GAS is a cryptocurrency used to complete transactions on the NEO blockchain
What is Gas (GAS)?
Gas is a cryptocurrency used to pay for transactions on the NEO network. GAS is the operational token that powers the smart contracts and tokens built on the NEO blockchain. NEO is the second generation, an Ethereum-like platform with an advanced, open source API. It is developed in China; NEO treats some ICO projects on its blockchain, all of which use Gas to fuel their transactions with NEO.
Gas (GAS): History
NEO originally started Antshares, originated as ‘China’s first platform’ in 2014. It has an evolving project with some parts still under development, and it employs Ethereum-like smart contracts and hosting it’s own a token system. The NEO team had released a “Gas Market dApp” where users can go to purchase additional gas to cover their transaction fees. In its first year after being introduced to markets after the AntShares rebranding period, Gas has been extremely volatile, experiencing massive price swings and climbing 22-fold in dollar price over a 7-month period.
How Does Gas (GAS) Work?
Gas is one of the two native tokens of the NEO blockchain. There are 100 million tokens, and Zero Gas tokens were created. Gas is distributed to all addresses holding NEO at a rate of 8 Gas per block, which are an average of 15-20 seconds apart. Gas is issued proportionally to the amount of NEO held by each address. NEO holders maintain their Gas using a feature built into the platform and most wallets. Eventually, the amount of Gas created will equal the total amount of NEO, at which time no new Gas will be generated.
How to Buy Gas (GAS)?
First of all, get a Gas wallet to store your coins. Then register with an exchange that enables you to trade for GAS. You might have to trade popular cryptocurrency like bitcoin or Ethereum for GAS. Then exchange it for Gas.
Gas (GAS) Price Prediction 2018
GAS can be a profitable investment option. Gas price equal to 42.649 USD at 2018-02-28. If you buy Gas for 100 dollars today, you will get a total of 2.345 GAS. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-24 is 431.634 US Dollars. With a 5-year investment, the revenue is expected to be around +912.06%. Your current $100 investment may be up to $1012.06 in 2022. Gas (GAS) price today is $42.82 and have the current supply of 9,816,721 GAS. The market cap value is $420,361,822, and the volume is marked as $5,118,460. Gas price prediction, Gas price forecast, Gas price and news, GAS price forecast, GAS price prediction 2018, What is the price of Gas 2018.