Is this a decentralized anonymous approach or does it go through a central location to create anonymity?
Its mixed a multiple nodes, it's the most effective way if you really want to be anonymous. If your looking for it to do it on the blockchain, it doesn't, but it's more effective and safer then any one doing it on the chain. You can invest in CN coins for that, but this way is superior and much safer overall. It's really exciting tech, if you really research into how it works
Watch this video. He put it out today to answer some questions about the anon that Neos uses.
http://youtu.be/kbx_O4eg-v8
I think we get that, but the problem is still the centralization. It's simply just a centralized mixer; it might be "effective", but it is definitely not safe! Indeed, it has a single point of failure or breach: the mixer. Unlike CN coins, where an attacker would have to compete with all the miners on the system, this coin is easily destroyed by someone gaining access to these nodes owned by a single person/group.
I say this not because I'm trying to light this coin on fire, but rather because all new coins in the crypto space should be subject to a high degree of scrutiny. The ones with merit will stand on their own.
nearly 100% jump from yesterdays low. 
