We just recently blogged about how NEO (NEO) and GAS (GAS) are going to be much more easy to use, and could potentially be a replacement for the Ethereum (ETH) network. But, since then, something pretty big has happened – and NEO coin holders are freaking out.
NEP-5 Tokens will soon be tradable on Binance
Binance is one of the most popular cryptocurrency exchanges on Earth when it comes to volume. In fact, in the last 24 hours, it has processed the 2nd highest volume out of all the exchanges – second to OkEx, which is the winner today.
If you haven’t’ already seen the magazine, the Chief Executive Officer of Binance is the current coverboy. The CEO, named CZ, has been getting a lot of attention on social media for being featured so prominently in a top financial publication. And he has been getting an extra amount of love from NEO coin fans, after saying on Twitter that NEO tokens (called NEP-5 Tokens) will soon be tradable on his exchange:
Nep5 coming soon.
— CZ (@cz_binance) February 7, 2018
That’s a huge deal. NEP-5 tokens are to NEO what ERC-20 tokens are to Ethereum (ETH) – new ICOs are launching on top of this platform and creating NEP-5 tokens as a result. Being on this top crypto exchange will only boost its profile and the population that can access these different coins.
That’s not the only NEO coin news as of late, either
There is a highly-anticipated new cryptocurrency exchange called Neon Exchange (NEX), and it is going to launch on the NEO blockchain this year. It’s an exciting project because it will feature ETH and ERC20 token trading, on top of NEP-5 tokens and GAS (GAS) beginning in Q3.
Well, just in the past day, a new partnership was announced between NEX and Red Pulse (RPX):
Partnership between Red Pulse and NEON Exchange #NEX! #RPX will be the first NEP5 based decentralized app on NEX. NEX to develop an innovative seamless fiat-to-crypto conversion solution for Red Pulse users. #CoZ #Blockchain #Crypto https://t.co/eOxkKHUwUC pic.twitter.com/8Nziw99Nz4
— Red Pulse (@red_pulse_china) February 8, 2018
Here is how Red Pulse describes the new collaboration:
“The NEX payment service enables third-party smart contracts on NEO to send and receive global assets such as NEO and GAS. As part of the partnership, Red Pulse (RPX) will be the first NEP-5 based decentralized application to be included on the platform. NEX will also aim to develop a solution that will be embedded within the Red Pulse platform, allowing for seamless purchasing of RPX using conventional credit cards to directly convert to fiat, and deposit to users’ bank accounts using integrators on NEX’s network.”
It’s just another brick in the wall for the journey that NEP-5 tokens are taking, and later this year they will be much easier to interact with for average people like us.
Do you guys think that this coin could unseat Ethereum (ETH)?
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.