Neo NEO/USD is the native cryptocurrency token that powers the Neo blockchain and can be utilized for sending, spending, staking, and holding.
The N3 mainnet launch as a catalyst for development
On August 2, Neo launched the Neo N3 mainnet which marked an enormous milestone for Neo in addition to the blockchain sector.
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With this launch, Neo will transfer to bridge collectively the on and off-chain worlds by offering an progressive function set that can map the off-chain belongings into the blockchain.
Nonetheless, we’d see elevated exercise within the Neo blockchain, and a rise within the circulating provide and buying and selling quantity of the Neo token, as token holds start migrating GAS and NEO tokens from Neo Legacy to Neo N3.
Must you spend money on Neo (NEO)?
On August 3, the worth of Neo (NEO) was $42.
NEO achieved its all-time excessive worth of $198 on January 15, 2018. Which means its worth on August 3 is 371% decrease. To place issues into perspective about its latest development, we will probably be July. On July 31, NEO noticed its highest worth level of the month at $47. Its lowest level was on July 20 at $25. In different phrases, at one level it was 12% greater, and at one other, it was 40% decrease, however that is the margin distinction we will anticipate.
On September 1, after the completion of the N3 mainnet setup, we will anticipate a mass migration of Neo and GAS tokens, the place Neo incentivizes the migration by rewards.
These rewards embody a 1% bonus per 100 migrated NEO, 0.75% bonus per 134 migrated NEO, and 0.5% bonus per 200 migrated neo.
In different phrases, a variety of customers will begin migrating and begin incomes rewards on the NEO tokens they have already got, which makes this a superb alternative.
The extra NEO tokens you migrate, the extra rewards you’ll get, because the NEO tokens will actually deliver extra bonuses.
The place to purchase proper now
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