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NEOGAS Rating Report
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.
Neogas (GAS): The Cost of Computing on NEO
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.