Cryptocurrencies are in their realm to enter the mainstream market, raising the number of investors day by day. The launch of new crypto coins and the number of investors interested in buying them are increasing parallelly. In this article, we guide you on how to buy NEON, the native token of Neon EVM (NEON); Solana’s network extension for a smooth and seamless dApp integration.
What is Neon EVM (NEON)?
Neon EVM is a network extension of the blockchain, Solana, developed to enable the seamless integration of decentralized apps. The platform is exclusively designed for developers to maintain two technical stacks hassle-free. Developers can utilize the existing EVM-based code to interact with Solana’s native programs and applications. The platform offers parallel execution capabilities with enhanced throughput and reduced latency. It ensures the different smart contract-facilitated transactions are executed in parallel.
What is NEON?
NEON is the native token of the Neon EVM platform, serving as a utility as well as a governance token. The token enables the integration of the Ethereum Virtual Machine (EVM) features on the Solana blockchain, enhancing the speed and scalability of the Solana network without compromising Ethereum’s ecosystem familiarity.
Use Case of NEON
As already mentioned, the Neon token serves two purposes in the Neon EVM platforms: utility and governance.
1. Utility
The NEON token is used to enable transactions on the Neon EVM platforms. It is used to pay gas fees, interact with decentralized apps, and deploy them, facilitating smart contract execution and resource generation for transactions.
2. Governance
The holders of NEON tokens can participate in the decision-making and development process of the Neon EVM ecosystem. This opportunity enables the platforms to remain decentralized and community-driven.
NEON Tokenomics
NEON has a market cap of $73,672.019 at the time of writing. Out of the 1,000,000,000 total supply, 192,473,333 are currently in circulation. With a 24-hour trade volume of $2,479,397, the NEON token has a trading price of $0.3828 at the time of writing.
The token distribution and allocation of NEON is as follows,
| Allocation Area | Allocation Percentage |
| Ecosystem development | 31.93% |
| Treasury | 23.9% |
| Early purchasers | 16.12% |
| Founders | 15% |
| Key partners and advisors | 7.02% |
| CoinList ICO | 5% |
| Early contributors | 1% |
How to Buy Neon EVM (NEON)?
Buying NEON is easy, our guide includes step-by-step information on how to buy a NEON token. The steps include,
1. Choose a Reliable and Trusted Crypto Exchange
To facilitate the buying process, a user must have an account in a crypto exchange. Choose a crypto exchange with lower transaction fees, robust security, and enhanced speed.
2. Create an Account
After choosing the wallet of your choice, create an account by filling in the necessary information. Set a strong password to prevent others from accessing the account.
3. Verify The Account
To facilitate transactions and enjoy other features of the platform, a user must verify their account. Submit an identity proof and follow the instructions to get your account verified.
4. Funding The Account
To buy the NEON tokens, a user must have the necessary amount of currency in their account. If no necessary balance is available, choose a payment method accepted by the exchange such as bank transfer or credit card, and transfer funds to your wallet.
5. Choose Neon EVM Tokens
From the buy and sell section, search ‘Neon EVM’ tokens and then choose buy.
6. Enter The Number of Tokens To Buy
You can either enter the amount of tokens you want to buy or the amount of cryptocurrencies you wish to exchange for Neon EVM tokens.
7. Buy NEON Tokens
After reviewing the filled information, press ‘Confirm buy’ to buy NEON tokens. The tokens get transferred to your crypto exchange wallet. You can either store it in the exchange wallet or transfer it to your custodial wallet for enhanced security.
Popular Crypto Exchanges to Buy Neon EVM (NEON)
There are a large number of crypto exchanges available in the US, however, a user must choose a reliable and transparent crypto exchange platform that supports NEON tokens to buy them. Popular crypto exchanges that support the trade of NEON tokens include,
1. Binance
Binance is one of the most trusted and reliable crypto exchange platforms in the US. The platform facilitates secure, transparent, and efficient transactions.
2. Coinbase
Coinbase is a crypto exchange platform that supports more than 200 cryptocurrencies. High liquidity, enhanced speed, and low transaction fees are the major advantages of trading on this platform.
3. KuCoin
Kucoin is a leading crypto exchange platform, supporting more than 700 cryptocurrencies, the platform serves as one of the best platforms for buying NEON tokens.
Final Thoughts
The cryptocurrency markets are becoming a large industry, offering more secure, transparent, and reliable alternatives to fiat currency. In their realm of entering the mainstream and facilitating transactions in daily life, cryptocurrencies have attracted a large number of investors. However, crypto markets are highly volatile and non-predictious, so always analyze the risks associated with them before investing.
