China's cryptocurrency sector is attracting investor attention due to the development of its regulatory framework. Projects such as NEO, VeChain, and Conflux have demonstrated practical applications in the economy and have received stable state support. It is recommended to invest in projects with real-world use cases. As China gradually improves its regulatory system, Chinese cryptocurrencies are beginning to attract the attention of serious investors. In the past, investor interest in Chinese projects was suppressed due to regulatory restrictions, but the situation is now changing. Many blockchain projects are transitioning from promises to actual applications in the real economy. NEO – A State-Backed Smart Contract Platform NEO is often referred to as the "Chinese Ethereum" because it focuses on the development of decentralized applications. The platform uses two tokens: NEO is responsible for network governance, and GAS is used to pay transaction fees. The key distinction of this Chinese blockchain is that it has received state-level support, reducing the risk of sudden regulatory bans, which have been common in other projects.