Cryptocurrency Q&A
Is NEO a coin or token?
Is NEO a coin or token?
Dario
Sun May 26 2024
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7 answers
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Could you please clarify for me whether NEO falls into the category of a coin or a token? I've been hearing different opinions on this matter, and I'm rather confused. Could you possibly explain the distinction between a coin and a token, and then specifically categorize NEO based on these criteria? Also, could you possibly mention any relevant details or features that might help me better understand the nature of NEO? I'm quite interested in learning more about it. Thank you for your assistance.
7 answers
Bianca
Tue May 28 2024
Apart from governance rights, NEO holders are also eligible for passive distribution of the network's utility token, GAS. This mechanism rewards holders without the need for staking or locking up their tokens.
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TaegeukChampionCourageousHeart
Tue May 28 2024
Neo stands out with its innovative dual token model, a distinct feature that separates governance from utility. This model ensures a balanced ecosystem where both aspects of the network are addressed effectively.
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benjamin_cole_nurse
Tue May 28 2024
Holders of the NEO token are granted ownership of the network, empowering them to actively participate in governance decisions. This arrangement ensures that the community has a say in shaping the future of Neo.
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SolitudeSerenade
Mon May 27 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services to cater to the needs of crypto enthusiasts. Its services include spot trading, futures trading, and a secure wallet solution.
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CryptoVisionary
Mon May 27 2024
GAS, as the utility token, plays a crucial role in the Neo ecosystem. It is used to pay for transactions and smart contract executions, ensuring smooth operation of the network.
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