
Neoneo#152
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$2.00
7d Change
-8.66%
30d Change
-21.82%
24h High
$0.000000
24h Low
$0.000000
Price Chart
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About Neo
NEO is a blockchain platform designed to build scalable network applications, often referred to as the 'Chinese Ethereum.' The platform supports smart contracts and distributed applications through a delegated Byzantine Fault Tolerant consensus mechanism. NEO utilizes a two-token system where NEO represents network ownership and voting rights, while GAS is used to pay for network resources and transaction fees.
Primary use case: Providing a blockchain infrastructure for building and deploying smart contracts and decentralized applications with voting governance.
CoinHours Analysis
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Understanding Neo Price Data
The Neo price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for Neo is calculated by multiplying the current price by the circulating supply — the number of NEO units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for Neo on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
Neo for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats Neo and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding NEO for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy Neo through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Neo protocol in plain English.
Neo FAQ
What is the difference between NEO tokens and GAS tokens?
NEO tokens represent ownership in the NEO blockchain network and provide voting rights for governance decisions. GAS tokens serve as the fuel for the network, used to pay transaction fees and deploy smart contracts. NEO holders automatically earn GAS tokens over time, making NEO similar to holding shares that pay dividends.
How does NEO's consensus mechanism work?
NEO uses a delegated Byzantine Fault Tolerant (dBFT) consensus mechanism. Instead of mining, the network relies on a limited number of consensus nodes that are voted in by NEO token holders. These nodes validate transactions and create new blocks, providing faster processing times and energy efficiency compared to proof-of-work systems.
Are there tax implications for Australian NEO investors?
Yes, the ATO treats NEO as a cryptocurrency asset subject to capital gains tax. Australian investors must track all NEO transactions including purchase dates, amounts, and AUD values. GAS tokens earned from holding NEO may be considered assessable income when received, requiring careful record-keeping for tax purposes.
What programming languages does NEO support?
NEO supports multiple programming languages including C#, Java, Python, and JavaScript. This multi-language approach distinguishes NEO from platforms that use proprietary languages, making it more accessible to developers with different technical backgrounds and potentially accelerating dApp development on the platform.
What are the main risks of investing in NEO?
Key risks include centralisation concerns due to the limited number of consensus nodes, regulatory uncertainty particularly regarding China-based projects, competition from established platforms like Ethereum, technical vulnerabilities in smart contracts, and general cryptocurrency market volatility. Success depends on continued developer adoption and ecosystem growth.
Frequently Asked Questions
How often is the Neo price updated?
CoinHours pulls live NEO pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the Neo price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying Neo legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store Neo on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.