Neon EVM is a gas fee solution for extending Ethereum dApps based on Solana.
EVM is the abbreviation of Ethereum Virtual Machine, which is also one of the important components in the Ethereum ecological network.
At the same time, the Ethereum Virtual Machine provides a sandbox environment to execute smart contracts to ensure the security and isolation of the code. The design of EVM allows technicians to use any programming language to write smart contracts. At the same time, the emergence of EVM has also made Ethereum a successful decentralized and programmable blockchain platform.
dApp, short for decentralized application.
Decentralized application is an application technology based on blockchain technology. It will not be controlled by an individual entity, but is jointly used for governance through distributed network nodes. dApps are designed to be transparent, secure and censorship-resistant.
Although Ethereum's native network is highly scalable, its low transmission capacity and high gas fees still restrict the development of many projects and ecosystems. Although with the continuous development of blockchain technology and the expansion of L2 technology, gas fees have been effectively reduced and transmission performance has been improved. However, according to actual tests, the transmission performance is still unable to meet the transmission work during peak periods, resulting in the loss of every trader. In order to gain an advantage, they began to use high gas fees to complete their tasks. Although L2 technology reduces costs, it still cannot completely get rid of Ethereum's title of "noble chain".
With the current development and upgrade speed of Ethereum, the entire ecosystem is becoming more and more complete and its influence is growing. More and more ecosystems rely on the Ethereum platform to develop and expand projects. Although Ethereum has good expansion capabilities, the currently developed L2 projects still cannot solve the fundamental problems of Ethereum.
Neon EVM implemented another curve-saving method to save the country. This method uses the low congestion, high transmission, and low Gas of the SOLANA chain to complete the transfer of projects or tokens on the Ethereum chain, and uses the mature SOLANA as a side chain to complete redundant work and reduce congestion for the entire Ethereum ecosystem. The environment has been improved, effectively reducing the high gas cost of traders participating in Ethereum projects, and successfully empowering the growth of Ethereum.
Let us take a new look at Neon EVM. Neon EVM is a gas fee solution for extending Ethereum dApps based on Solana. The platform allows developers to deploy Ethereum dApps without any reconfiguration.
Neon EVM serves any developer or product team that wants their dApp to reach Solana customers. Teams interested in significant savings due to low gas fees, or scaling through the high throughput provided by Solana, may be first movers. Neon EVM also opens liquidity on Solana to DeFi products.
The Neon EVM program is a smart contract on the Solana chain that accepts Ethereum-like transactions and processes them on Solana according to Ethereum rules.
Neon EVM token is: Neon
Neon is a utility token with two functions:
1. Pay the gas fee,
Neon agent operators accept users to use NEON tokens to pay the gas fees required for transaction execution.
2. Community managers hold
All participants of Neon tokens can participate in Neon DAO activities.
At the same time, the project provides NeonScan as a blockchain browser and analysis platform to check Neon transactions in Solana.
MetaMask wallet (Little Fox) currently supports Neon EVM transactions and already allows dApp developers to sign transactions and deploy tokens.
As the native token in Neon EVM, NEON can be used as a payment method for user transactions (transfer, dApp deployment, interaction, etc.), similar to the application of Ethereum in the Ethereum ecosystem.
Secondly, as a community governance token, every participant can conduct decentralized governance and voting on Neon DAO.
And Neon tokens support all ERC-20 interfaces for transactions
As soon as the Neon EVM project was launched, it was publicly raised on the famous Coinlist. This public raising platform is an internationally renowned platform. Projects that have been publicly raised on this platform include SOL, FIL, ICP, FLOW, NERAIMX, GODS, BICO, etc. Coinlist has not had a public offering project since 2022 due to the bear market. Neon EVM immediately applied for public offering on the Coinlist platform after its launch, and finally logged into Coinlist after passing strict review.
At present, the Neon EVM project has raised US$40 million in angel investment. The first round was led by the Solana Foundation, and the second round was led by Three Arrows Capital. Ethereal Limelight, IDEO Labs and Jump Capital jointly participated in the investment.
The total number of Neon tokens is 1 billion.
Among them, early buyers: 16.12%,
Key partners and consultants: 7.02%,
Founder: 15.00%
Early contributors (airdrop): 1%
Ecosystem Growth (Treasury): 23.94%
All the above tokens are locked for 1 year and will be released linearly after 1 year.
The amount of this public offering is only 5%, and 5% of the public offering will be directly unlocked and circulated after the token goes online on July 17.
Expected valuation of the token:
Based on previous public offerings on Coinlist, it is estimated that there is 20 times the potential from public offerings to development transactions.
Judging from the current number of public offerings and the 40 million US dollars that have been raised so far, combined with the development prospects of the project itself, it is expected that the launch will be more than 2 US dollars. If the enthusiasm is high, the market value will rise rapidly, and the value will increase!
Neon will officially go online on July 17, and the launch should be synchronized with exchanges of all sizes. What do you think of this Neon project? Will this project eventually be successfully launched on Binance? Welcome to leave your comments!