Who created it? Da Hongfei , CEO of Onchain and blockchain evangelist in China, along with co-founder Erik Zhang
The skinny: Tung predicts Neo, dubbed the “Ethereum of China,” will explode if China eases its stance on ICOs and bitcoin. Ethereum is the clear No. 2 behind bitcoin in terms of market cap at $61 billion. So Neo obviously has a long way to go.
Founder Da Hongfei recently went on CNBC to soothe fears about cryptos getting overheated. “I would say that there is a bubble in this industry, but would say it’s OK,” he said. “Every technology that is so disruptive — there’ll definitely be bubbles, like the train or the automobile.” Neo has been around since 2014, when it was called “Antshares.” Yes, it’s been changed to reference the Matrix.
NEO’s circulating supply is currently at 65 million, out of a total of 100 million coins.