What is NEO?

NEO, founded in 2014 and originally known as Antshares, is a blockchain platform developed by the Shanghai-based company OnChain. It is designed to facilitate a smart economy through the digitization of assets using distributed network technology and digital identity. NEO conducted two crowdsales, raising a total of $5 million by selling 40 million NEO tokens between October 2015 and their completion.

The platform enables the registration, issuance, and circulation of both tangible and digital assets, facilitated by its unique digital identity system. This system integrates multiple layers of authentication for users and organizations, allowing for the creation of electronic identities. All assets on the NEO network are protected by digital certificates, ensuring an immutable record of ownership and enhancing trust within the system.