Spotcoin loves NEO Ep. 1: why did we choose the NEO blockchain?
We get asked a lot why we chose to run our ICO on NEO instead of Ethereum. But once we joined the NEO community, we never looked back. Best call ever. Here are just some of our reasons:
1) Speed: the future will only be faster.
NEO is built for speed and blows Ethereum out of the water. Right now, NEO boast 10,000 transactions per second, and aims to increase this to 100,000 in 2020. For comparison’s sake: the Ethereum blockchain currently manages 15 transactions per second. That’s far too slow, if you consider that for example the VISA creditcard company already processes 2,000 transactions per second. Sure, Ethereum is working on it, but right now, NEO seems far more future-proof.
2) The NEO family
NEO cares. The companies using the same NEP-5 token standard feel like our cousins. We get together, and help each other with advice. That’s why we’ll register all of them on the Spotcoin exchange for free — family doesn’t pay. It’s also why feel comfortable promoting each other to our communities, we know these are trustworthy companies. We ran airdrops giving away free SPOT to token holders of RPX, QLC, SWTH, and EFX tokens. The best part about belonging to such a promising group of new companies, is that our Spotcoin exchange will be an important, and sometimes the only direct point of purchase. We will be a one-stop shop where investors with USD, EUR and several Black Sea fiat currencies can buy and sell NEO and NEP-5 tokens without having to transfer to and from other exchanges. This way, we can provide simple liquidity where it’s needed and make a real difference where it’s needed.
3) The City of Zion and the NEO community
It’s not just about the other companies on the block’. The NEO community is actively supporting and improving NEO. To such an extent that a group of volunteer developers called City of Zion has grown to a solid organization whose single aim it to improve NEO and develop high quality services like the NEON wallet, the NEOscan and coordinating the translation of NEO documents in several languages. You can join and help out if you want, via cityofzion.io. Of course, NEO actively supports the City of Zion developers and there is nothing amateur about them. In fact, one of our very own developers is working with NEO and the City of Zion to improve the core code of NEO Sharp. You can read his amazing story here.
4) Pro transparency, pro regulation
We want digital currencies to improve our world, we’re not out there to tear down the old structures. So we will always ask for KYC and do due diligence. We want to be the bridge between between legacy financial markets and the emerging digital economy. NEO is suited to respect both privacy and regulatory concerns. There are some great companies operating on the NEO blockchain like BRIDGE, who can safeguard your ID data while making sure KYC and AML due diligence is handled professionally and smoothly. We will always prefer co-operation with governments and regulators and are actively consulting the Georgian government whenever we can. In the end, making digital currencies work for everyone includes the regulators. NEO has its own respectful relationship with the Chinese government.
So, there you have it. 4 solid reasons why we love NEO. We could go on, and when you ask us in person, we probably will. Feel free to ask though!
Interested in more Spotcoin?
Take a look at our complete ICO offering here.
Read our Whitepaper here, for more details.
Visit spotcoin.com, where we make digital currencies work for everyone.
Residents and citizens of the United States and US territories are prohibited from taking part in the SPOT Airdrop and the SPOT public sales. Residents and citizens of the following countries are prohibited from taking part in the SPOT public sales: Bosnia and Herzegovina, China, Ethiopia, Iran, Iraq, North Korea, South Korea, Sudan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Serbia, Vanuatu, Yemen
However, certified accredited U.S. investors can take part in the SPOT private sale. Chinese and South Korean investors can participate in the private sale when paying with digital currencies, after signing the SAFT form and completing the KYC /AML process. Any investment in digital currencies comes at a risk. No one should invest money that he or she can not afford to lose.
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