Narrative Planned ICO Changes from Ethereum to NEO
Narrative, a blockchain-powered content economy where creators, moderators and influencers contribute content, monitor the community and receive the revenue they help create, has announced that it will be switching from Ethereum to the NEO blockchain for its planned token sale which is set to take place between the 13th of February and the 22nd of March, 2018. With this change, token sale participants will now contribute NEO rather than ETH.
As it continues to develop its new network, planned for release in 2018, the Narrative team concluded that NEO would be a better long-term fit for its platform. Some of the factors weighing in its favour included faster transaction processing times, no/low transaction fees, more flexible programming environment, quantum computer resistance and a better consensus model. NEO’s NEP-5 token standard is relatively new, but two recent projects, Red Pulse and Deepbrain China, proved that the token sale process works on the NEO platform.
Rosemary O’Neill, Narrative CEO, commented: “Once the decision was made, we thought it best to make the change immediately, so that we can utilize NEO during our token sale and for project development over the long term. We’re excited about the opportunity to be one of the very first token sale projects on NEO. Our primary focus is on user experience, not going along with the crowd. While we recognize the market leadership of Ethereum, we strongly feel that NEO is the better platform for us and we look forward to being an influential, cooperative member of the growing NEO development community.”