Neon EVM (NEON) is a cryptocurrency token that enables the integration of Ethereum Virtual Machine (EVM) capabilities on the Solana blockchain. It allows developers to deploy and execute EVM-compatible decentralized applications (DApps) on Solana with minimal reconfiguration, leveraging Solana's speed and scalability while maintaining Ethereum's ecosystem familiarity.
The crypto Neon EVM (NEON) is used in two primary capacities within the Neon EVM ecosystem:
Utility Token: NEON facilitates transactions on the Neon platform, including gas fees, dApp deployment, and interaction with dApps. This ensures the smooth operation of the ecosystem by providing the necessary resources for transactions and smart contract execution.
Governance Token: NEON owners can participate in voting and submitting proposals related to the development of Neon EVM. This governance layer allows the community to shape the future of Neon EVM by setting parameters, proposing updates, and addressing key decisions, ensuring that the ecosystem remains decentralized and community-driven.
In summary, NEON is the native token that supports the functionality and governance of the Neon EVM, which bridges the Ethereum and Solana ecosystems, enabling developers to leverage the strengths of both platforms.
To store Neon EVM (NEON) tokens, you have several options:
KuCoin Account: You can store NEON tokens directly in your KuCoin account. This is a convenient option if you plan to trade or use the tokens within the KuCoin ecosystem.
Non-Custodial Wallets: You can also store NEON tokens in non-custodial wallets, which provide more control over your assets. This option is recommended for long-term storage and security.
Ledger Wallet: You can add a Neon EVM (NEON) account to your Ledger wallet by following these steps: go to the Accounts section, click "Add account," select NEON from the list, and connect your wallet.
Math Wallet: Math Wallet is a multichain wallet that supports NEON tokens. You can store, send, and exchange NEON tokens using this wallet, which is available on both mobile and desktop platforms.
NeonPass and Token Accounts: NEON tokens can also be stored in NeonPass, which is used to transfer tokens between Neon EVM and Solana. This process involves setting up wallets, connecting them to NeonPass, and conducting the transfer.
To buy Neon EVM (NEON) tokens, follow these steps:
Choose a Reliable Exchange: Select a trustworthy cryptocurrency exchange that supports NEON trading, such as Binance, Coinbase, Bybit, or KuCoin.
Create an Account: Sign up for an account on the chosen exchange, providing the required information and setting up a strong password.
Verify Your Account: Complete the Know-Your-Customer (KYC) and security verification processes to ensure the security of your account.
Deposit Funds: Add funds to your account using a payment method accepted by the exchange, such as a credit/debit card or bank transfer.
Find the NEON Trading Pair: Locate the NEON trading pair, such as NEON/USDT, on the exchange's spot market.
Place an Order: Use the exchange's order types, such as market orders or limit orders, to buy NEON at the desired price.
- Store Your NEON: Once the order is executed, your NEON tokens will be available in your trading account. You can store them in your exchange account or transfer them to a personal wallet.
For more detailed instructions, refer to the specific exchange's guide on how to buy NEON, such as Gate.io or KuCoin.
