whitepaper
ABSTRACT Thank you for taking your time to read this whitepaper for the Neo-Gold project. The information herein was simplified to make it understandable for both experts and novice in the cryptocurrency industry, making the Neo-Gold project what everybody can buy into. We want you to bear in mind that a thorough research was carried before the launch of this project; we assure you that the Neo-Gold project will revolutionize the cryptocurrency industry. Since its inception, blockchain technology has been fraught with controversy over its most natural application value transfer using the network token. Decentralized money is a ground-breaking development, but blockchain technology cannot be reduced to this alone. Being essentially a distributed database, the blockchain allows for various types of distributed ledger entries, the nature of which depends on their interpretation by the blockchain s users. Introducing the blockchain as a foundation for digital cash attracted a great deal of attention to the technology, putting regulators and governments worldwide on high alert in the process. There is no doubt that Ethereum will establish itself as a valid monetary system. But it is also obvious that there should not be too many blockchain tokens in use as money at the present time, since the low liquidity and high volatility this causes prevent the use of emerging blockchain as a secure store of value. We propose to focus on other uses of blockchain tokens those which are often overlooked in favor of the low-level opportunities which blockchain technology might provide, such as smart contracts. There is very strong untapped potential in a classical colored coins approach, and the Neo-Gold platform is designed to realize this to its fullest extent. Smart contracts, being a natural development of Ethereum scripting, are inevitable and will be one of the cornerstones of blockchain technology. On the other hand, certain features are much easier to implement using other approaches. Custom tokens operations realized as an attachment to blockchain transactions are very flexible and can be used in a variety of applications, from national currencies transfer over the blockchain to decentralized trading. A focus on such operations might well complement the approach introduced by Ethereum Neo-Gold is a visionary new cryptocurrency exchange platform positioned to deliver on the promise of advanced Ethereum blockchain infrastructure. It will offer contemporary solutions to archaic financial restrictions allowing its users to rise above. Neo-Gold s mission is to enact a progressive plan that brings the future into focus. please note that this document is not a prospectus. It was constituted for informational purposes only, in order to present Neo-Gold products. Be aware that no purchase is necessary. You are free to take part in the project or not. It is your responsibility to review the existing laws in your country before buying Neo-Gold. You must read, understand and accept the terms of this document before involving yourself in the project.
INTRODUCTION Blockchain Technology is a decentralized ledger system that is transparent, immutable and open for all parties involved in a transaction to have access to its data and get notification each time the ledger is updated. Using cryptography and mathematics, blockchain provides a decentralized data base for every transaction involving value which is immutable and resistant to outages and its authenticity is verified by the entire community. Blockchain has provided trusts between individuals no matter the distance between the two parties eliminating third party institutions. Blockchain will disrupt some traditional institution because of its ground breaking features which enables anyone with an internet connection to be able to participate in a transaction. One of the biggest industries that blockchain based use will disrupt is the payment and banking services industries. Powered by the blockchain technology, transfer of value between two parties across a decentralized network with little transaction fees. The first generation of the digital revolution brought us the Internet of information. The second generation powered by blockchain technology is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better.
FEATURES OF A DECENTRALIZED LEDGER TECHNOLOGY a) Universal Recognition: With the emergence of Bitcoin and other cryptocurrencies, Blockchain technology has gained a global recognition. Lots of industries are now adopting it. Other amazing innovations are being work on presently which will be hosted on the Blockchain network. b) Anonymity: The feature makes the Blockchain truly decentralized, with no checks, with this feature huge amounts of funds are transferred on the network without been traced or even knowing the parties involved. c) Lower fees and smart contract: This awesome feature makes the transaction on the Blockchain less expensive and no need for a third party to confirm the transaction. d) Transparency: The technology Blockchain technology is behind the innovation of cryptocurrencies like Bitcoin makes it possible that all parties involved in a transaction can both monitor and have a copy of the transaction, hence making it decentralized. This feature of Blockchain further fosters trust and honesty between the sender and the receiver of any business transactions carried out. Blockchain technology will help industries to be more efficient, reliable and trusted. Lots of business are currently been structured around the blockchain technology. Indeed Blockchain Is the future of innovation.
INTRODUCTION TO NEO-GOLD Neo-Gold is an innovative smart contract payment platform poised to change the financial landscape on a global scale. This open source smart contract will be the first step in removing the traditional limits of a FIAT based banking system. With advanced blockchain technology as a foundation, any transaction, whether deposit, withdrawal or transfer, will be done in a near instantaneous and secure fashion. This promises to be a significant improvement not only from existing financial institutions but from recent cryptocurrency advancements. The Neo-Gold s structure will permit verification without 3rd party involvement, while allowing users freedom with their financial decisions. These newfound efficiencies will erase borders literally opening up a world of possibilities. Early adopters of Neo-Gold will be well positioned in the current ICO environment to take advantage of this ground breaking opportunity. The roadmap for any successful advancement requires benchmarks to integrate users fully into new technologies. NeoGold will achieve this with the introduction of Neo-gold mobile wallet. Users can make regular transactions anywhere on the planet without the fear of their personal data being compromised. At the same time earning cash back in the form of tokens as a reward program. A shielded connection to a personalized Neo-Gold Wallet promises to deliver full confidentiality. The Neo-Wallet will offer a platform to store not only Neo-Gold but other cryptocurrencies. With built in flexibility, Neo- Gold Wallet holders will be able to respond to market volatility in a secure and efficient manner.
FEATURES OF NEO-GOLD BLOCKCHAIN TECHNOLOGY Blockchain technology is a distributed ledger recording technology; it can record transactions in a secure, transparent, decentralized, efficient, and low-cost way. Blockchain technology originated with Bitcoin as a bottom-level technology, it was originally used to record historical transactions of encrypted digital money such as Bitcoin. As the research on digital money went deeper, the underlying blockchain technology was separated from Bitcoin and further developed as a technology related to existing technologies such as cryptography, network topology, and consensus algorithms. There are several types of block chains public blockchain, private blockchain and hybrid blockchain. Each type has its advantages and disadvantages, allowing them to meet needs of various applications Key advantages Blockchain technology is a disruptive technology with many advantages. First, the decentralized structure, which lacks a centralized database, enables the blockchain to operate with high efficiency and low cost. It is also resistant to outages of a centralized database. Secondly, the technology solves the double-payment problem. The public ledger is shared by users on the Internet. It ensures the security, transparency, and integrity of data, which cannot be tampered with or forged. It helps to protect the security and privacy of user data. Thirdly, because blockchain is programmable, it can increase flexibility and reliability in various applications, currently the main drawback of using block chain technology is the high usage of power and computing resources by the distributed system Potential applications with these features, blockchain technology may be applied in many areas. Swan presents three categories of potential applications. The first is currency, including currency transfer, remittance, and E-payment systems. The second is smart contracts in financial markets. The third is other social applications beyond currency and financial markets, such as notary, voting, and healthcare applications; blockchain has also been discussed as the application of blockchain in digital identification, voting systems, and financial applications the potential applications of blockchain technology.
SMART CONTRACTS Smart contracts are the key element of Ethereum Blockchain. In them any algorithm can be encoded. Smart contracts can carry arbitrary state and can perform any arbitrary computations. They are even able to call other smart contracts. This gives the scripting facilities of Ethereum tremendous flexibility. Smart contracts are run by each node as part of the block creation process. Just like Bitcoin, block creation is the moment where transactions actually take place, in the sense that once a transaction takes place inside a block, global blockchain state is changed. Ordering affects state changes, and just like in Bitcoin, each node is free to choose the order of transactions inside a block. After doing so a certain amount of work must be performed. Peer2Peers The Neo-Gold platform is built upon the peer2peer network that allow interconnectivity and enables speed When several computers are interconnected, but no computer occupies a privileged position, the network is usually referred to as a peer-to-peer network. In this type of network, every computer can communicate with all the other machines on the network, but in general each one stores its own files and runs its own applications. With a client-server network, one or more servers will perform critical functions on behalf of the other machines (the clients) on the network. These functions might include user authentication, data storage, and the running of large, shared, resource-intensive applications such as databases and client relationship management (CRM) software. Typically, both peer-to-peer and client-server networks rely on a shared Internet connection for access to external resources of these basic network structures.
The advantages of peer to peer network are as follows: The main advantage of peer to peer network is that it is easier to set up In peer-to-peer networks all nodes act as server as well as client therefore no need of dedicated server. The peer to peer network is less expensive Peer to peer network is easier to set up and use this means that you can spend less time in the configuration and implementation of peer to peer network. It is not required for the peer to peer network to use the dedicated server computer. Any computer on the network can function as both a network server and a user workstation.
TOKEN SUMMARY TOTAL SUPPLY 100 000 000 CURRENT SUPPLY 50 000 000 TEAM ALLOCATION 4 000 000 AIRDROP #1 10 000 000 BOUNTY PROGRAM 5 000 000 EXCHANGE LISTING 5 000 000 AIRDROP FOR TOKEN HOLDERS/OR BURN 25 000 000 MARKETING 1 000 000 PETROL ALLOCATION 50 000 000 CURRENCY SYMBOL NEOG
ALLOCATIONS & SUPPLY There are two ways individuals can get included with a digital money. From one perspective, they can purchase in and then again, they can offer it. In the two cases clients are expanding the estimation of the specific money that they are utilizing. Be that as it may, this is a custom token and a payment arrangement, particularly intended for the worldwide associate to peer payment industry, however one might say that Neo-gold has a profoundly encouraging future. In the principal stage, we will discharge NEO Gold token in an open ICO. Through open ICO whatever store we get will be hold for the advancement purposes, office setup, frameworks, look into and improvement, abundance programs and other pre-propelling exercises. In the second stage, the Neo-gold will be discharged in broad daylight for all clients who need to purchase, offer, exchange or hold the money. The buy and offer will be facilitated on driving trades. The group will discharge more insights about it in up and coming bulletins.
MOBILE WALLET Online wallets have dependably been a captivating advancement for cryptographic money clients. They continuously request it in simple way. Everything ought to be anything but difficult to utilize, secure and ultra-quick. To utilize our wallet clients should simply enroll a record, and their wallet is prepared to utilize. Features of Neo-gold mobile wallet It is particularly intended for distributed payments Generate and holds different locations in account Send and get Neo-gold digital currency inside a moment Easy to utilize mobile wallet interface Designed to get imperative wallet notice on time through email Easy to send & receive coins: The Neo-gold program based mobile wallet is quick and secured with cutting edge security calculations. You can send and get Neo-gold coins to individual or a vendor by giving custom charges to each exchanges.
One step access Login to your Neo-gold wallet utilizing one stage login highlights. Indeed, even it is incorporated with our two factor validation security to influence it to full verification against the likelihood of record burglary. Secure and stable connection: Secure and stable connection: In light of the ethereum arrange, Neo-gold blockchain is up and running all the time following the all conceivable s ecurity estimations Easy transactions: Send and get exchanges with a solitary snap. Expanding the highlighted online wallet, safe and quickest exchanges affirmations inside a couple of moments.
NEO GOLD ENTERPRISE ALLIANCE To achieve world-wide growth and stable economy, enterprise businesses can join NEO GOLD ENTERPRISE ALLIANCE that will create a partnership with NEO GOLD team in order to further develop our token ecosystem and allow NEO GOLD to be used globally as payment method. NEO GOLD ENTERPRISE ALLIANCE will exist to further work on solving problems to create a global cryptocurrency and ensure its adoption. Solving advertising, promotion, development problems together we will achieve a true decentralized global cryptocurrency. For an enterprise business to join NEO GOLD Enterprise alliance they can pay a listing fee that will be used to fund our development process. There are multiple ranks each with different cost as stated below. SILVER MEMBER 10 000 NEOG PLATINUM MEMBER 25 000 NEOG DIAMOND MEMBER 50 000 NEOG GOLD MEMBER 100 000 NEOG
REWARD FOR NEO GOLD TOKEN HOLDERS - PETROL PETROL is an ERC20 token generated on a weekly basis that will be distributed to all of our token holders at a constant rate based on amount of NEOG they hold. PETROL can be converted to NEO GOLD from a limited supply of 50 000 000 NEOG. This incentive to hold NEO GOLD tokens will assure a stable economic growth and will prevent token holders from dumping NEOG tokens on exchanges for quick profit. PETROL will also be used to vote on future development of NEOG ecosystem. Starting from 1.1.2018 PETROL will start distribution using a snapshotting method of our token holders balance. A constant rate of 1 PETROL for every 1 NEOG is set. PETROL can be converted to NEOG at a rate of 250 PETROL = 1 NEOG.
CONCLUSION NEO-GOLD is something other than a coin. It s an innovation ready to upset the whole payment industry covering distributed payments and mass payments. It resembles of an insurgency in the associate to peer cryptographic money payment world. Customary payment framework expects endeavors to oversee and keep up the frameworks. While for the situation of NEO-GOLD, less support with about less exchange charges sets up most extreme advantages to the clients of neo-gold. Neo-gold offers not just a decentralized payment component in light of the blockchain, however additionally a feasible economy that produces, oversees and safely send/get vast number of exchanges each and every day.