What is NEO Classic?
NEO Classic is a new global open-source payment network – free from any unnecessary intermediaries or centralized control. It is a hard fork of the popular NEO currency that utilizes the ETH algorithm to provide users with the highest possible transaction speeds and all the benefits of smart contract. NEO Classic is based on the Ethereum engine, making it faster and smarter than ever. With its superb mining opportunities, a user-friendly multi-platform wallet, and tools for creating new tokenized assets, NEO Classic is exactly what is needed to make the shift from the traditional economy to the true Future Economy.
The NEO Classic fork is planned for 24th August, 2019 (20:00 GMT) – that’s when a snapshot of the NEO network will be taken. At this point, every NEO holder will receive NEO Classic tokens at a 1:2 ratio. For instance, a user who holds 100 NEO will receive 200 NEO Classic after the fork.
The NEO Classic fork is planned for 24th August, 2019 (20:00 GMT) – that’s when a snapshot of the NEO network will be taken. At this point, every NEO holder will receive NEO Classic tokens at a 1:2 ratio. For instance, a user who holds 100 NEO will receive 200 NEO Classic after the fork.
NEO Classic Features
Mining
All users are welcome to join the NEO Classic network and begin mining as soon as the fork happens. We will award each miner with 5 NEO Classic tokens per block. Software for mining solo or expanding one’s mining pool will be available from the NEO Classic repository right after the fork.
Web Client
We have worked hard to create a truly easy-to-use, convenient yet sophisticated web client for NEO Classic. No need to download the client and all the blocks to access the network – we have invested our time so that you can save yours! With our client, you will be able to store and use both ether and digital assets built on NEO Classic, as well write and deploy smart contracts.
Smart contracts
With NEO Classic you can create your own tradeable digital tokens. It can be a new crypto currency, virtual share in a business, proof of membership, representation of an asset – the possibilities are endless. All such tokens will use a standard API, so that your new smart contract will be automatically compatible with any wallet, exchange, or another contract that use the same standard. You can set the total number of tokens for your project to a fixed figure or make it fluctuate according to a scheme that suits your needs.
Snapshot complete. For claim fork NEOC use official wallet - https://neoc.network/
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