Minor Salves For Your "NEO" Based Wounds - Free Gas Payout (Calc @ NeoToGas.com); Ledger Nano S Support
If you've purchased NEO in the last month, you are probably not exactly thrilled.
Not only did NEO have an unsustainable run from under $1 as AntShares to right about $50, this gain also ran smack-dab into a near-worst case regulatory scenario - China banning ICOs and crypto-exchanges.
As it turns out, Neo's namesake from the Matrix was just a touch better at dodging bullets.
This was a pretty serious double-whammy for what people were calling the "Chinese Ethereum".
If, like me, you are planning on holding your Neo a bit longer through the negative sentiment, here are a few brights spots of recent news for the coin.
Neo is, conceptually, very much like Ethereum. Like Ethereum, the network uses a sort of bandwidth measure as "fuel" to run, called "gas".
The bad news is gas costs money. The good news is that your Neo, much like a Proof of Stake coin, produces a share of Gas every so often based on the amount of stake you own in the Neo economy.
If you head on over to www.NeoToGas.com , you'll quickly be able to see your potential payout of Gas and begin earning a dividend from your Neo while you wait for it to recover.
As you can see above, Neo currently provides a "theoretical" return of 15.08% per year, and an actual return of 8.83%. This is really quite good, particularly if you are holding anyway.
Important note: You will ONLY generate gas if your NEO is in an approved wallet, such as the NEO official wallet. You will not generate gas on an exchange. Please see other user's guides on the proper transfer and divisibility of NEO.
Thanks to users in the Neo community, working alpha support for Neo on the Nano S is now a reality.
On September 12, the first Neo transaction was signed using a Ledger Nano S. The software is available, but not yet tested and verified by Ledger. However, this is likely to take place relatively soon, so keep an eye out for official support.
We also have a Radio Station! (click me)
...and a 4800+ user Discord Chat Server! (click me)
Sources: NeoToGas.com, Newsbtc.com, Reddit
Copyright: Bitcoin Magazine, NEO, The Matrix
Informative piece right here...the setup of Gas as both the fuel and dividend share alongside the NEO token is great marketing appeal and those interested in POS concept would find this coin irresistible...on the flip side because its heavily concentrated on the Asian market (Chinese) its performance can be easily influence by the behavior of the Chinese government which is not really an attractive feature...I did read recently that the founder was apart of the team that the Chinese consulted before taking their ICO decision and he reinforce that there is no further plans of banning mining...possible resulting in a spike in the price of NEO...A very negative aspect of this token it can easily to term government control as its founder continue to associate with the Chinese government but we see how investors react to it
"those interested in POS concept would find this coin irresistible"
Guilty as charged.
"the founder was apart of the team that the Chinese consulted before taking their ICO decision and he reinforce that there is no further plans of banning mining"
Interesting, thanks for posting this tidbit here!
No problem man, I always try to give my 'two cent' to the discussion
There's 'two perecent' back for you, heh.
Do you think the opportunity is still open to invest on NEO?
Possibly, but I'm not looking to add to my position. It's future is a bit uncertain while we wait to see how serious China is about their ban. However, that could be an opportunity, too.
Thanks for the explanation, maybe I need to have a closer look.
The gas is a great incentive to get into neo for the long run. I guess I am thankful now that I did not get into neo but I am still considering getting some while its low as the potential is still there to increase in value and then earn the gas on top of that.
Though all in all its hard to find a better investment than steem if you use the platform, because not only can you increase your profits due to the increase in the value of steem but also by using the sp to generate income of which could equate to a lot more than the payout of gas......
Thanks for sharing your experience.
SteemON!
I agree with you completely. Steem is my largest holding, and I am cutting costs and taking on extra work whenever possible to try to grab more near $1.
Yes,
Not likely going to be below $1 for much longer or maybe again for a very long time. Seems like now is the time to get it while we can!
The "gas" concept is definitely one of the things that caught my attention early on....
It's definitely a non-trivial advantage to holding Neo for any substantial period of time.
Agreed...and anything that can make a particular coin break from the pack is also a positive thing.
I am a bit of a sucker for these DPoS style coins (I realize that's not Neo) that pay out some bonus based on your stake.
I understand...feels like a "real" investment...
Great article I have had a love hate relationship with Neo, got in with antshares really cheap sold at profit but it kept going , bought again during the China crisis and I am now happily claiming gas daily its not even a cent but still awesome.
Hah, I had an even worse relationship than that. I bought too late after not buying Antshares because I disliked the name and, especially, the logo. Now I think I'm finally back to about even.
I'm glad we kind of getting back to black ....can you dm me next time you in chat. Need a bit of help with a stats layout could use your feedback.
Drop me a message, I'll take a look at what you got when I can.
NEO's proposal arose in 2014 with the original denomination of Antshares. Until last June, when it still had this name, its market capitalization was still in the order of $500 million and its value per unit was close to $14.
to finish, can be seen as the network of NEO has reached 872 nodes in operation, through which operate 1,240,000 blocks, according to their official statistics.
Thank you for this extra info.
For that we are to serve
Return of NEO is on.
Thanks for sharing. Followed. Pls follow me
Thanks for upvote
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