Hello,
one thing from NEO white paper has concerned me.
"NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided."
Now does that mean that you can buy only 1 NEO, an not 0.1 , 0.5 or even lower than that?
If it does that is quite troublesome. Now when NEO is 11$ there is nothing to worry about, nobody wants to buy only 0.5 NEO or 0.001 or something like that.
But when the price will grow( we hope it will) and it will reach let's say 100$ or even 200$ per NEO. Now somebody would like to buy NEO but not necessarily 1 NEO, but some smaller amount 0.5 or 0.05 but he or she won't be able to.
How will price continue to grow if most of the small investor will be disappointed when they won't be able to buy smaller amount of NEO, that is less than 1 NEO.
I mean you can buy ETH, STRAT, QTUM every token similar to NEO in much smaller amounts like 0.0001 even.
Why did creator of NEO do that, dont they expect NEO will grow or what?