Symbol: NEOG
Type: Smart Contracts
Total Supply: 100,000,000
Current Price: $0.059079 USD
This does not seem to be from the NEO team, however it does seem to be similar to NEO because it is a platform for smart contracts.
Also NEOG has the same total supply as NEO, which is 100,000,000, and the "GAS" for NEOG is called PETROL.
PETROL is an ERC20 token generated on a weekly basis that will be
distributed to all of our token holders at a constant rate based on
amount of NEOG they hold. PETROL can be converted to NEO GOLD
from a limited supply of 50 000 000 NEOG. This incentive to hold NEO
GOLD tokens will assure a stable economic growth and will prevent
token holders from “dumping” NEOG tokens on exchanges for quick
profit. PETROL will also be used to vote on future development of
NEOG ecosystem. Starting from 1.1.2018 PETROL will start distribution
using a snapshotting method of our token holders balance. A constant
rate of 1 PETROL for every 1 NEOG is set. PETROL can be converted to
NEOG at a rate of 250 PETROL = 1 NEOG.
Only time will tell, and at this point after the Bitcoin Cash situation I would not be surprised with anything at this point.
Thanks for checking out my post, and let me know what you think in the comments.
Source: https://neo-gold.com/
Whitepaper: https://neo-gold.com/whitepaper.pdf
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This for entertainment purposes only!
Post - Vote - Earn :D
