Many people have high expectations for the NEO ecosystem in 2018 – particularly NEO ICOs. Whilst the Ethereum blockchain is busy responding to current needs, NEO aims to provide the answer for the future.
Some of which have even started out on Ethereum, and are moving over to NEO ICOs for various reasons. Bold move? Let’s take a look.
ICO: Feb 13th
Private pre-sale: Ongoing (ends Feb 9th)
Hard cap: 166,667 NEO (approx. $25m today)
First up is Narrative – a content economy which is one of the ICOs to switch blockchains recently, from Ethereum to NEO.
In a post on the switch, founder Ted O’Neill explained that when they started Narrative, Ethereum was ‘the King Kong of blockchain development platforms’.
He added that they have ‘witnessed some growing pains of Ethereum- transaction bottlenecks, high transaction fees, and muddied enhancement plans’.
Impressed by the capabilities of NEO, Narrative decided to make the move. A few days later, PikcioChain announced a similar move from Ethereum to NEO.
But what exactly do they do?
Narrative prides itself on rewarding content creators, moderators and ‘everyone who positively influences the quality of content’.
It allows users and brands to tell stories in its social network – and describes itself as a ‘mashup between Medium, Instagram and Twitter, but with more focused subject-matter’.
Additionally, 85% of all revenue will be distributed to users.
Behind Narrative are co-founders of Social Strata, Ted and Rosemary O’Neill, software engineer and architect Brian Lenz, and innovator, entrepreneur and educator Michael Farris.
You can register for the token sale here.
2. Thor Token
Hard cap: TBA
Next up in the NEO ICOs lineup is THOR, which provides blockchain-powered gig economy solutions for contractors.
THOR solutions aim to offer instant pay after a job is completed, a network consisting of employers and candidates, and benefits including earning interest using Thor 401(k).
With Thor’s retirement savings account, users can earn an interest and grow their portfolios.
Led by CEO David Chin, CTO Matt Moravec and CMO Matthew Lawler, with experience from Volvo, Optimizely and Dubai Silicon Oasis, we’ve yet to discover the ins and outs of the final details.
They aim to release their whitepaper here very soon.
Hard cap: $25m
Combining an off-chain matching engine with NEO, NEX aims to provide faster and more complex trades.
With exceptionally high trade volumes, NEX also handles order types, including market and limit orders, that are not yet available on other decentralized exchanges.
Its five co-founders are all developers: Fabio C. Canesin, Fabian Wahle, Ethan Fast, Luciano Engel and Thomas Saunders. Their background ranges from designing for Fortune 500 companies, co-founding CoZ, creating NEON Wallet and designing for Alexa 500 websites.
They recently announced that there is no whitelist.