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Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => NEO Forum => Topic started by: sirty143 on June 13, 2019, 05:38:47 PM

Title: Why NEO is the Best Staking Coin in 2019
Post by: sirty143 on June 13, 2019, 05:38:47 PM
NEnO is a blockchain-based platform that supports the development of digital assets and smart contracts. Generally, the asset has some similarities to Ethereum. Dubbed the “Chinese Ethereum” NEO is a future-oriented cryptocurrency with a number of lined up projects.

NEO native token is called GAS. Note that GAS is more like the fuel that keeps the NEO network running by facilitating transactions. In 2019, NEO has been among the best performing cryptocurrencies.  By the time of writing this article, NEO was trading at $13.33 backed with a market capitalization of $926 million.

(https://zycrypto.com/wp-content/uploads/2019/06/chart.png)

NEO deploys a Proof of Stake blockchain. This means that when you hold NEO in an appropriate wallet, you get returns in GAS. This process is called cryptocurrency staking. NEO, therefore, is one of the cryptocurrencies that can allow you to earn passively. Staking on NEO can also occur on selected cryptocurrency exchanges like Binance and KuCoin.

Before staking NEO,  it is important to understand that it has no staking implemented in its protocol. This factor means that the incentive model is friendly compared to other assets in its category.

Earning a passive income with NEO is seamless because you don’t need to be constantly connected to a wallet to get paid. With NEO, you are guaranteed of a yearly return of 4-6%. To know your potential earnings, NEO has a staking calculator to guide interested users. By the time of writing, NEO the yearly ROI for holding NEO was about 5.3%. It varies on the price of GAS and the Block Reward.

To automatically receive your GAS rewards, you need a Neon wallet. This is the official NEO recommended wallet. Note that other compatible wallets are allowed but the private keys must be individually held.

Furthermore, Binance and KuCoin exchange usually distribute rewards on a regular basis. However, for security reasons, using an exchange is not a good idea after all.

Once you have staked your NEO, you can claim the GAS anytime you need it except for Binance and KuCoin which conduct the distribution on a monthly basis. Just like any other cryptocurrency investment, staking NEO is also risky. The cryptocurrency sector is known to be highly volatile and this can affect your returns.

Source: ZyCrypto (http://)
Title: Re: Why NEO is the Best Staking Coin in 2019
Post by: MrSpasybo on June 14, 2019, 04:46:45 AM
1. NEO is Chinese Ethereum, and they are releasing 3.0 version for community
2. America-China Eco-war is LIVE, crypto is new save pace for Chinese investors/the richs.

This is time for NEO, current price ~$11 USD, hope it will reach $20 and $30 soon!
https://coinmarketcap.com/currencies/neo/
Title: Re: Why NEO is the Best Staking Coin in 2019
Post by: Pegasus on June 15, 2019, 02:05:37 PM
Quote from: MrSpasybo on June 14, 2019, 04:46:45 AM
1. NEO is Chinese Ethereum, and they are releasing 3.0 version for community
2. America-China Eco-war is LIVE, crypto is new save pace for Chinese investors/the richs.

This is time for NEO, current price ~$11 USD, hope it will reach $20 and $30 soon!
https://coinmarketcap.com/currencies/neo/
Though I agree that NEO is a potential coin for holding but I don't see any relation between NEO and Chinses investors. The rich are not stupid. Just because NEO is labelled as Chinese's ETH doesn't mean that they will put money to it. The're many other more prospect altcoin out there to invest in. Besides, I'm also curious to see market's reaction on its 3.0 version, providing that 2.0 was a failure.
Title: Re: Why NEO is the Best Staking Coin in 2019
Post by: MrSpasybo on June 18, 2019, 05:07:37 AM
Quote from: Pegasus on June 15, 2019, 02:05:37 PM
Quote from: MrSpasybo on June 14, 2019, 04:46:45 AM
1. NEO is Chinese Ethereum, and they are releasing 3.0 version for community
2. America-China Eco-war is LIVE, crypto is new save pace for Chinese investors/the richs.

This is time for NEO, current price ~$11 USD, hope it will reach $20 and $30 soon!
https://coinmarketcap.com/currencies/neo/
Though I agree that NEO is a potential coin for holding but I don't see any relation between NEO and Chinses investors. The rich are not stupid. Just because NEO is labelled as Chinese's ETH doesn't mean that they will put money to it. The're many other more prospect altcoin out there to invest in. Besides, I'm also curious to see market's reaction on its 3.0 version, providing that 2.0 was a failure.
China banned cryptocurrencies but they still allowed new ICO projects + new exchanges on their territory. Does China want to join the crypto game but it is not ready?
Blockchain trend is LIVE, I think the Chinese government will choose one of China's blockchain platforms to develop its own applications, just like they reject Google, Facebook, and Twitter ... and that's probably the chance of the NEO.

But I like your opinion, +1 for you
Title: Re: Why NEO is the Best Staking Coin in 2019
Post by: Synvc on June 22, 2019, 05:48:50 PM
Neo projects have been monitored by many countries and not only in their Chinese fans but in every country they have fans. The developments and changes they made were very interesting besides coin staking
Title: Re: Why NEO is the Best Staking Coin in 2019
Post by: kent47400 on July 12, 2019, 04:17:41 PM
So that I NEO was only created for smart contract and games, it turns out that NEOs can also be made for staking.
Very good with the development of NEO version 3.0 by adding roaming power to staking, maybe someday NEO will catch up with DASH if playing in the staking section.
Title: Re: Why NEO is the Best Staking Coin in 2019
Post by: bountyecrire on July 13, 2019, 02:06:51 PM
NEO has its own problems though. It is not totally decentralized, and sometimes it had transaction problems (taking too long). I do not know whether they solved this. Also, earning GAS is quite nice but If you're looking for a staking coin, I would recommend you to find a new coin which will start its mainnet soon.
Title: Re: Why NEO is the Best Staking Coin in 2019
Post by: Eben on July 30, 2019, 07:47:41 PM
The team behind NEO is really doing a good work and gradually i believe there will be much improvement in terms of its development and will attract more investors.