NEO Swap

NEO Swap

With the launch of NEO Credit (NRT), My NEO Group is revolutionizing the crypto sector, introducing a new buy/sell system based on a circular economy, entirely AI-managed (NEO Smart Engine), and a Pool Wallet (NEO Swap), both created by NEO Tech Labs.

How does the NEO Swap work? Using one of the NEO ecosystem services generates fees. These fees are split into two parts with an 40%/60% split. 60% is seeded to My NEO Group for the maintenance and security of the various platforms, customer service, etc., and 40% is used to buy NRT in the NEO Swap.

Example: John uses Coinbase to buy Bitcoin. John buys 1 000 euro of bitcoin, so he pays 1 000 euro + 3% (30 euro) in FIAT (by card or bank transfer) and receives the equivalent of 1 000 euro in bitcoin in his bitcoin wallet. John therefore paid 30 euros in fees, and these fees are taken by Coinbase for their services.

Now let's do the same example but with NEO Dash or NEO X: John uses NEO Dash/NEO X to buy Bitcoin. John buys 1000 euro of bitcoin, so he pays 1000 euro + 3% (30 euro) in fiat and receives the equivalent of 1000 euro in bitcoin in his bitcoin wallet. John therefore paid 30 euros in fees. Until now, the process is the same as it was on Coinbase. Now, however, the 30-euro fee does not go to NEO Dash / NEO X.

Instead, the fee is divided as discussed above into two parts: 60% and 40%.

40% is paid into the My NEO Group master wallet. This is the part of the fee that NEO Dash / NEO X takes to maintain the platform.

The remaining 40% is sent to the NEO Smart Engine, which is an AI that automatically uses this 40% to buy NRT in the POOL Wallet.

Everything is done automatically without John having to buy NRT himself to pay the transaction fees. Everything is managed automatically by the AI NEO Smart Engine, and no action is required on John's part.

The same logic and same operation applies for all operations carried out.