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NEO is a non-profit and community-based blockchain project. It digitalizes asset with blockchain technology and digital identity, and automatically manages digital asset by means of smart contract to realize a distributed network of “smart economy”.
Set up in 2014, NEO did a real time open source on Github in June 2016. It has experienced the prosperity and depression of blockchain industry and cryptocurrency market since its foundation. We believe technology is the driving force of development in this age. Pushed by this force, we will enter into a new “smart economy” time. NEO enables you to manage your smart asset in a rapid, efficient, safe and legal manner by integrating peer-to-peer network, Byzantine fault tolerance, digital certificate, smart contract, superconducting transaction, cross chain interoperability protocol and other technologies.
There are two inbuilt native tokens in NEO, namely NEO and NeoGas (simplified as GAS). NEO is a management token, the total number of which is 100 million. It is used to practice the authority over NEO network, including ledgarkeeper election by voting, change of NEO network parameter and so on. The smallest unit of NEO is 1, which is cannot be divided any further. Gas, with a total number ceiling of 100 million, is a gas token used for resource control when people use NEO network. NEO network will charge on token transferring and the operation and store of smart contract for economic incentives for ledgarkeepers and prevent the abuse of resource. The smallest unit of GAS is 0.00000001.
In the genesis block of NEO network, 100 million NEO have been generated, while none GAS had been generated.100 million GAS that are correspondent with 100 million NEO will be gradually generated into addresses of NEO management tokens through an attenuation algorithm in about 22 years. After NEO management token is transferred into a new address, GAS will be generated in the new address as well.
Total number of tokens: 100,000,000 NEO
Total number in circulation: 65,000,000 NEO
Official website: https://neo.org/