A Rollercoaster of Expectations
For Neo investors, the recent years have felt like a wild rollercoaster ride—with twists, turns, and that inexplicable drop that leaves your stomach somewhere near your throat. The introduction of stricter crypto regulations by China hit the project, often referred to as the ‘Ethereum of China,’ like a surprise pop quiz in a class where you didn’t read the syllabus. In the midst of all this, however, the community has shown remarkable resilience.
Community Spirit: Developers on a Mission
Two dedicated investors, Lucas and Jiří, recently opened up about their journey with Neo. Expecting a little turbulence is one thing, but what they faced was akin to a sudden nosedive—an unexpected “huge drop in price.” Yet, they held onto their tokens with the kind of tenacity you’d expect from a cat clinging to a tree during a windstorm. According to Lucas, the strength lies in the global developer communities that refuse to abandon ship.
“I know a bunch of Neo developer communities that are located across the world. They’re not going to stop the project just because one country doesn’t agree with their vision.”
Why the DeFi Buzz?
When asked what makes Neo’s DeFi applications stand out, Jiří highlighted the importance of reliability. He mentioned Flamingo Finance, a leading DeFi platform on Neo, and praised their transparency. According to Jiří:
“For Flamingo Finance, you could follow any steps on the roadmap they are preparing and what will be going next. They always kept the deadlines, or there was some reasonable justification for a delay.”
Trustworthy communication? That’s rarer than finding a mirage in the desert!
Flamingo Finance: A User-Centric Approach
Flamingo Finance, which migrated to Neo N3 in late 2021, is doing something right since it boasts about $80 million in total value locked, according to DeFi Llama. Lucas, being a user himself, attested to the platform’s commitment to its community. He related a moment of triumph when he requested a ‘claim all’ feature for efficiency; shortly after, the feature magically appeared. Talk about responsiveness!
New Partnerships on the Horizon
This past Monday, Neo made headlines again by partnering with the EU social economy network Diesis. This collaborative effort broadens the scope of both entities and showcases Neo’s vision for blockchain solutions. By integrating decentralized file storage via NeoID, this partnership is set to benefit a massive network of 90,000 organizations and 1.2 million workers across 21 countries.
“Neo pioneered the dBFT [delegated Byzantine Fault Tolerance] consensus mechanism, so there is no mining on Neo. And N3 being an all-in-one development experience makes it the ideal blockchain partner for a global social and solidarity economy network.” – Luca Pastorelli
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