[3/15 Crypto-Daily] NEO founder Da hongfei say, Some Korean Exchang...

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NEO founder Da hongfei says, Some Korean Exchanges are fraud.

Neo's founder Da hongfei was concerned about the operation of some crypto exchanges in Korea.
He visited Korea for a lecture on the '2018 Token sky blockchain conference in Seoul' on May 15, met with reporters and pointed out "If there are exchange platforms that doesn't pay gas, It is fraud." "We need regulation to protect developers and investors," he said.

Neo is airdropping gas to its holders, if you have 1000 Neo, you will have 104 Gas in a year.

In Korea, some exchanges are not giving gas to Neo holders. And they are suggesting their users move Neo to other exchange platforms. There are also suspicions in the industry that the exchanges do not have the same amount of currency as the actual transaction amount, but rather fake transactions.

He also said, "We are paying gas to neo holders on a weekly basis through various crypto exchanges, such as Binance."
"We should not have use exchanges without actually holding the cryptocurrency,"

He also presented the direction of regulation. "We need regulations to protect investors and developers," he said. "We need to protect them, so we can develop a blockchain." "There are cases where money is used to money laundering or crimes. Too many new technologies have emerged, and these things must be eradicated by the cooperation of regulators in each country. "

He made it clear that Neo would also like to work with China and other governments. "We have made a plan to do all possible cooperation for sound regulation," he said. "We promise to explain to the governments of the future what we can do to create a trustable blockchain ecosystem."

Neo is rated as not decentralized enough. "Currently, there are seven nodes in Neo," said Daehongpyeong. "We are testing additional nodes to prepare for more decentralized Neo and are continuing to develop the technology. It is expected to complete in about 1 ~ 2 years. "

Da Hongfei was convinced that Neo would play a bridging role between virtual and real world. "Neo's blockchain exists only in the virtual world at the moment, but we do not want to stop it," he said. "We will try to bring it to the reality by providing various services available in the real world."