Steem is my favorite coin but I really like NEO as well. When you hold NEO in your NEO wallet, it produces another cryptocurrency called GAS. You receive GAS as proof of stake for holding NEO. This is a great way to build more wealth in your crypto portfolio while not having to much of anything. Once 100 million GAS has been produced, that will be it for obtaining more unless you hit the market and trade for some.
The word NEO comes from the Greek meaning new, young, youthful, fresh. NEO has been dubbed as the Ethereum of China because of its smart economy. One of the reasons I believe NEO will pass Ethereum is because it supports many codes such as C#, Java, Python, and more while Ethereum only supports its own language, called Solidity, which will require a developer to learn the language before ever developing anything.
One of the cons that causes people to raise a brow or two is that NEO is 100% pre-mined. NEO distributed half of their coins, 50 million, through crowdfunding and the other half were given to developers, council members, and investment for projects. Because of the way this was done, the distribution of the coins were highly centralized.
Nevertheless I still believe this is a great coin to have in your portfolio because I can see this coin have real world applications in the near future. There is much more to learn about this coin so suggest you do your own due diligence and educate yourself. You can start by reading the CoinCentral article below.Check out my video where I review the wallet and show you how to earn GAS
Till next time Steemians...Steem On!!
