NEO is led by co-founder Da Hongfei. He has earned his status as a blockchain and cryptocurrency pioneer in China. In addition to NEO, Da Hongfei is also the founder of Onchain. Onchain can be compared to the Enterprise Ethereum Alliance. The project is aimed at bringing institutions and blockchain projects into contact with each other. Hongfei saw early on the importance of a relationship with the Chinese government and has built up good contacts within the government.
The NEO founded by Da Hongfei is also called the Chinese Ethereum. It is a non-profit blockchain project. NEO strives to digitize properties and to automate their management by means of smart contracts. NEO calls this in the whitepaper the Smart Economy. NEO used to be better known as Antshares. After the completed repositioning of the project on August 8, 2017, it continued under the name NEO. The project focuses on the Asian market and, like Ethereum, has had several ICOs on the platform, including: Red Pulse, DeepBrainChain, QLINK and Zeepin.
Smart contract platforms such as NEO are becoming increasingly popular and the competition is therefore great. The biggest competitor is currently Ethereum, Ethereum has by far the most number of ICOs and is also number two in terms of market capitalization. In addition, there are projects such as Qtum, Lisk, EOS, Stratis, Waves and VeChain that also form serious competition.
There are a total of 100 million NEO tokens. It is important to know that NEO tokens can not be divided as for example with Bitcoin. 1 NEO is 1 NEO.