NEO is the use of blockchain technology and digital identity to digitize assets, the use of smart contracts for digital assets to be self-managed, to achieve smart economy status within a distributed network. NEO has two native tokens, NEO and NeoGas (GAS). The NEO blockchain supports multiple asset types and includes infrastructure for linking digital and physical assets through its digital identity structure. NEO is able to adapt to local legal jurisdictions and can thus ensure that assets registered through digital identity are protected.
With a total of 100 million tokens, NEO tokens give the holder governance rights and representation on the network. Governance includes issues of bookkeeping, network parameter changes, and future development. NEO tokens cannot be subdivided as 1 is the minimum unit.