AMA RECAP : CRYPTO CHALLENGERS x NEO BLOCKCHAIN
Venue : CRYPTO CHALLENGERS
Date :28 SEPT 2021
Time : 01:00 PM UTC.

Guest : John Wang

They shared detailed information and his opinions about the project NEO BLOCKCHAIN.

🔴 SEGMENT 1 INTRODUCTION

𝗤𝟭. 𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗽𝗹𝗲𝗮𝘀𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗮 𝗾𝘂𝗶𝗰𝗸 𝘀𝗲𝗹𝗳-𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆?

John W:
my name is John Wang. I'm the head of Neo Ecosystem Growth. I have many years of experience in supply chain management consulting, and several successful entrepreneurial experiences. I’m currently responsible for Neo ecosystem development.

First founded in 2014, Neo is an open-source community driven blockchain platform.
It is the most feature-complete blockchain platform for building decentralized applications. Neo enables developers to digitize and automate the management of assets through smart contracts. It also provides powerful native infrastructures such as decentralized storage, oracles, and domain name service, creating a solid foundation for the Next-Gen Internet.

𝗤𝟮. 𝗖𝗮𝗻 𝘆𝗼𝘂 𝗯𝗿𝗶𝗲𝗳𝗹𝘆 𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲 𝘁𝗵𝗲 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗡𝗲𝗼 . 𝘄𝗵𝗮𝘁 𝗮𝗿𝗲 𝘀𝗼𝗺𝗲 𝗼𝗳 𝘂𝘁𝗹𝗶𝘁𝗶𝗲𝘀 𝗼𝗳 $NEO ? 𝗛𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝘁𝗵𝗶𝗻𝗸 𝘆𝗼𝘂 𝘀𝘁𝗮𝗻𝗱 𝗼𝘂𝘁 𝗮𝗺𝗼𝗻𝗴 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗼𝗿𝘀 𝗶𝗳 𝘁𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗮𝗻𝘆?

John W:
It is the most feature-complete blockchain platform for building decentralized applications. Neo provides powerful native infrastructures such as decentralized storage, oracles, and domain name service, creating a solid foundation for the Next-Gen Internet.

John W:
And now we have pretty low fees :)

𝗤𝟯. 𝗖𝗮𝗻 𝘆𝗼𝘂 𝘀𝗵𝗮𝗿𝗲 𝘁𝗵𝗲 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀 𝘁𝗵𝗲 𝘁𝗲𝗮𝗺 𝗵𝗮𝘀 𝗺𝗮𝗱𝗲 𝘀𝗼 𝗳𝗮𝗿 ? 𝘄𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗺𝗮𝗷𝗼𝗿 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁 𝘁𝗮𝗿𝗴𝗲𝘁 𝗡𝗲𝗼 𝗶𝘀 𝘆𝗲𝘁 𝘁𝗼 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 . 𝗜𝗳 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲 𝗮𝗹𝘀𝗼 𝘀𝗵𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗿𝗼𝗮𝗱𝗺𝗮𝗽.

John W:
So we have launched the new version of our blockchain: N3

I will talk about it a bit later, but first let's talk about the migration. It's the most important thing on our roadmap right now.

Because you can regard Neo Legacy and Neo N3 as two different blockchains. So we are going to migrate from Legacy to N3. It’s basically moving all the assets, smart contracts on a blockchain A to blockchain B.

So that’s a big challenge. And I believe Neo is the first one to do it in the blockchain industry. And all the assets, we will do a migration of all the assets in the next few months. And also then, we will help developers at the same time, we will help developers to deploy, to modify and deploy the new projects on Neo N3. So the migration will be the biggest challenge and task that we are facing in the next few months.

More details here: https://migration.neo.org/

And actually can you pin the most important links for tonight?

Guide to Governance: https://www.youtube.com/watch?v=qEMg9MzziqY
https://neo.org/gov
Guide: how to migrate NEO and GAS to Neo N3: https://www.youtube.com/watch?v=_uXsm808oLU&t=47s
https://neo.org/blog/details/4244

http://migration.neo.org/

One of the new Neo N3 NFT games: https://t.me/tothemoonuniverse
Neo DEX Flamingo Discord: https://discord.gg/W3pQyrZx
https://twitter.com/neo_blockchain

NFT platform: https://t.me/ghostmarketio

N3 Collector’s Edition NFT blind boxes and airdrop
https://medium.com/@neo.smarteco/neoverse-is-here-ef8147dfbba3

Don't forget to migrate if you are a Neo holder.

Q4. 𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝘀𝗵𝗮𝗿𝗲 𝗮 𝗯𝗶𝘁 𝗮𝗯𝗼𝘂𝘁 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗮𝗻𝗱 𝗮𝗹𝘀𝗼 𝘄𝗵𝗮𝘁 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝘆𝗼𝘂 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝘁𝗼 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝘂𝘀𝗲?’’𝘀 𝗰𝗵𝗼𝗼𝘀𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺?

John W:
Well time is the best tester of a technology, and we are one of the earliest blockchains

We have processed a huge number of transactions without any problems, so it attests to security

We had some security audits in the beginning, but since we operated securely in a stable manner so that's not an issue at all.

Neo is a blockchain, so there are no incentives for using the network per se, but some of the projects that build on Neo have incentives.

𝗤𝟱. 𝗪𝗵𝗮𝘁𝘀 𝘁𝗵𝗲 𝘁𝗼𝘁𝗮𝗹 𝘀𝘂𝗽𝗽𝗹𝘆 𝗼𝗳 𝘁𝗵𝗲 𝘁𝗼𝗸𝗲𝗻 ? 𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝘀𝗵𝗮𝗿𝗲 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝘁𝗼𝗸𝗲𝗻𝗼𝗺𝗶𝗰𝘀 𝗼𝗳 𝗺𝗮𝗶𝗻𝗻𝗲𝘁 𝘁𝗼𝗸𝗲?’’𝘀 𝘀𝘂𝗽𝗽𝗹𝘆 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻.

John W:
Neo has a dual token system, Neo has the 100 mln token supply. And Neo generates Gas

On Neo 2 (Neo Legacy), you didn’t need to do anything. You can earn GAS by simply holding NEO token, which is not the best way to participate in the ecosystem. So the participation rate of governance in Neo Legacy is pretty low.

So we decided to change it, we decided to give incentives to the voters. So from Neo N3, you have to vote for the “correct” community member.

A “correct” member means the one chosen by majority. Only if you vote for the correct community member, you’ll get awarded. And there will be 21 council members. These 21 council members will decide different parameters of the blockchain, of the protocol.

Voting can be done here: https://governance.neo.org/

🟢 SEGMENT 2 TELEGRAM LIVE

Q1-Bella 46:
NEO launched an Interoperability protocol called ""Poly network"" to help advance the development of Next-Gen Internet (NGI), can you tell us what Poly network does, and how it is different from NeoX?"

John W:
We launched Poly Network in cooperation with our partners. It is a cross-chain solution that allows projects of different sizes to bridge their tokens to other chains, for example Ethereum to Polygon or Arbitrum.

NeoX is just an old name of this project.

Q2-Akash EA:
Now a days NFTs are all over the market especially gameing NFTs!

What precautions have you takeing to keep your assets an valuable one ?

John W:
Well it's really the market that discovers a value of an asset, and it's the project responsibility to create a use case for it, or a cultural value for it (as in case with games and NFTs)

so for example one of the games that's developing on Neo is ToTheMoon, they've created NFTs but also a fun story an a lot of small games around them. Check them out:

https://t.me/tothemoonuniverse.

Q3-DeathNWar:
Can you share Your opinion about Defi & NFT ? What makes your NFTs rate and special?

John W:
Actually we have a defi + nft project that graduated from our Neo Frontier Hackathon

More information about it here: https://neo-frontier.devpost.com/submissions/236277-humswap

Q4-Arshad KL:
Could you please explain how the platform handles pricing and selling, can the artist decides the list price of their own NFTs.? Is the price of all Neo N3 Neoverse Blind Boxes the same, and do they all come with the same number of Neo NFT tokens, or do they vary?

John W:
Could you please explain how the platform handles pricing and selling, can the artist decides the list price of their own NFTs.? Is the price of all Neo N3 Neoverse Blind Boxes the same, and do they all come with the same number of Neo NFT tokens, or do they vary?

Thank you for your question

So you are asking about this: https://medium.com/@neo.smarteco/neoverse-is-here-ef8147dfbba3

To celebrate the launch of the N3 MainNet, NGD is launching Neoverse — an NFT mint and collection event together with all developer communities. Users from all over the world are welcome to participate. The Neoverse N3 Collector’s Edition NFTs are not only invaluable collectibles but also carry various “VIP” privileges within the Neo ecosystem, further activating the growth of the N3 ecosystem.

The prices are for NFTs are the same, but all are already sold out!

But in fact we will have more airdrops of free blind boxes

How to Participate?
N3 Element NFTs: 9 pieces, 3,000 of each — 27,000 in total.
How to obtain: open any blind box to obtain a random piece
- 9,000 blind boxes to be airdropped via events hosted by Neo, Neo ecosystem projects, and Neo partners starting from 2nd September.
18,000 blind boxes are available for purchase via the official Neoverse website starting from mid-September.
Market trading of NFTs will be available at Ghostmarket from mid-September.

Q5-Bad Girl★ MisaNeko♥️:
NFT is getting more popular now a days. It looks NFT has bright future. So do you guies have any plan to include NFT to your project?

John W:
So we have a good NFT ecosystem.

And one more thing about Neoverse

Basically in it you need to collect all 9 segments representing Neo blockchain strengths:

And then build one of the beautiful NFTss

Q6-Pawer Man 44:
Q : Do You Have Any Plans To Create Own Dex For Staking, Exchange And Farm For The Future? If You Have, What Is It?

John W:
Yes in fact we have it and it’s called Flamingo.Finance.

You can provide liquidity there and participate on yield farming. Very soon it will migrate to Neo N3.

Q7-Bella 46:
I keep getting update about the $NEO and $GAS migration via the #NeoN3 migration portal

Is it necessary to upgrade the wallet to the most recent version?
Is there any way you could provide an additional update on this information?

John W:
All our wallets like Neoline or Neon were upgraded to support Neo N3

you can use one of those, and Neon if you use ledger.

Q8-J Mags:
Under the "MASS MIGRATION" section of the N3 Launch Roadmap, Neo will begin the token migration Incentive Program. Can you tell us more about this program? Who are eligible to participate and what are the possible incentives?

John W:
It’s still ongoing and more details are here: https://neo.org/blog/details/4244

Right now the bonus is still 0.75%, but hurry to migrate your token before Oct1.

Q9-Arshad KL:
On the web you say Neo underwent its biggest evolution when migrating to N3. Question, can you provide details of the plans you have in place to globalize the project and attract new users? Can you name other partnerships that helped develop this goal?

John W:
Some of our bigger partnerships are with BSN - the Chinese government agency to promote blockchain.

Q10-Bella 46:
When I was reading about the NEO project, something drew my interest. Is it true that there is a ""NEO Council"" in NEO? What is a Neo Council, exactly? Are members of the community allowed to participate in this council? What is requirement to join?

John W:
Thank you for some real research about the project

We have 21 council nodes, that had to attract a certain amount of Neo tokens to be among the 21.

And 7 consensus nodes.

Guide to Governance: https://www.youtube.com/watch?v=qEMg9MzziqY
https://neo.org/gov
Guide: how to migrate NEO and GAS to Neo N3: https://www.youtube.com/watch?v=_uXsm808oLU&t=47s
https://neo.org/blog/details/4244

http://migration.neo.org/

One of the new Neo N3 NFT games: https://t.me/tothemoonuniverse
Neo DEX Flamingo Discord: https://discord.gg/W3pQyrZx
https://twitter.com/neo_blockchain

NFT platform: https://t.me/ghostmarketio

N3 Collector’s Edition NFT blind boxes and airdrop
https://medium.com/@neo.smarteco/neoverse-is-here-ef8147dfbba3.

Q11-Bella 46:
When I was reading about the NEO project, something drew my interest. Is it true that there is a ""NEO Council"" in NEO? What is a Neo Council, exactly? Are members of the community allowed to participate in this council? What is requirement to join?

John W:
"So from Neo N3, you have to vote for the “correct” community member. A “correct” member means the one chosen by majority. Only if you vote for the correct community member, you’ll get awarded. And there will be 21 council members. These 21 council members will decide different parameters of the blockchain, of the protocol."

Thank you everyone, thanks for following Neo, there were some good questions where I can see your members did research about Neo