What is Neon EVM (NEON)? The Decentralized Future of dApps

Check Today's Crypto Market:

Bittime -  Neon EVM (NEON) emerged as a bridge between two important worlds in the blockchain ecosystem: Ethereum and NEAR Protocol. With a mission to enable developers to use Ethereum Virtual Machine (EVM) smart contracts within the NEAR network, Neon EVM combines the strengths and uniqueness of each platform. Packed with advanced technology and a revolutionary vision, Neon EVM opens the door to greater interoperability, more flexible development scenarios, and exciting economic opportunities. 

What is Neon EVM (NEON)?

Neon EVM (NEON) is a crypto project that aims to bring Ethereum Virtual Machine (EVM) smart contracts to the NEAR Protocol network.

With this integration, Neon EVM enables developers to use the Solidity programming language commonly used on Ethereum to build and embed smart contracts on the NEAR Protocol network. This opens the door for developers to embrace the NEAR ecosystem while maintaining their expertise in smart contract development.

How it Works and Main Features

Neon EVM serves as a bridge layer between the NEAR Protocol and Ethereum networks, allowing developers to execute Ethereum smart contracts within the NEAR environment. This way, users can take advantage of the speed, scalability, and low fees offered by NEAR Protocol while maintaining compatibility with Ethereum's existing infrastructure and programming languages.

Key features of Neon EVM include:

• Neon EVM: An EVM-compatible virtual machine that allows developers to deploy existing Solidity smart contracts without modification.
• Neon Bridge: A bridge that connects Neon EVM with Ethereum, enabling secure and seamless transfer of assets and data.
• Neon SDK: A software development kit that makes it easy for developers to build dApps on Neon EVM.
• Neon Wallet: A non-custodial wallet that allows users to store, send, and receive NEON tokens and other digital assets.
• Neon DEX: A decentralized exchange ( DEX ) that allows users to trade NEON tokens and other digital assets in a safe and efficient manner.

Also read: Altcoins vs Stablecoins: Key Differences between the Two

Founder of Neon EVM (NEON)

The Neon EVM project was founded by a team of developers experienced in the crypto industry and software development. The founders have a vision to expand smart contract development capabilities by bringing Ethereum compatibility to the NEAR Protocol network.

What is NEON Token?

NEON token is the native utility token of the Neon EVM platform. This token is used for:

• Pay transaction fees on Neon EVM.
• Stake tokens to earn rewards and secure the network.
• Participate in Neon EVM governance.
• Access exclusive features and services on the Neon EVM platform.

Check Price :

NEON Token Tokenomics

• Maximum Supply: 100,000,000 NEON
• Token Allocation:
  • Public Sale: 30%
  • Team and Advisors: 20%
  • Ecosystem and Incentive Funds: 25%
  • Reserve: 25%
• Token Release Schedule:
  • Public Sale: 20% on TGE, 80% released linearly over 24 months.
  • Team and Advisors: 10% on TGE, 90% released linearly over 36 months.
  • Ecosystem and Incentive Funds: Issued periodically based on milestone achievements.
  • Reserve: Issued at the discretion of the Neon EVM team.

Also read: Solidus Ai Tech (AITECH): Artificial Intelligence Innovation in Blockchain

Neon EVM (NEON) Fundamental Analysis

• Technology: Neon EVM uses energy-efficient and scalable Proof-of-Stake (PoS) blockchain technology.
• Team: The Neon EVM team consists of experienced engineers and entrepreneurs with a proven track record in the blockchain industry.
• Community: Neon EVM has a fast growing community of over 10,000 members across various social media platforms.
• Partnerships: Neon EVM has established partnerships with several leading blockchain projects, including Chainlink, Band Protocol, and The Graph.

Also read:

Comparison of Neon EVM (NEON) & Competitors

Conclusion

Neon EVM is an innovative blockchain platform with great potential to become a major player in the blockchain industry.

The platform offers many benefits to developers and users of dApps, including scalability, security, interoperability, and low transaction fees. The Neon EVM team is experienced and dedicated to building a successful blockchain platform.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Binance Futures Presents MAVIAUSDT Contract with 50x Leverage

What is Liquity (LUSD)?

Understanding Blockchain Technology: History and How It Works

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.