NEO is an open source project driven by the community. It utilizes blockchain technology and digital identities to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a "Smart Economy".
NEO was founded in 2014 and open sourced on GitHub in June 2015. Its MainNet was released in October 2016 and has been running in stable capacity for two years. Its vision of a "smart economy" was set up along with the project rebranding in 2017.

NEO represents ownership of the NEO platform and allows users to buy NEO (ANC) and to vote on protocol changes on the NEO blockchain. ANS are 100% premined and issued on the NEO's genesis block.