For a while now, there have been rumors of an upcoming fork of NEO called NEO Super. The establishment launched a system which offers nothing but a wallet service and this has left many community members wondering if NEO is trying to scam users and collect their private keys. A reporter found out that the so called NEO Super project is no more than an effort to snapshot NEO’s blockchain and use it on Ethereum. The team is allegedly trying to integrate ERC-20 token contracts with the most successful elements of NEO.
(NEO) NEO Price Today – NEO / USD
While the reporter seemed convinced of his claims, the fact of the matter is that such a project will be impossible. However, it’s easy to understand why this project is seen as a scam by many. For one thing, private keys are used often to unlock wallets. So, to steal private keys in mass, a fake wallet service will do the trick. It would be difficult for the user to know its a scam because this wallet will interact with the NEO blockchain while it uses the keys to steal funds. One reporter noted:
“NEO Super has just 39 Twitter followers. It is also associated with a banned Twitter account. The GitHub repository of the project has made significant changes and is committed to the NEO codebase. This is easy to spot. When you take a closer look at the LinkedIn page of NEO Super, you’ll realize that it is fake. The lead developer of the project, John D Martins has just three connections even if the account shows that he has seven years experience in development”.
The project, however, has a complete whitepaper and a fully functional website. It is a clone of other wallet services provided by NEO. However, it doesn’t include the feature to print paper wallets. The project claims it eliminated one attack vector in NEO and created a new system of scalability and smart contracts on Ethereum offering NEO holders free tokens. Keep in mind that most scams appear too good to be true.
The whitepaper of NEOX makes it clear that NEO cannot be forked like Bitcoin and Ethereum. The reported continued:
“There is a lot of misconception about NEO forks. The bottom line, however, is that it is impossible to fork NEO the same way Bitcoin and Ethereum can be forked. This means that it is impossible to split the chain and create a new token based on NEO”.
So, if it cannot be forked the same way as Bitcoin, why has the company produced a wallet service that can be used to capture NEO private keys. It’s still not clear if this project is a scam or not. The fork is going to happen today, the 10th of November. Everyone would have to wait for it to unfold.
NEO (NEO) Price Analysis
Main while, let’s see how the actual NEO token is faring in the market. At the time of writing NEO was trading at $16.09. This shows that it is up by 0.37% against the USD and up by 0.49% against Bitcoin. The trading volume over a 24 hour period is $120,606,204 and the market capitalization is $1,045,958,070.