ELI5 Antshares

ELI5 Antshares
on December 13, 2018

Antshares is Chinese project NEO’s previous name. When originally released it was informally nicknamed “China’s Ethereum” platform.

Legendary ICO

Antshares was one of the most underrated and most successful ICO’s in cryptocurrency history.

ANS coins were initially sold for U$ 0.032 per unit and reached U$ 160 valuation in late 2017, just 7 months after its initial release – more thanĀ 500000% yield in just over half a year.

At the time of this writing NEO, which was simply ANS renamed (1:1 NEO:ANS rate of exchange), is worth U$ 5 – still 16500% above its launch price.

June 2017 Rebranding

In June of 2017 the Chinese open source project Antshares was renamed to NEO, a shorter and simpler name which, according to the official NEO rebranding announcement, was inspired by the Greek term which means innovation, youth and modernization.

ANS coins then became NEO. A historic chronicle of this transition can be seen at the archived Antshares subreddit (link below).

ICO Announcement

Antshare’s ICO announcement looked like this originally:

Antshares blockchain–China’s first original public chain

As China’s first ever original and open source public chain project, Antshares serves as a smart assets platform. Smart assets are the combination of smart contract of blockchain and digital assets. Antshares allows for a smarter way for assets registration, issuance, and circulation.

Digital assets exist in the form of electronic data and with blockchain technology, digital assets becomes decentralized, trustless, traceable and highly transparent. Antshares underlying technology supports multiple types of digital assets and use digital certificate to enable trust for public chain, namely the assets issued by users via digital certificate are protected by law. On the other hand, for more complicated scenarios, users can use smart contract to enhance and enrich the functions of assets. Besides, users can also create smart contracts with other functions unrelated to assets.

Smart contract,a concept that was first initiated by Nick Sazbo in 1994, has a history as long as that of the Internet. According to Nick Szabo:Smart contract can execute contract clauses when the preprogramed conditions are met.It is blockchain technology, due to its decentralization, immutability and highly reliable system that provides the very environment for smart contract to embody its value.

Coin Data

Original symbol: ANS (now NEO)

Total Supply: 100 million ANS

Current circulating supply (NEO) : 65 million

Contacts

Archived Antshares Subreddit

Official Website

Rebranding Announcement