Why Did imusify Choose NEO?
One of the first, and most common questions we get asked these days is “Why NEO?” It’s right up there with “What is NEO?”
Let’s start with the second question;
“NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the non-divisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network.” (NEO (cryptocurrency) — Wikipedia)
On the surface, it seems fundamentally identical to other dApp focussed blockchain platforms like Ethereum. It has, however, several differences that make it very attractive:
Why NEO beats other ICO platforms:
NEO is focused on Smart Economy, not just Smart Contracts, with several key differentiators including;
- Planned integration with regulators and other institutions for transparency and regional/global acceptance.
- Proof of Stake, rather than Proof of Work, quantum proof consensus algorithm for both security and significantly higher transactional throughput.
- Broad international acceptance with, to date, no evidence of fraud.
- Core Accountability and Transparency features with several chain-based digital ID solutions already in progress.
- NEO smart contracts are very expensive to deploy, which means that there is much less likelihood of the ecosystem being polluted with scams and other distractions common to other ICO capable blockchains.
- NEO has a strong development community and currently supports C# and Python for Smart Contracts as well as integrations using C#, Python and JavaScript libraries.
NEO ICOs, historically, have the highest average rating and largest average raise compared to the top 10 ICO platforms.
Due mostly to the above, there is much less competition and noise within the NEO community. NEO projects are invariably higher quality and lower risk than the average Ethereum project.
For imusify, the NEO platform speaks to our core vision of a “Smart Music Economy” where waste is continuously pruned from the economic flows. It promotes trustful interactions, which are key to the imusify vision, by allowing imusify to inherently capture each actor’s accountability within the platform, thereby eliminating the need for us to shoulder the burden of “bad actors” ourselves.
The NEO platform offers imusify the perfect platform to execute our vision with none of the drawbacks of more common platforms and a large pool of free capital looking for great projects to promote.
