NEO Name Credit price is $0.00317206
As of the last update, the price of NEO Name Credit (NNC) is $ 0.00317206. Please note that cryptocurrency prices are highly volatile and can change rapidly within minutes.
NEO Name Credit (NNC) is a digital asset that operates within the NEO ecosystem. NNC serves as a utility token for the NEO Name Service, a decentralized domain name service that allows users to register .neo domains. It streamlines complex wallet addresses into more recognizable and user-friendly names.
The team behind NEO Name Credit is part of the larger NEO blockchain platform. As NNC is specifically designed for use within the NEO ecosystem, it is supported by the developers who are responsible for the NEO blockchain's maintenance and development. The founders of the NEO Name Credit could be in line with the founding team of NEO, but specific names associated solely with NNC are not provided here.
NEO Name Credit works by allowing users to register, transfer, and manage domain names on the NEO blockchain. When a user purchases a .neo domain name, they pay in NNC tokens. These domains can be linked to their cryptocurrency wallet addresses, making transactions more straightforward as users no longer need to remember long alphanumeric wallet addresses.
NEO Name Service is the platform within the NEO ecosystem that provides the domain name services where NNC tokens are used. It's a decentralized, open-source service that allows users to buy and manage domain names ending in .neo. This service aims to facilitate easier use and wider adoption of the NEO blockchain by offering a simple and human-readable alias for wallet addresses and smart contracts.
NEO Name Credit technology is deeply integrated with the NEO blockchain. The .neo domain names registered using NNC are resolved across the network, allowing wallets, websites, and smart contracts to be associated with a human-readable name. The underlying technology includes a global state trie that records and verifies the ownership and mapping of these domain names within the NEO blockchain.
There is a finite amount of NEO Name Credit (NNC) in circulation. As of the latest data, the circulating supply is tokens. The total supply of NNC is also capped, with a maximum of 1000.0M tokens ever to be created.
NEO Name Credit is unique in that it caters specifically to the NEO blockchain community. It differs from other naming services like Ethereum's ENS by its exclusive integration with NEO, which includes compatibility with NEO's own protocols and smart contract features. NNC is what users spend to acquire domain names within this ecosystem, creating a use-case that directly ties it to the NEO network's functions.
NEO Name Credit (NNC) can be purchased on various BitMart, mainly cryptocurrency exchanges that support the NEO blockchain and its associated assets. Potential buyers can look at these platforms to acquire NNC tokens.
Keeping your NEO Name Credit safe involves ensuring the security of the wallet in which your NNC tokens are stored. It is recommended to use a reputable and secure cryptocurrency wallet that provides strong encryption and key management features. Additionally, always exercise caution when transferring NNC and be aware of phishing scams and fraudulent websites.
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