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.