NEO is a blockchain project created in China, often referred to as “China’s Ethereum” by many people. Let’s explore what makes it receive such evaluation and how it’s perceived in Korea as well.

1. NEO’s Beginning and Growth Story

NEO was started by a Chinese blockchain development team in 2014. At that time, it was called Antshares, but after rebranding to NEO in 2017, it made a full-scale entry into the global market.

It has been consistently operating for about 10 years and has expanded its ecosystem through multiple technical upgrades.

2. NEO’s Features at a Glance

1. Easy Smart Contract Implementation

NEO supports various programming languages (Python, Java, C#, etc.), making it easier for developers to implement smart contracts. Thanks to this, various decentralized applications (dApps) based on NEO are being created rapidly.

This is one of the reasons why NEO is evaluated as technically strong!

2. Two Native Coins: NEO and GAS

NEO operates two native coins: NEO and GAS. NEO is used for network governance and voting functions, while GAS is used for network usage fees and smart contract execution. Since holding NEO generates GAS, there’s an incentive just for holding it.

3. Digital Identity and Government Cooperation Potential

NEO provides a foundation for connecting with financial services through digital identity functions. This is why it’s highly evaluated for its potential cooperation with the Chinese government, and the ability to flexibly integrate with existing financial systems as a blockchain platform is NEO’s major strength.

3. Global and Korean Exchange Listing Status

NEO is listed not only on Binance, the world’s largest exchange, but also on Korea’s three major exchanges (Upbit, Bithumb, Coinone). This makes it easy for Korean investors to trade NEO and helps establish a stable position in the global blockchain market.

Currently, NEO has a market capitalization of about 1 trillion won and a daily trading volume of about 50 billion won, making it actively traded both in Korea and globally.

4. Benefits NEO Could Receive from China’s Cryptocurrency Market Opening

As predictions emerge that China will reopen its cryptocurrency market, Chinese-based blockchain projects like NEO are gaining attention. Since NEO already maintains close cooperation with the Chinese government, if the market opens, we can expect the following benefits:

1. Project Activation Through Government Cooperation

If China’s regulations are relaxed, NEO will likely expand various projects and partnerships through government cooperation. The possibility of linking with major financial projects like China’s digital yuan project is also high.

2. Increased Demand in China

If the Chinese market opens, NEO is likely to establish itself as a reliable blockchain platform. With enhanced cooperation functions with the government, it already has the foundation to stably handle large-scale demand in China.

3. DeFi and NFT Ecosystem Expansion

If the cryptocurrency market opens, NEO’s DeFi and NFT ecosystems are likely to be widely utilized in China as well. Particularly, through the Neo 3.0 upgrade, performance and security have been strengthened, providing a foundation for more dApps to become active in China.

5. NEO’s Image in Korea

In Korea, NEO receives positive evaluation for technical innovation and Chinese market growth potential, but cautious views also exist.

1. Positive Perspective

NEO is a blockchain platform equipped with smart contracts, digital assets, and digital identity functions, with high development convenience, receiving good evaluation among Korean investors. There’s particularly high expectation for NEO’s strong growth momentum if the Chinese market opens.

2. Cautious Perspective

On the other hand, some investors approach cautiously considering the Chinese government’s regulatory situation. There’s also a position to wait and see how much differentiated performance NEO can show in competition with other smart contract platforms like Solana and Avalanche.

6. Staking Investment Using NEO

If you’re a NEO holder, you might want to consider a method to expect stable interest income through staking. Using Bake’s staking service, you can deposit NEO and receive 15-16% annual interest.

The interest income obtained through staking is continuously provided even if NEO’s price fluctuates, so it’s worth considering for long-term holders. If NEO’s price falls slightly during the staking period, the loss can be offset by interest income, while if the price rises, you can expect higher returns by adding the price increase to the interest income.

For example, when NEO rises 10%, combined with interest income (about 15%), you get a total return of 25%. This could be a good alternative for those who want to hold coins regardless of price fluctuations.

In Conclusion

NEO is a powerful project as China’s first smart blockchain with strong technical potential and market potential. It’s evaluated as having great room for growth through three elements: smart contracts, digital assets, and digital identity. If your understanding of NEO has deepened a bit, it would be good to pay attention to NEO’s moves when looking at future blockchain and cryptocurrency investments or market trends.

That’s all for today about the NEO coin. I hope it was helpful to you, and I’ll be back with more good information next time!