NEO released trade and payment platform

NEO blockchain project made an annoucement of the release of cryptographic trade and payment service creation built on NEO
21 November 2017   378

NEO, a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a "smart economy" with a distributed network, made an annoucement, stating that NEX, a platform for complex decentralized cryptographic trade and payment service creation, was released on November 21.

NEX is stated to be a trade and payment platform that combines the NEO blockchain with an off-chain matching engine to enable faster and more complex trades than existing decentralized exchanges. 

The whitepaper and roadmap were published on the official website on NEX service. It was stated that NEX plans to hold token sale in the first quarter of 2018, planning to sell 25 million tokens to the public of a total pool of 50 million. The exact dates of the token sale are unknown yet.

On Novemer 19, the price of NEO cryptocurrency jumped up due to the announcement of Malcolm Lerider, NEO council and senior R & D Manager, which did not contain any exact information but stated that three pieces of news were yet to come in 3 days. The news of the release of NEX platform seems to be one of the big news alongside with the news of first NEO and Microsoft developer’s competition which will be held from November 20, 2017 to  March 10, 2018.

During last 24 hours NEO has been steadily losing its positions falling down by almost 10% from the price of $42,8 with market capitalisation of $2,7 billion on November 20 to the price of $36,9 with market capitalisation of $2,4 billion on November 21.

At the moment of press, these are main market parameters of NEO:

  • Average price: $36,97 
  • Marketcap: $2,402,829,000 
  • 24h volume: $242,893,000

NEO is now supported at eToro platform

This addition marks the ninth supported cryptocurrency on the platform
19 February 2018   241

NEO smart economy platform shared some exciting news today. Now its native token can be traded on the largest social investment platform eToro. NEO with 8 other reputable cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, etc.) have added a diversity to eToro. At present investors are looking at altcoins, and the established reputation of eToro for providing security and verification greatly aid the investment search.

Already in 2018 we’ve seen attention shift away from mainstream cryptocurrencies and the market share of altcoins is increasing all the time.


Yoni Assia

eToro Co-founder and CEO

NEO is designated platform for developing distributed applications based on smart contracts. It has a blockchain algorithm of its own that potentially can make the platform very attractive to e-commerce opportunities. Currently, its market cap is around $7.2 bln and that makes it roughly the 7th biggest cryptocurrency.

Along with the main eToro trading platform, NEO will be presented at its Crypto CopyFund. The fund uses Contract for Differences to allow the investors to diversify across all 9 available cryptocurrencies in a matter of a click.

We are constantly seeking to identify and assess new concepts as they emerge and we are committed to bringing the best crypto assets onto our platform for our users to invest in.


Yoni Assia

eToro Co-founder and CEO