GAS
NeoGas

$5.49
+2.96%
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Rank
102
  • Market Cap
    $55,636,987
  • 24h Vol (Global)
    ฿79 ($537,317)
  • Circulating Supply
    10,128,375
  • Issue Price
    -
  • Issue Date
    -
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  • The Latest Rating
TokenInsight
3.0

NEOGAS Rating Report

2018-09-05
NEO is committed to building a distributed network “smart economy”, empowering P2P networking and digital certificates. GAS is its native token, used as transaction fees within the NEO ecosystem. The project has been running for years and is currently supported by a large global developer community. However, the popularity of NEObased DApps remains low. Additionally, its Consensus Nodes are quite centralized, which can be problematic in the future.
Coin Bureau
4.0

Neogas (GAS): The Cost of Computing on NEO

2018-03-06
Neogas is a sub asset of the NEO token and can be considered analogous to GAS on the Ethereum network. Neogas is being used to pay for the operations on the Neo Virtual Machine (NVM). It is being used to regulate the computations and restrict the prevalence of spam transactions. Neogas is also earned by NEO holders when they "Stake" their NEO on the network. Apart from executing smart contracts in the NEO ecosystem, Neogas is also used in order to pay for transactions. When staking NEO to earn gas, the daily "interest" will vary however unlike some other staking coins, rewards are paid out on a daily basis. Neogas is relatively liquid with a healthy volume to market cap ratio. GAS will generally follow the price of NEO which is quite volatile and exposed to Chinese news and developments.
  • Details
Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
100,000,00010,128,375---1
neoexplorer.co
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
17,190,378-https://github.com/neo-project-https://neo.org/TOKEN

GAS is also known as NEO GAS and was designed to control the NEO network. NEO has two different coins. The first coin is the main cryptocurrency NEO and the other is NeoGas, also known as GAS. In addition, both cryptocurrencies have a limit of 100 million coins. The GAS cryptocurrency is used to control the management’s rights to the NEO coin. These rights include, for example, accounting reconciliation and changes to network parameters. It is also planned that the coins can be mined, but the function is currently not activated. Every time a smart contract is fulfilled, the bookkeeping must be used, which is verified by the Blockchain technology. Companies on NEO blockchain must spend GAS to run their apps on the NEO system (e.g. smart contract registration fees) and this GAS is recycled back to the NEO holders AS WELL AS the newly generated GAS. So, as the NEO network grows and becomes more used then the GAS produced by holding NEO will increase and increase.