You might have come across the heavily hyped ans/neo coin touted to be the "ethereum of China". If you look at the behaviour of the proponents you should already be asking yourself if something fishy is going on. Constantly making things up and blowing things out of proportion watching the channels I sometimes felt as if it was some kind of cult.
I ask you to check the facts yourself. I'll lay out all the evidence for you and you can check and verify everything I am posting here. Let's first start with some rationality here though. One of their main things is the "ethereum of China" (Henceforth referred to as eoC). Why does China need its own ethereum? Did you care which country BTC was developed in? The basic principle most people in the crypto world follow when investing is greed/the hope to get rich quick. Why would the Chinese massively invest into something that is Chinese if they don't see any good opportunity to make profit? If you believe the eoC slogan it's just another ethereum. The original already has big business behind it whereas NEO is just a university project.
A Chinese university for that matter. Not too many foreigners are able to read or even speak Chinese. It's convenient for would be scammers as it's hard to verify and the impulsive buyer doesn't have time to verify anything, because he doesn't want to miss out on the profit.
I started to look into ants around Jun 20th. The massive pump and hype machine was starting, check this: https://bitcointalk.org/index.php?topic=1571738.6360
This is what made me look at things a bit closer. I looked at source code for a moment but it had a bit of a shabby feeling to it and so many people at the time recognized the pump that I quickly lost interest.
Until a few days later the heavily hyped conference was about to begin. I witnessed people who didn't understand a single word of Chinese watch a conference completely in Chinese. All because of falsified conference schedules being circulated and supposed big names appearing at the conference.(Just keep reading on bitcointalk if you want to get a picture). I thought that was the end of the scheme and things would go quiet again.
It's still alive today though. Maybe it was the incubator of the new "HODL" scam technique, maybe it's just fake it till you make it? Only the scammers will dump one day and you will be scamming others in turn, partaking in this.
Then there's the China thing. It's big in China. They are craving it and will push their coin "to the moon". Only do they really care? Check Google trends China: https://trends.google.com/trends/explore?geo=CN&q=%E5%B0%8F%E8%9A%81%E5%8C%BA%E5%9D%97%E9%93%BE . Ooops not enough data. (小蚁区块链 is the original chinese name). Now of course it's China, so we care more about the mainland China. So we should focus on baidu. Unfortunately it's a bit more unwieldy than Google trends. First you may want to check: http://top.baidu.com/ (I trust you know how google translate works) Last time I checked there was nothing crypto currency related. When you search for bitcoin, you get some suggestions for related topics (LTC, no ans or neo in sight). See google translated screenshot for your convenience.
Then if you search for cryptocurrency, no ANS or NEO in sight:
Now to conclude this check who really cares about antshares(worldwide): https://trends.google.com/trends/explore?q=antshares
Edit:
If that's not enough evidence, simply have a look at the actual market volumes on coinmarketcap: https://coinmarketcap.com/currencies/neo/#markets
At the time of this writing 50.23% of the actual market volume in NEO is on Bittrex in just the single NEO/BTC trading pair. All of Bittrex makes for about 56% of the total NEO market. That's dumb money.