Neo Committee provides specific services, such as maintaining the liveliness of the network and adjusting critical blockchain parameters.
The Neo network charges GAS for the operation and storage of tokens and smart contracts, preventing the abuse of node resources. System fees are burned, while network fees are redistributed to consensus nodes, creating an economic incentive for their services.
Neo is undergoing its biggest upgrade as it migrates to its latest version, N3. As part of this upgrade, users may be required to migrate their token assets to the new network.
In 2017, Antshares was rebranded to Neo as it implemented Smart Contracts 2.0. It underwent aggressive global expansion as hundreds of new developers poured onto the blockchain. Neo leadership began distributing NEO token rewards to groups and individuals that contributed to the growth of the Neo platform. Some of the earliest groups to join Neo included COZ, NeoEconoLabs, and O3 Labs.In 2021, Neo is being upgraded to version 3.0, known as N3. As a project that began in June 2018, the N3 upgrade represents the biggest advancement in Neo’s history. It is aimed at bringing the first all-in-one blockchain development experience to the industry, packed with powerful native features such as distributed storage, oracles, and name services.
Over the years, Neo’s organizational structure matured as its Shanghai based operation grew from less than a dozen to over 50. The number of community groups dedicated to advancing Neo’s technology also increased.
Today, Neo has developers all over the world contributing to core development, infrastructure, and tooling, including alumni from organizations such as Microsoft, Facebook, Amazon, Samsung, Dell, Seagate, and others.
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NEO token holders decide who is in charge of maintaining the Neo network through the election of a Neo Council. GAS token and BNB rewards are distributed to voters and council members alike.
The main groups working on Neo can be broken down as follows:
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