According to the official website, Neo is “a non-profit community-based blockchain 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 project was initially introduced as AntShares (ANS) in February 2014 and was funded by two crowd sales. Its initial coin offering (ICO) raised over $4.5 million; the first crowd sale took place in October 2015 during which 17.5 million tokens were distributed, and the remaining 22.5 million tokens allocated for sale to early investors were distributed during the second crowd sale.
NEO has been a hot topic of discussion these days across various online platforms and community boards.
With this feature, NEO also enables the new platforms to have their own, customized tokens, which also go by the name of NEP-5.