There are various types of coins made in China.
Starting with BitTorrent and Tron of the young Crypt Prince Justin Sun.
There are Quantum (QTUM), VeChain (VET), and Ontology (ONT).
The most representative coin here is the NEO coin.
Let's see a brief description of Neo Coin.
Neo Coin, very simply, is China's 'Ethereum'.
It is to build various derivative ecosystems using smart contracts borrowed from Ethereum.
Like Ethereum, gas is rewarded by staking, and various derivative tokens (like Shibacoin) can be created based on Ethereum fortune.
It is the leader of the Chinese coin in that it is the first blockchain coin in China.
This is the founder.
Da Hong Fei,
Da Hongfei
As a crypto giant in China, if you do a blockchain business, you can think of it through him.
It's slightly out of line, but you can think of it as having an upbeat phase. in the coin world.
Recently, we are updating the extension to NEO 3.0.
There is a case where the price soared from 3,000 dollars to 4,000 dollars due to a huge amount of incineration with Ethereum 3.0.
As such, NEO 3.0 solves the problem of expensive gas fees and
This is the direction to increase the usability and scalability of blockchain.
You can make NEO-based tokens a little easier and cheaper.
So NEO will eventually make DEX as well.
Exactly Humswap.
You can think of it like Uniswap.
uniswap : Trade Ethereum-based tokens
Humswap: Trading NEO-based tokens
And if you check the official NEO twitter
Neoverse was also launched with the purpose of taking care of the metaverse and NFT.
Just what NEO can be seen as a comprehensive blockchain and virtual currency platform that can be done in China.
It is a comprehensive gift set including DEX swap, governance tokens, metaverse, and NFT.
Official NEO twitter video explaining NEO's vision for 2021 link
A roadmap of technical NEO 3.0 development.
Now let's look at the chart.
After the ban on cryptocurrency mining in China and regulations restricting transactions, Chinese coins entered a sharp decline.
However, now the coin is slowly rebounding, and the price has been maintained in this Nasdaq crash.
Therefore, the price will recover until the barriers maintained in March-June and August-October 2021 above.
Up to about $32 in short term.
After that, after about a sideways decline -> Let's make a forecast for 2022 that goes up.
The target price is $90.
