NEO is the native utility token of the Neo platform, founded in 2014 as Antshares by Da Hongfei and Erik Zhang, who then rebranded it to NEO in 2017.
Neo is an open source platform that looks to build a smart economy which utilizes smart contracts and blockchain technology to manage and issue smart contracts, the Neo platform can be used for dApps or ICOs.
As of 2019, NEO is ranked 19th among cryptocurrencies in market capitalization.