What is NEO?

NEO, founded in 2014 and originally known as Antshares, is an open-source blockchain platform developed by the Shanghai-based company OnChain. It aims to facilitate a smart economy through the digitization of assets and the implementation of a decentralized identity system. NEO's total supply cap consists of 100 million tokens, with 17.5 million sold in a first crowdsale in October 2015, followed by a second crowdsale that sold the remaining 22.5 million tokens.

The platform's primary use cases involve asset registration, issuance, and circulation across its network, which allows for tangible assets to be traded digitally. NEO's governance model emphasizes digital identity creation, employing multi-layered authentication methods such as facial recognition and fingerprints, and supports the legal protection of digital assets through certificates on its public blockchain.