The ‘NEO Super’ Fork: A Scam Or A Promising Blockchain?

In this week’s crypto news, there are a lot of rumors and reports that center around the altcoin NEO and a potential fork of it that calls itself “NEO Super.” The venture launched apropos of nothing at all and has one real project behind it – a wallet service that some community members fear that could be an effort to scam NEO users out of their private keys.

However, one reporter has found that the NEO Super project is an effort to “snapshot” the NEO blockchain and use it on the Ethereum network, complete with “mining opportunities” and more. As the reporter notes, NEO Super wants to take “the most successful” elements of NEO and use them in the form of a standard ERC-20 token contract.

With only 39 Twitter followers, the Twitter account of NEO Super was banned and the project’s GitHub repository has made no notable changes or commits to the NEO codebase. Because of this, one reporter was quick to jump to conclusion and say:

“Because with a closer look at their LinkedIn pages you can easily tell that they are each fake.”

If you see it, the CEO and lead developer of this project John D. Martin has only three connections on LinkedIn despite his alleged seven-year development career. And even though there is no whitepaper for the project, there is a nice looking website and a clone of other NEO wallet services.

On top of this, the NEOX whitepaper clearly says:

“A lot of misunderstanding and incorrect representations surround the question of NEO forks. To put it simply, NEO cannot be forked in the same way as Bitcoin or Ethereum — that is, there is no way to split the chain and create a new coin based on NEO.”

To sum things up, this project is very confusing to declare it a scam outright – and very unknown and confusing to necessarily recommend. We’ll keep a close eye on it in the future and notify you if there were any drastic changes.