Launched in 2018, Coineal was founded by blockchain practitioners, cryptocurrency investors, and technologists from China and South Korea. It aims to build an industry-leading crypto asset trading platform and provide users with a secure, professional, and convenient cryptocurrency wallet service. Coineal issued the NEAL token as its platform currency in June 2018. According to the team, 80% of the fees incurred by the platform’s manual trading were used to periodically repurchase NEAL and burn. NEAL’s use cases include transaction fee reduction, participation in NEAL, and special rights.
Visit the official Coineal Token website.