- Neoburger will utilize Neo’s governance mechanism.
- NeoBurger aims to provide the best voting strategies and maximize your GAS gain from voting.
NEO’s distributed network concept is implemented through the use of a smart economy approach. Its primary goal is to digitize assets through a decentralized network using blockchain technology, digital identification, and other methods.
The primary goal of Neo is to serve as the distribution network for the “smart economy.” “Digital Assets + Digital Identity + Smart Contract = Smart Economy,” according to the company’s official website. Neo was created by the Shanghai-based blockchain research and development company “OnChain” and funded through two crowdsales: the first, which took place in October 2015, sold 17.5 million NEO tokens for $550,000, and the second, which took place in December 2015, sold the remaining 22.5 million NEO tokens for $4.5 million, respectively.
NeoBurger is a system of smart contracts that runs on the Neo N3 blockchain, according to the developers. NeoBurger makes use of Neo’s governance mechanism to assist NEO token holders in voting for Neo council candidates to maximize the GAS profit earned for the holders while also serving as a check and balance in Neo’s administration.
A new NEP-17 token named bNEO is created as part of this system and can be exchanged for NEO at a fixed rate of 1:1. As part of this system, NeoBurger also creates a new NEP-17 token entitled bNEO, which can be exchanged for NEO at a fixed rate of 1:1. NEO can only handle integer numbers, whereas bNEO can take up to 8 decimals.
Neo announced recently on Twitter that they were excited to welcome Neoburger to the N3 ecosystem.
More info 👇👇👇 https://t.co/5eJ9QjhzTs
— Neo Smart Economy (@Neo_Blockchain) October 29, 2021
Neo’s Future and Past Achievements
NEO is a decentralized network that brings together digital assets, digital identities, and smart contracts in a single platform. NEO will leverage DBFT, NeoX, NeoFS, NeoQS, and many more innovative technologies as the infrastructure for the intelligent economy of the future and will be based on the NEO system.
In recent months, the NEO Project has received a great deal of interest, especially given that it has been identified as one of Ethereum’s most significant competitors. Additionally, investors from all around the world are showing considerable interest in many of the ideas that have been launched on this platform.
One of its notable partnerships is with Ontology. Both NEO and Ontology have formed a partnership to develop an open cross-chain platform that will be useful in developing the next-generation internet in the future. These two blockchain networks and initiatives will collaborate to use interoperability protocols, which are currently being developed. As a result, NEO will concentrate on developing protocol and components, while Ontology will concentrate on developing a future-proofed decentralized identity framework. Other partnerships are with NASH, Deepbrain, and QLC Chain.
Neo currently trades at $42.37 and ranks #55 according to Coin Market Cap.