Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
Rise 40%
Fall 60%
$3.35
#247
$234,483,235
$28,011,276
70,530,000
100,000,000
NEO is a next generation smart economy platform (formerly Antshares) and China's first open source blockchain that was founded in 2014, is often known as the “Ethereum of China”. What is NEO? NEO uses a smart economy approach to implement its distributed network concept. Its main objective is to digitize assets using the decentralized network of blockchain technology and digital identity. Neo’s main aim is to be the distributed network for “smart economy”. As their website states: "Digital Assets + Digital Identity + Smart Contract = Smart Economy." Neo was developed by Shanghai-based blockchain R&D company “OnChain” and funded by two crowdsales: first crowdsale on October 2015 sold 17.5 million NEO tokens for $550,000 and the second crowdsale sold the remaining 22.5 million NEO tokens for $4.5 million. So why NEO? Asset digitization and identity on the NEO platform essentially creates a novel way for asset registration, issuance, and circulation. This means that tangible assets like real estate, company shares or even fiat money can be digitized and traded on the NEO network, thus giving rise to a whole new economy. Its digital identity system allows for integration between the platform and the real world economy. It has custom digital identity standards that enable the creation of electronic identity data for individuals, organizations and even entities. These electronic systems use multi-layered authentication models that include facial and voice recognition as well as fingerprints. All digital assets on the platform enjoy legal protection thanks to the use of digital certificates on its public blockchain. This, in turn, guarantees trust as the system offers an indelible and unalterable record of all entities’ holdings.
Rank #2
$2,933.31
-2.51%
Rank #7
$122.92
-3.28%
Rank #9
$0.2948
+0.77%
Rank #12
$0.3473
-3.04%
Rank #92
$0.1201
-1.47%
Rank #105
$0.009901
-2.65%
Rank #143
$0.5251
-6.65%
Rank #369
$1.25
-1.53%
Rank #442
$0.006174
-2.96%
Rank #626
$0.06540
-2.46%
Rank #1786
$0.003037
+83.33%
Rank #30031
$0.7543
-0.50%
27 Jan 2026, 09:25
BitcoinWorld Bithumb NEO Suspension: Essential Upgrade Halts Deposits for Smart Economy Tokens In a significant operational move, the prominent South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposit and withdrawal services for Neo (NEO) and Gas (GAS). This pivotal action, effective from 9:00 a.m. UTC on February 3, directly supports a scheduled and substantial upgrade to the Neo mainnet. Consequently, this decision impacts traders and holders globally, highlighting the intricate relationship between major exchanges and the underlying blockchain networks they support. Bithumb NEO Suspension: A Detailed Timeline and Rationale Bithumb, a leading digital asset platform in South Korea, formally communicated the suspension to its user base. The exchange will halt all deposit and withdrawal functionalities for the two interconnected tokens precisely at the stated time. Importantly, trading for NEO and GAS on Bithumb’s spot markets will remain operational during this period. This specific distinction is crucial for users to understand. The suspension is a proactive, technical measure, not a reaction to market conditions or regulatory pressure. The core reason for this service pause is to ensure a secure and stable environment for the Neo network’s upcoming mainnet upgrade. Blockchain upgrades, often called hard forks or network enhancements, require nodes—including those operated by exchanges—to update their software. By suspending movements on and off the exchange, Bithumb prevents potential transaction failures, loss of funds, or chain splits that could occur if deposits or withdrawals were processed during the unstable upgrade window. This is a standard industry practice that demonstrates responsible custodianship. Understanding the Neo Blockchain and Its Dual-Token Model To fully grasp the impact of Bithumb’s announcement, one must understand the Neo ecosystem. Often dubbed “China’s Ethereum,” Neo is a decentralized, open-source blockchain platform launched in 2014. It facilitates the development of digital assets and smart contracts, aiming to build a comprehensive “Smart Economy.” A unique feature of Neo is its dual-token system: Neo (NEO): This is the governance token of the network. Holding NEO grants voting rights on protocol changes and generates the second token, GAS. Users cannot subdivide NEO; it exists only in whole numbers. Gas (GAS): This is the utility token used to pay for transaction fees and computational services (like deploying smart contracts) on the Neo network. It is generated automatically and distributed to NEO holders. This symbiotic relationship means an upgrade affecting the Neo blockchain inherently impacts both assets. Exchanges must manage both tokens carefully during any network transition. Expert Perspective on Exchange and Network Coordination Industry analysts consistently note that coordinated actions between exchanges and development teams are vital for ecosystem health. “When a major exchange like Bithumb announces a planned suspension, it’s a sign of mature protocol management,” explains a blockchain infrastructure specialist from a Singapore-based fintech firm. “It indicates prior communication with the Neo development team and a commitment to user asset safety. The alternative—an exchange continuing services during an upgrade—poses far greater risk.” This perspective underscores that such suspensions, while temporarily inconvenient, are a hallmark of professional operations in the cryptocurrency sector. The Broader Impact on Traders and the Neo Ecosystem The immediate effect of Bithumb’s decision is clear: users cannot move NEO or GAS into or out of their Bithumb wallets during the suspension window. However, the implications extend further. Market liquidity for these tokens may become slightly fragmented, as arbitrage opportunities between Bithumb and other exchanges are temporarily cut off. Historically, such planned technical events have caused minimal price volatility, as the market typically anticipates them. For the Neo ecosystem itself, the upgrade represents progress. Mainnet upgrades often introduce improvements in: Scalability: Enhancing the number of transactions the network can process per second. Security: Implementing new cryptographic techniques or patching vulnerabilities. Functionality: Adding new features for decentralized application (dApp) developers. Bithumb’s cooperation ensures its users can seamlessly access these new features once the upgrade is complete and services resume. The exchange has stated it will notify users through its official channels when deposit and withdrawal capabilities are restored, which typically occurs within 24-48 hours after a successful upgrade. Bithumb NEO/GAS Service Status During Upgrade Service Status During Suspension Notes NEO/GAS Deposits Suspended Transactions will not be credited. NEO/GAS Withdrawals Suspended Requests will not be processed. NEO/GAS Trading (Spot) Operational Users can still buy/sell on the exchange. Wallet Services Under Maintenance Network reconciliation in progress. Conclusion The Bithumb NEO suspension on February 3 is a carefully planned operational procedure essential for supporting the Neo mainnet upgrade. This action underscores the technical diligence required in cryptocurrency exchange management and the importance of ecosystem coordination. While temporarily restricting asset movement, the suspension ultimately safeguards user funds and ensures the stable integration of network improvements. For traders and long-term holders, this event is a routine part of blockchain evolution, reflecting the ongoing maturation of platforms like Neo and the exchanges that list them. FAQs Q1: Can I still trade NEO and GAS on Bithumb during the suspension? A1: Yes. Bithumb has explicitly stated that spot trading for both NEO and GAS will remain active. Only the deposit and withdrawal functions are temporarily halted. Q2: How long will the deposit and withdrawal suspension last? A2: Bithumb has not announced a specific end time. Typically, such suspensions last until the exchange confirms the Neo network upgrade is stable and their node software is fully updated. This process often takes 24 to 48 hours after the upgrade begins. Q3: What should I do with my NEO and GAS on Bithumb before February 3? A3: If you plan to move your tokens to a private wallet for the upgrade period, you must initiate the withdrawal well before the 9:00 a.m. UTC deadline on February 3. If you are comfortable leaving them on the exchange, no action is required for trading. Q4: Will this suspension affect the price of NEO or GAS? A4: Planned technical suspensions by major exchanges usually have a minimal direct impact on price, as the information is public and anticipated. Price movements are more likely tied to broader market trends or the specific technological improvements introduced by the Neo upgrade. Q5: Are other exchanges also suspending NEO and GAS services? A5: It is common for multiple global exchanges to announce similar suspensions around a major mainnet upgrade. Users should check announcements from their specific exchange platforms for confirmation. The Neo Foundation usually provides a list of supporting exchanges. This post Bithumb NEO Suspension: Essential Upgrade Halts Deposits for Smart Economy Tokens first appeared on BitcoinWorld .
25 Jan 2026, 05:08
NEO under downtrend pressure at 3.61$; upside if 3.62$ resistance breaks, bearish on 3.59$ breach below. Cautious scalping recommendation with BTC sideways correlation.
24 Jan 2026, 04:16
NEO at $3.66 is close to $3.62 support, could test $3.6947 resistance. Strong support $3.4160, resistance $4.9542; BTC downtrend could trigger lows.
22 Jan 2026, 07:10
BitcoinWorld Upbit NEO Suspension: Essential Guide to the Critical N3 Hard Fork and Trading Halt In a significant move for the Asian cryptocurrency market, leading South Korean exchange Upbit announced on February 1, 2025, that it will temporarily suspend all deposit and withdrawal services for NEO and its companion token, GAS. This proactive suspension, effective from 3:00 a.m. UTC on February 2, directly responds to a scheduled and critical hard fork on the NEO N3 network. Consequently, this decision will immediately impact traders and holders on one of the region’s most prominent trading platforms. Understanding the Upbit NEO Suspension Announcement Upbit, operated by Dunamu Inc., issued an official notice to its user base detailing the upcoming service halt. The exchange will suspend transactions for both NEO and GAS tokens to ensure network stability and user asset security during the NEO N3 migration. This is a standard operational procedure for reputable exchanges during major blockchain upgrades. Furthermore, the suspension affects only deposit and withdrawal functions; spot trading for the two assets may continue normally on the platform until further notice. The exchange has committed to providing updates regarding the resumption of services once the network upgrade concludes successfully. The Technical Rationale Behind the Precaution Exchanges like Upbit implement these temporary suspensions to prevent potential loss of funds or transaction errors. During a hard fork, the blockchain splits, creating two separate chains. If deposits or withdrawals were processed at the exact moment of the fork, transactions could be sent to an incorrect or incompatible chain. Therefore, by halting external transfers, Upbit safeguards user assets from these technical risks. This practice demonstrates the exchange’s operational expertise and commitment to risk management, aligning with the highest standards of trustworthiness in the digital asset industry. Deep Dive: The NEO N3 Hard Fork and Network Upgrade The core reason for Upbit’s action is the NEO N3 hard fork, representing the most substantial upgrade in the NEO blockchain’s history. Often dubbed “Neo3,” this iteration is not merely an incremental update but a complete overhaul of the network’s architecture. The N3 upgrade aims to enhance performance, governance, and functionality to solidify NEO’s position as a developer-friendly platform for decentralized applications (dApps) and digital assets. Key enhancements introduced by the NEO N3 hard fork include: NeoFS: A decentralized storage system integrated directly into the blockchain. NeoID: A decentralized identity framework enabling compliant digital asset management. Enhanced Governance: A revamped model using NEO tokens for voting on network parameters and GAS fees. Improved Economics: A refined distribution mechanism for GAS, the fuel token used for network transactions and smart contracts. The following table outlines the primary differences between the legacy NEO blockchain and the new N3 version: Feature Legacy NEO NEO N3 Consensus Mechanism dBFT (Delegated Byzantine Fault Tolerance) dBFT 2.0 (Enhanced) Governance Token NEO NEO (with enhanced voting power) Utility Token GAS GAS (redesigned distribution) Core Focus Digital Assets & Smart Economy Full-Stack Decentralized Ecosystem Historical Context of Blockchain Upgrades and Exchange Response This event follows a well-established pattern in the cryptocurrency sector. Major exchanges routinely pause services during significant network events. For instance, leading global exchanges enacted similar measures during Ethereum’s transition from Proof-of-Work to Proof-of-Stake (The Merge) and Bitcoin’s various Taproot and SegWit upgrades. These suspensions are universally recognized as a sign of an exchange’s technical diligence rather than a cause for alarm. They provide the development team with a stable environment to execute the upgrade and allow the exchange to thoroughly test compatibility before reopening services. Immediate Impact on Traders and the NEO Ecosystem The immediate effect of Upbit’s announcement is a temporary liquidity gate for NEO and GAS moving on and off the exchange. Users cannot deposit new tokens from external wallets or withdraw holdings to private custody during the suspension window. However, the impact extends beyond simple transaction halts. Market analysts often observe slight volatility in an asset’s price preceding a known suspension, as traders adjust their positions. For the broader NEO ecosystem, the hard fork is a pivotal moment. A successful upgrade could attract new developers and projects to the platform, potentially increasing the long-term utility and value of both NEO and GAS tokens. Conversely, any technical difficulties during the migration could temporarily affect market sentiment. Upbit’s cautious approach directly mitigates these risks for its users. Expert Perspective on Exchange Risk Management Industry experts consistently affirm that proactive suspensions are a hallmark of responsible exchange operations. “When a foundational layer-1 blockchain like NEO undergoes a hard fork, the potential for chain confusion and replay attacks is real,” explains a blockchain infrastructure analyst from a Seoul-based fintech research firm. “Exchanges like Upbit have a fiduciary duty to protect client assets. By instituting a clean, communicated pause around the fork event, they eliminate the single biggest technical risk to user funds during this transition. This is standard, professional practice.” This expert insight underscores the procedural nature of the announcement and its alignment with robust security protocols. Timeline and What Users Should Do Next The suspension is scheduled to begin precisely at 3:00 a.m. UTC on February 2, 2025. There is no publicly announced end time, as the resumption of services depends on the successful completion and stabilization of the NEO N3 network. Typically, such suspensions last between a few hours to several days. Upbit has advised users to complete any necessary deposits or withdrawals before the deadline. Recommended steps for Upbit users holding NEO or GAS: Plan Ahead: Complete any urgent withdrawals to self-custody wallets well before the 3:00 a.m. UTC deadline on February 2. Monitor Official Channels: Follow Upbit’s official announcement page and social media for the service resumption notice. Verify Wallet Compatibility: Ensure your personal NEO wallet supports the new N3 network before withdrawing after services resume. Exercise Patience: Anticipate potential network congestion and slower processing times immediately after the upgrade as the ecosystem stabilizes. Users should only trust information from Upbit’s official website and verified social media accounts to avoid phishing scams that often emerge around such events. Conclusion The temporary Upbit NEO suspension for both NEO and GAS tokens is a direct, precautionary response to the landmark NEO N3 hard fork. This action highlights the exchange’s commitment to security and operational excellence while the underlying blockchain undergoes its most significant upgrade. For the NEO project, the N3 hard fork represents a strategic leap toward a more powerful and scalable decentralized ecosystem. Investors and users should view this temporary service halt not as a disruption, but as a necessary step in the maturation and advancement of blockchain infrastructure, ensuring a secure transition for all network participants. FAQs Q1: Can I still trade NEO and GAS on Upbit during the suspension? Spot trading for NEO and GAS may continue normally on Upbit’s internal order book. The suspension applies only to depositing tokens from an external wallet or withdrawing tokens from Upbit to an external wallet. Q2: How long will the Upbit NEO suspension last? Upbit has not announced a specific end time. The duration depends on the successful completion and post-upgrade stability of the NEO N3 network. Similar historical suspensions for other blockchains have typically lasted from several hours to a few days. Q3: Will my NEO and GAS tokens on Upbit automatically upgrade to the N3 version? Yes. As a custodial service, Upbit will handle the technical migration of all user-held NEO and GAS tokens to the new N3 blockchain. Users do not need to take any action for tokens already held on the exchange. Q4: What is the difference between NEO and GAS tokens? NEO is the governance token of the blockchain, used for voting on network proposals. GAS is the utility token, used to pay for transaction fees and deploy smart contracts on the NEO network. The N3 upgrade refines the economic relationship between the two. Q5: Is my NEO in a private wallet affected by the Upbit suspension? No. The suspension only affects movement of tokens to and from the Upbit exchange. The NEO N3 hard fork itself will affect all tokens on the network. Holders in private wallets must ensure their wallet software is compatible with the new N3 network to access and move their funds after the fork. This post Upbit NEO Suspension: Essential Guide to the Critical N3 Hard Fork and Trading Halt first appeared on BitcoinWorld .
