| Information about NEO | |
|---|---|
|
|
| Developer: | Da Hongfei, Erik Zhang |
| Publication Year: | 2014 |
| Abbreviation: | NEO |
| Market Capitalization: | ~3.4 billion |
| Website: | neo.org |
| Best Neo Casino: | Fairspin |
Neo is another cryptocurrency that is still relatively relatively less widespread cryptocurrency, which is based on the Neo network of the same name. It was renamed only in 2017, but the basic concept of the coin has been around since 2014, when it was still called Antshares. The Chinese Erik Zhang and Da Hongfei were responsible for the development.
With the new name, the Neo Coin gained more and more importance for the crypto market, because the project has the intention of using smart contracts to build a "smart economy to build up, i.e. digital resources effectively.
Simply put, the smart economy behind Neo means nothing more than a constellation, which in turn is made up of digital and secure identities, digital assets, and the smart contracts already mentioned. Assets can be allocated even more easily with the Neo Coin, according to the developers. The token is already being successfully traded on well-known crypto exchanges – including Binance.
Good to know: In addition to Neo, investors also have to deal with the so-called GAS tokens have to deal with. These are generated by Neo Coins and are used to finance network transaction fees. If the cryptocurrency is used correctly, GAS tokens will be generated automatically, provided that Neo Coins are held for a sufficiently long period of time.
Table of Contents
- The best Neo casinos
- What is behind the Neo Coin?
- This is how the Neo Coin price development looks like
- How to play at NEO Casino
- How to buy NEO
- Advantages & disadvantages of Neo Casinos
- The difference to other cryptos
- How to recognize reputable Neo casinos?
- These limits apply when paying with Neo
- Can you use all games in the casino with Neo?
- Tips & tricks for payment with the Neo Coin
- Neo Alternatives
- Neo Casino FAQ
- Conclusion about Neo Casinos in Australia
The best Neo Casinos
As indicated, Neo Coin is currently not very widespread. Due to its concept and the emerging "smart economy" however, the cryptocurrency is just gaining more and more importance in the gambling industry as well.
Which, by the way crypto casinos which were tested by our experts, do not yet have the currency in their program, but that could change quickly. Especially in recent years, many alternative cryptos have already established themselves in the industry – first and foremost of course the Bitcoin.
What is behind the Neo Coin?
Neo founder Da Hongfei
The digital currency's main focus is clearly on the Asian market. Not without reason is Neo, formerly Antshares, referred to as the Chinese Ethereum Coin.
What sounds friendly at first, many see as criticism, because the founders of Neo Coin have not reinvented the proverbial wheel to achieve success in the industry. Rather, they make use of many already known technologieswhich were previously known primarily from Ethereum.
In fact, opinions on the Neo Coin vary widely, and yet it seems that the inventors are now looking to make inroads in the Western world – where the Ethereum has been traded as a popular digital currency alongside Bitcoin and Litecoin for many years now. However, as noted, the Neo Coin is at least in online crypto casinos much less common than ETH and Co..
To be able to trade on the Neo network, you need so-called NeoIDs. These are established, digital identities, which create a trustworthy and secure basis. Trading is required by own identification, and only with verified accounts – for example, via confirmation by SMS – it is allowed to deposit Coins at Neo Casino.
The coin is based on the eponymous Neo network. Strictly speaking, this is made up of two tokens: Neo and GAS. You could almost compare this to Bitcoin, because there the Satoshi is the smaller unit of currency.
Interesting fact: Neo Coins are comparable to shares. There are only 100 million units, new ones cannot be generated. Anyone who has acquired a share of Neo Tokens automatically gets the opportunity to have a say in the network – and thus, to a certain extent, to influence its further development. influence the further development of the further development.
This is how the Neo Coin price development looks like
The demand was immensely high, especially in 2017, when the token got its new name Neo. Before that, the Antshares Coin was apparently of less interest. Initially, the value per Neo token was just over $1, but it is now significantly higher. In its heyday, Neo Coins traded for around $124.
As with all digital currencies, there are also sometimes sometimes strong fluctuations. However, these are less drastic than with BTC, as there is no mining function. The specified 100 billion tokens can be acquired exclusively via wallets.
How to play at NEO Casino
- Register and confirm
- Go to the cashier after logging in
- Select Neo Coin
- Scan QR code with preferred wallet
- Alternatively: Copy address and paste into wallet
- Set amount – credit will be done in real time
Even though Neo Coin may differ from more well-known cryptocurrencies in some respects: Depositing works in crypto casinos as fast as it is simple. The prerequisite is that a wallet has been set up – be it at Binance, Bitpanda or another platform. There you can Neo Tokens can be acquired without any effort. Once this is done, nothing stands in the way of the Neo Casino deposit.
One advantage of Fairspin: The current Neo Coin rate is clearly displayed in the cashier. During the payment process, any euro amount can be entered, which the provider automatically converts into the corresponding cryptocurrency. In addition, there is information about how much 100 euros in Neo is – presumably because the sum is a standard amount that the majority of customers invest.
The games are mostly played in Euro currency – at least at the Neo Casinos, which have already been extensively tested by our editorial team have been tested. However, it always depends on the game manufacturer, as there can be differences here. Some rely on instant conversion, while other providers now accept more and more digital currencies internally.
Buy Neo: How does it work?
As explained, there is a fixed number of Neo tokens. These can be on crypto exchanges or wallets at the current daily rate. acquire. The coin is available here, among other places:
The creation of an account at the preferred wallet is usually free of charge. However, fees may be incurred when depositing real money. For this reason, it is worth comparing several wallets. If funds are available on the account, they can be exchanged for NEO without any effort.
Advantages & Disadvantages of Neo Casinos
- What are the advantages of NEO as a casino payment method?
- What are the disadvantages with Neo Casinos?
What advantages does NEO offer as a payment method in the casino?
Crypto currencies are generally considered to be very secure. Neo offers no exception in this point, because the system reliability is similar to the western role model Ethereum, as it is based on a similar technology.
In general, the crediting of the crypto casino account should also take place within a few minutes minutes. Customers are thus spared a long wait. In this respect, the Neo Gas Coin is in no way inferior to other, better-known tokens.
Plus: There is now hardly a wallet that Neo does not offer. Customers therefore have a free choice in this area.
These are the advantages of the Neo Coin:
- Low network transaction fees
- Available with almost all crypto wallets
- High system reliability
- Transactions in real time
What are the disadvantages with Neo Casinos?
First of all, it must be clearly stated that the acceptance of Neo Coins here in Europe can be classified as rather low. The token focuses much more on the Chinese market and is supported there by the government system, which is considered extremely strict. The the risk of political influence on the market development should therefore not be underestimated. The extent to which this will affect the gaming industry is difficult to assess.
At this point in time, it is difficult for Neo to compete with better-known competitors – first and foremost Ethereum and certainly Bitcoin. Players have been familiar with these tokens for a long time and there is probably little reason for most of them to "switch" to Neo. The established crypto casinos also seem to be aware of this, so that only a few providers even offer the possibility to make deposits and withdrawals with the cryptocurrency.
All disadvantages at a glance:
- Currently still unknown in Europe
- Few casinos accept Neo Coins
- Political influence by China conceivable
Important note: Despite the criticisms to consider, NEO investors can profit permanently. GAS tokens generated by the main coin are paid out by the company every day. In the long run, Neo is thus well worth an investment.
How does Neo differ from Ethereum?
There are, of course, reasons why the Neo token likes to be called Chinese Ethereum. Both blockchain projects equally pursue the goal of developing smart contracts. This works with the help of so-called DApps and ICOs, which in turn are hosted decentrally.
Another common feature is the subdivision into two different currency units. What the Neo Coin is the GAS token, Ethereum is the ether.. Profits can be generated by providing these assets. In addition, the concept of the open-source project is identical. Behind the coins are large teams that support the community.
So much for the parallels on the basis of which people came to call Neo China's Ethereum in the first place. However, the differences cannot be overlooked. The Neo token receives substantial support from the government of China, but equally from large corporations in the country, such as Alibaba and Wings. Ethereum, on the other hand, receives no national support. What's more, while Ethereum is shareable, the Neo Blockchain is not.
How can you recognize reputable Neo Casinos?
Basically, there are also differences between the major crypto casinos in terms of the range of games, payment methods or bonus promotions. The commonality is usually a gambling license. However, since providers with digital currencies are a contentious issue in this country – especially because of the unlimited payment options – you should at least make sure that the that the license was granted in has been granted. It gives a first reliable indication of the seriousness of the casino.
That a provider of the industry is fair, you can recognize not only by the license. Also the cooperation with well-known game developers is a reliable indication that you are dealing with a reputable Neo Casino. Among other things, well-known providers are characterized by fair odds stand out. Only if such odds are offered, it is worth investing Neo Coins.
Note on player protection at Neo Casinos: Although more than $1 may be wagered per game round and deposits are not limited to $1,000 per month, there are basically measures for responsible gaming at the crypto gaming sites. As a customer, for example, you can set your own limits and, on top of that, benefit from the demonstrably fair blockchain technology.
These limits apply to payments with Neo
Neo Coins can be used by the developer for an unlimited in crypto casinos be deposited, and withdrawals are also possible with the providers known to us as a rule without upper limit possible. Depending on the casino, a certain minimum deposit amount may be required. Likewise, a payout of winnings is usually only possible above a certain value. Far more important: There are no upper limits – one of the reasons why more and more players prefer cryptocurrencies to the classic real money payment.
The example of Neo is a good way to explain the topic of limits. According to the operator, only 1 coin must be sent to the individual and unique valid address. There is no talk of an upper limit, as it simply does not exist. Fairspin, on the other hand, requires a minimum amount of 45.72$. Here takes place automatically the conversion into real money currency.
Can I use all games in the casino with Neo?
As a rule, there is nothing to stop you from doing so. Depending on the gaming provider and casino, it may be that the stakes are placed in euros. Thus, it does not matter which cryptocurrency was used for the deposit. There should be no restrictions on the portfolio, and if there are, they usually only apply because there are special slots or classics that can only be used with Bitcoin.
So, as long as the chosen crypto casino accepts Neo Tokens, the portfolio is just as extensive as for all other currencies as well – no matter whether it is digital or real money. Here are the sections to choose from in the well-known Neo Casinos:
- Slots
- Live Games
- Jackpot Games
- Roulette
- Blackjack
- And even Virtual Sports as well as sports betting
Depositing with Neo Coins does not stop customers from taking advantage of the full variety of their preferred provider. This applies to the games as well as campaigns – including VIP Clubs and the like.
Attention: Some bonus offers, especially for new customers, are limited to bitcoin payments. If you want to take advantage of a welcome offer, you should therefore inform yourself in advance. For example, our editorial team provides information about the applicable provisions in the respective provider test in the bonus category.
Tips & tricks for payment with Neo
The following tips will help you to manage your Neo Coin balance smartly and save costs especially in the long run:
- Invest in NEO for the long term and benefit from GAS tokens.
- Wait for a favorable conversion rate
- Compare crypto wallets
- Choose providers with favorable network transaction fees
Sometimes there are between the wallets and there fees that apply there. Therefore, it makes all the more sense to take a closer look at popular exchanges and take enough time to make a comparison. Purchasing Neo Coins is most worthwhile when the exchange rate is currently low. Also here you should plan plan a little lead time. And: the longer the tokens are held, the higher the profit in the end.
Neo Alternatives
Since the token is still far from being accepted in every crypto casino, it helps to look at the alternatives as well – especially those coins that may now be used almost everywhere for deposits and withdrawals. Detailed tests and explanations of the currencies can be found on our pages. Here now are the options that are offered both in Neo and in many other online casinos:
The first four currencies are now almost always available, whereas there are providers that have not yet implemented Dogecoin, Tether & Co. into the payment system. If you own exactly these coins, you should take a little time to compare providers.
Neo Casino FAQ
Especially because the token is less known than Bitcoin, Ethereum or even Litecoin, it can be useful to look into various issues. After all, it is always helpful to know the basics before considering an investment. Our experts have summarized some interesting topics here in short form.
- Why was Antshares renamed Neo?
- Is Neo the same as real money?
- Is it possible to play anonymously in Neo casinos?
- How reliable are deposits with Neo coins?
- Is Neo a mining coin?
- Is it worthwhile to play at Neo Casino?
1.) Why was Antshares renamed Neo?
In fact, Neo has not been an entirely new invention, but rather it came in 2017 to rename the token that was developed a few years earlier Antshares token – incidentally, the first one created in China by tech professionals. The project had invested a whole 4.5 million US dollars in 2016. Shortly thereafter, the conclusion was reached that a new variant was needed, one that would take advantage of the benefits of blockchain technology. technology. This is how the NEO Coin was born.
Fun Fact: Neo actually comes from Greek and means "new." The change should indeed bring some innovations that make the Coin the Ethereum of China by now.
The concept of the smart economy, which the Neo token aims to achieve, is not entirely new. Nevertheless, the coin works differently than it did before the renaming.
2.) Is Neo the same as real money?
Neo is a digital currency, not a physical one. If it were centralized and taken out of the Neo network, it would no longer have any value. However, there is always the option to exchange real money for Neo tokens – the easiest way is via Crypto Wallets such as Binance or Exodus.
The decisive advantage of the said network is that an investment in the decentralized and digital currency can be worthwhile in the long run. The decisive factors are the GAS tokens belonging to the Neo associated GAS tokenswhich promise very high profits. This is exactly what would no longer be possible with real money at the present time, as even the interest paid by banks for savings deposits is now approaching zero, and negative interest rates are even being charged for bank balances, especially in the case of companies.
3.) Is it possible to play anonymously in Neo Casinos?
Like almost all cryptocurrencies, Neo Coin is decentralized. This means that it is not linked to the banking and financial system. is. Therefore, the payment from the wallet to the casino is made without the interposition of a banking institution. On the other hand, one can still not not from complete anonymity speak, because: Anyone who wants to play in a casino and deposit Neo Coins cannot avoid providing personal details.
However, the registration in most crypto casinos is much easier. Often, it is sufficient to provide the user name and the disclosure of a valid email address. Verification is – if at all – often only necessary when paying out higher winnings.
The decisive factor for security is that the specified data must be reliably encrypted and and under no circumstances be passed on to third parties. In principle, playing with Neo Tokens is therefore similarly anonymous as with any other cryptocurrency – probably the most important reason why decentralized currencies are becoming increasingly popular in Europe.
4.) How reliably do deposits with Neo Coins work?
The Neo casinos we know can be relied on. But not only the choice of the right provider plays a decisive role. Customers should also look very carefully when it comes to the right crypto exchange. Providers mentioned further above are considered to be reliable and are ideal, to make deposits to the crypto casino both quickly and securely.
The crediting should regularly should not take longer than 10 minutes take time. If there are delays, a short chat with the respective support is usually enough. Crypto casinos usually even provide such a chat around the clock.
5.) Is Neo a mining coin?
100 million Neo tokens have been created. However, there is no way to get more coins through mining. As explained, the profit from Gas Token increasesprovided that you hold Neo for a sufficiently long time. In this respect, the coin clearly differs from BTC, which, especially in the early days, was primarily concerned with mining Satoshi through the highest possible server performance.
Interesting fact: Only 50% of the 100 million Neo tokens are even available for purchase.. The second half remains permanently in the company's possession – at least as things stand now. Although there is no mining feature, the currency has established itself since 2017, especially in China. There, it is among the top 20 most successful cryptos.
6.) Is it worth playing at Neo Casino?
It can make perfect sense to look at crypto casinos with Neo currency. Although the token as such is not very widespread so far, you can assume that many alternative cryptocurrencies – including Ethereum, Litecoin or even Bitcoin and Bitcoin Cash – are accepted. In addition, customers at Neo Casino mostly benefit from a wide selection of games, high security standards and sometimes even attractive bonuses..
Neo itself is considered a reliable cryptocurrency that has made a promising start. While the token is still primarily aimed at Chinese investors, it may well be that more and more customers in this country will also invest in the currency – not least because of the option, generate profits through GAS tokens..
Regardless of the fact that acceptance is currently manageable, purchase options are now available on all major crypto exchanges. Both Binance and Bitpanda as well as Exodus are suitable for investing in Neo.
Conclusion on Neo Casinos
The Neo token is still waiting for a real breakthrough in the field of crypto casinos. This is mainly due to the fact that, from experience, players tend to bet on more well-known digital currencies, such as Bitcoin or Ethereum.
Nevertheless, the coin is a good alternative and it can be an advantage to know it and deal with NEO. Think, for example, of investors who were at the forefront of Bitcoin and who recognized its value in time.
In terms of economics, Neo definitely has potential for us. In the gaming sector, it is realistically conceivable that Neo will be adopted in even more online casinos in the future. Those who already own Coins can, on the one hand collect GAS tokensOn the other hand, there are already interesting gaming providers like Fairspin that accept Neo as a means of payment.
Author: Kevin LansonRated: NeoAuthor Rating:
