If you didn’t know, NEO was initially called Antshares. But what is it? NEO, in simple language, is an open-source blockchain ecosystem born in 2014. The masterminds and parents of NEO are Da HongFei and Erik Zhang. Since its rebrand from Antshares back in 2017, its mission has been to release a “smart economy” by making use of smart contracts and blockchain technology to give out and manage any asset that is digitized. The NEO network drives on a proof of stake decentralized Byzantine fault-tolerant (dBFT) consent technique between several centrally approved nodes and can support up to 10,000 transactions per second. The native utility token of the NEO blockchain is the NEO utility token which is non-divisible and it also generates Gas tokens as well. The Gas tokens, also considered as separate assets on the NEO blockchain, can be used to pay for the transaction charges.
The best place to buy Neo is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Neo (NEO). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of NEO is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Neo with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy NEO instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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