Neo (NEO) Crypto Exchange

NEO is the official token that powers the Neo blockchain. This blockchain allows developers to build apps that incorporate tokenization. It is mostly popular in the Chinese crypto ecosystem and fondly called the “Ethereum of China.” The coin has a market value of over $650 million and a circulating supply of 70 million, according to CoinMarketCap. The name Neo comes from the Greek word for "new" or "young." The idea behind the naming is that Neo represented a new way for people to get onboard with the crypto economy. ### Founders of NEO The Neo blockchain was founded in 2014 by two Chinese developers, **Da HongFei** and **Erik Zhang**. It was first called Antshares (ANS) before switching to its current name in 2017. The ANS token debuted in 2014 with an initial coin offering (ICO) that raised over 6,000 BTC. Following the name change in 2017, a new NEO coin was created, and users were allowed to exchange their ANS tokens for an equivalent in NEO. ## What Is NEO Coin Used For? NEO is the official token of the Neo blockchain. You can hold or use it to transact on decentralized apps built on it. You can also stake it to support the blockchain's operations and earn more tokens as a reward. People who stake the token are allowed to vote on any changes to the Neo network's operations.