What is Neo (NEO)?
Neo blockchain is an open-source, decentralized blockchain platform that allows developers to create and deploy decentralized applications (DApps) and smart contracts. It was founded in 2014 and launched in 2016 by a Chinese company called Onchain, and it is often referred to as the "Chinese Ethereum" due to its similarities with the Ethereum blockchain.
How Neo (NEO) Works
Neo blockchain uses advanced encryption algorithms to secure its network and prevent unauthorized access. Additionally, the platform employs a consensus mechanism called delegated Byzantine Fault Tolerance (dBFT) to ensure the integrity of the blockchain. The consensus mechanism ensures the security and stability of the network by allowing only a limited number of nodes to participate in the consensus process. This ensures that the network remains secure and fast, making it ideal for businesses and investors. It is also designed to be interoperable with other blockchain platforms, enabling the seamless transfer of assets and data between different blockchains. This feature makes Neo blockchain an attractive option for businesses and organizations that require cross-chain functionality. In fact, Neo is said to be applicable in supply chain management, digital identity, gaming, etc.
The Neo blockchain has two native tokens, GAS and NEO. The former is used to pay for transactions on the network and to execute smart contracts, while the latter is used for governance. GAS is generated through a process called mining, which involves verifying transactions and adding them to the blockchain. Unlike other cryptocurrencies, such as Bitcoin, GAS cannot be mined directly. Instead, it is generated as a byproduct of holding NEO. This feature encourages users to hold NEO, which can increase its value and promote the stability of the network.
How Many Neo (NEO) Tokens Are in Circulation?
The total supply of NEO is 100,000,000 and the circulating supply is 70,538,831.
How to Buy Neo (NEO)
Consider investing in Neo (NEO)? It only takes 2 minutes to create an account on Bitget and start trading NEO.
Check out the available NEO trading pairs on Bitget!
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Neo (NEO) Resources
Simple 3-step guide to buying NEO today in United Arab Emirates
Create your free Bitget account
Select a funding method
Complete your Neo purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Neo using a payment method of your choice:
Buy Neo with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Neo order.
How to buy crypto with credit/debit cardBuy Neo with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Neo is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Neo order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Neo order.Buy Neo with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Neo order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Neo in your Bitget spot wallet
Bitget—where the world trades Neo
How to buy Neo for free
- Learn how to earn Neo for free through the Learn2Earn promotion
- Earn free Neo by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Neo airdrops by joining ongoing challenges and promotions
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FAQ
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Should I buy Neo right now?
The United Arab Emirates (UAE) was established in 1971, and we just celebrated the 50th anniversary of the UAE in 2021. The UAE has a population of about 10 million people, with about 10% locals and 90% expatriates from all over the world. The surface area of the United Arab Emirates is 83,000 square kilometers, which is slightly larger than Ireland and smaller than Portugal. The official languages in the United Arab Emirates are English and Arabic.
The UAE, as the name suggests, is made up of several emirates, more precisely, seven emirates. The first emirate is the most important, and it is the one of Abu Dhabi, the capital of the United Arab Emirates. This one represents 80% of the Emirates territory. The second Emirates we often hear about because it is rather the tourist capital is Dubai. The other five emirates are Ajman, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain.
The time difference varies depending on the season (summer or winter). Concerning temperatures, there is also a distinction between summer and winter. During the winter, you can expect temperatures between 22 and 30 degrees. In the summer, it is much warmer, and temperatures average 35 to 40 degrees.
Acting as the national currency of the United Arab Emirates is the Dirham (AED), and with Bitget, you can purchase cryptos within minutes, no matter where you are in the United Arab Emirates. Our exchange offers secure payment options to make trading more accessible and safer than ever, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and several different credit card services.