Neon EVM opens public offering, can the compatibility layer save the declining Solana?

Recently, CoinList; announced that it will launch the Solana EVM compatible solution at;UTC;Time;6;Month;8;Day;17:;00; (Beijing Time;6;Month;9;Day;1:;00;) ;Neon EVM;Token;NEON;Sale, the total sales volume is;50,;000,;000;NEON, accounting for;5% of the total circulation;, the price is;0.1;USD. The community sale is now open for registration, and the deadline for registration is;UTC;time;6;month;5;day;12:;00;.

At the moment when "Solana's ecological volume is shrinking sharply, the appearance of Neon EVM" brings new opportunities for "Solana". How is the development of this upcoming public offering project? Below, the Odaily Planet Daily will give you a quick overview of the Neon EVM.

Neon EVM; intends to combine the advantages of Ethereum and; Solana;

In November 2021, Solana; TVL; reached the highest peak in history, breaking through; 10 billion; billion US dollars.

With the collapse of "FTX", Solana; also failed to recover, and funds were withdrawn one after another. Since the "FTX" crash, TVL; has been falling for a long time. At present, TVL; has fallen to about; 266; million US dollars, only about; 2% of; ATH;

With the influence of "Solana" breaking away from "FTX", how to revive this "EVM" heterogeneous chain has become a concern for the "Solana" community and "Solana" developers. Whether to introduce "EVM" for "Solana" has also become a concern of the "Solana" community.

Neon; is one of the solutions to this problem. In 2021;, Neon;labs; was established. The project is committed to deploying the "EVM" compatibility layer on "Solana" to take advantage of "Solana"'s low fees and introduce a mature "EVM" developer ecosystem and mature; dApps.

Neon; allows anyone in; Solana; to run Ethereum smart contracts, without requiring smart contract reconfiguration to deploy; dApp. The project designed a;Neon;EVM with an incentive mechanism, run by;EVM;dApps, and packaged it into a;Solana;transaction, instead of the user to execute and complete the transaction on the;Solana;.

The Neon; team believes that Neon; can retain the advantages from both Ethereum and; Solana;

The advantages from Ethereum are: can use the Solidity; or; Vyper; language that is more familiar to developers; can use; MetaMask,; Hardhat,; Remix; and other infrastructure; Ethereum RPC; API; compatibility; support for Ethereum Square accounts, signatures, token standards, and more.

The advantage from "Solana" lies in the high concurrent execution capability; each transfer is as low as; 0.000015; SOL;; gas; fee; up to; 5000;; tps; and so on.

In order to realize these functions, Neon; consists of three parts: Neon; EVM, Neon; Proxy, Neon; DAO.

Neon; EVM; is used to execute and process; EVM; transactions. Neon;Proxy; is in charge of packaging;Neon;transactions into one;Solana;transaction, and executes it on;Solana;. Neon;DAO; consists of a series of smart contracts deployed on;Solana;, which is also the governance body of;Neon;, providing a governance layer to control the functions of;Neon;EVM;, enabling the community to discuss the;Neon; Operations and development make proposals and votes.

NEON; Token Economics

The Neon;compatibility layer uses the project's native token;NEON;as a;gas;token. Its operation process is that the user uses "NEON" to pay the transaction fee to the agent operation, and then the agent operation uses "SOL" to pay the "Solana" validator; Neon; treasury. Therefore, a portion of the user's "gas" will go into the "Neon" vault, which will also be the source of future income for the "Neon".

Neon EVM; Published token economics shows that NEON; the total amount of tokens; 1 billion; The total sales volume of this public offering is; 50,;000,;000; pieces, accounting for; 5%; of the total; and the price of each piece is; 0.1; US dollars.

Its;NEON;token distribution model is as follows:

Early buyers: ;16.12%;. 1; year lock-up period, and linear release over subsequent; 1; years.

Main partners and consultants: ;7.02%;. Minimum ;1; year of lock-in and ;1; year of linear release.

Ecosystem development:; 31.92%;. Minimum; 1; year lock-in, subsequent; 1; year linear release.

Founder: ;15.00%;. 1; year lock, then 1; year linear release.

Early contributors: ;1%;. Minimum; 1; year lock-in, subsequent; 1; year linear license.

Public sale: ;5%;. 2023; year; July; month; 17; all unlocked.

Ecosystem Growth (Treasury): ;23.94%;. Determined by the governance proposal.

The Neon EVM; roadmap shows that the current project has progressed to the main network stage, and this quarter will carry out the deployment of the main network and some early "dApps". In the next quarter, key "DeFi" protocols will be deployed, and funding programs will be launched to promote the development of "dApps" within the ecosystem.

As the most flourishing ecosystem in the encryption ecosystem, Ethereum provides many tools for "dApp" developers and users in terms of tools and infrastructure. With Neon; EVM, dApp; developers can easily enter; Solana, and at a time when "Solana" is shrinking, this move may be very important for the "Solana" community.