Cryptocurrencies often provide capital growth and sometimes unprecedented growth, but very few provide a passive income for the investor. NEO is one that does. What is NEO?
NEO – An Open Network For Smart Economy
NEO is a non-profit community-based project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.
The NEO Team and community have created various wallets for different platforms. You can download from their website https://neo.org
Digital Assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries. On the NEO blockchain, users are able to register, trade, and circulate multiple types of assets. Proving the connection between digital and physical assets is possible through digital identity. Assets registered through a validated digital identity are protected by law
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form. The more mature digital identity system is based on the PKI (Public Key Infrastructure) X.509 standard. In NEO, we will implement a set of X.509 compatible digital identity standards. This set of digital identity standards, in addition to a compatible X.509 level certificate issuance model, will also support the Web Of Trust point-to-point certificate issuance model.
The NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. The NeoContract smart contract system will allow millions of developers around the world to quickly carry out the development of smart contracts.
Getting Paid Gas
Gas is distributed among NEO holders according to their relative amount of shares they hold. If you own 1,000 NEO, you will receive close to .5 Gas per day. A helpful NEOTOGAS calculator has been created to show exactly how much GAS the amount of NEO you own will generate per day at https://neotogas.com/
Claiming is not necessary in order to receive GAS as long as you are not on an exchange, you can always claim your GAS later on.
You need to transfer your NEO over to one of the wallets in order to receive GAS Leaving NEO on the exchange will result in you not receiving any GAS.
Make sure you use a wallet from the official NEO website, as other wallets may not be safe. If you are on a MAC, we recommend using the Web wallet. This version will not show any accumulation of Gas, this is due to the lack of a feature to claim them. However, they are still being generated to your private key, and the ability to claim them will soon be added.
This is my opinion based on my research. I am not a financial adviser and always encourage people to do their own independent research before investing.