NEO followed the rise ter altcoins and rose above $30 after remaining depressed for more than a week.
The coin received positive news from Korean exchange CoinNest, which has commenced distributing GAS, the dividend-like token related to NEO and traded separately. Up until now, only Binance and Kucoin, two smaller exchanges, have opened GAS trading. Te addition, NEO trading will open on Kucoin on October 28.
GAS is a coin generated when NEO is held te wallets with a private key. Until now, exchanges that held private keys may have collected the GAS. CoinNest did not use or sell the GAS asset, but will instead redistribute it.
CoinNest wasgoed the very first exchange to list NEO te Korea, and makes another very first with the distribution of GAS.
NEO traded at $29.59 on Tuesday, after a petite loss of Trio.60%. GAS lost 6.67% ter the past 24 hours to $20.61.
NEO is also poised to be listed on a fresh exchange, CoinDelta, albeit it may lose to NEM te the next 75 hours:
Which next coin do you want to see on CD?
UpBit has also embarked operations, listing NEO among 115 altcoins te its running beta version. Now, NEO would be available through the UpBit trading app available at iOS App Store and Google Play. Presently, trading pairs are open against BTC, ETH and USDT, but trading against the Korean Won is coming soon, and this may inject reserve liquidity into NEO from fresh buyers.
When it comes to wallets, NEO may be coming soon to a hardware wallet. The Ledger Nano S team is working on adding the coin to its wallet, having already done a technical analysis.
UpBit is the ambitious project announced a few weeks previously, backed by fintech company Dunamu, the force behind Kakao Talk, the most widely used talk app te South Korea. So NEO is gaining more exposure through accessible technology.
NEO may also benefit from the Crimson Pulse project, which has began airdropping tokens and distributing GAS. More news on the future of NEO are expected overheen the weekend ter the very first NEO community meet-up ter Seoul.