Neo is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts. In that respect, it resembles the U.S.-based Ethereum blockchain network. Users are able to record, buy, sell, exchange, or circulate various kinds of assets. The NEO platform allows for linking the physical asset with an equivalent and unique digital avatar on its network. NEO tokens were all pre-mined during the genesis event. They have a hard cap of 100 million tokens which are used for block creation, network management, and any consensus requirements.
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