GAS coin is actually the fuel token of the NEO blockchain. It is a token generated with the development of the NEO blockchain and is completely influenced by NEO. NEO represents a distributed network that can realize an intelligent economic system that is currently difficult to achieve. It mainly uses blockchain technology and digital identity to digitize assets and manage them automatically through smart contracts. The NEO blockchain includes two main tokens, the management token NEO and the fuel token GAS. Today, we will learn about the fuel token GAS together and find out what its essence is. This is also a question of interest to many investors, who want to know whether GAS coins are worth investing in.

The hottest GAS coin: the fuel token of the NEO blockchain, how can you earn 3 a day?

GAS coin, whose full English name is NeoGas, is often nicknamed "Little Ant Egg". It is one of the native tokens of the NEO network, with a total supply of 100 million. GAS coins are generated with the generation of new blocks on the NEO network and distributed to NEO holders for free. Currently, users with 10,000 NEO can receive approximately 3 GAS per day. In addition, GAS is also used as fuel for NEO transfers. However, NEO transfers are currently free, and you only need to pay 500 GAS when deploying NEO smart contracts.

GAS tokens, as fuel tokens, will be gradually generated to the address of the NEO management token over a period of approximately 22 years according to a tapering algorithm. When NEO management tokens are transferred to a new address, the subsequently generated GAS will also be stored in the new address. The functions of GAS include paying NEO’s additional service fees, paying NEO’s base byte fee, and serving as a deposit for bookkeeping candidates.

There are two native tokens within the NEO network, namely NEO (abbreviated as NEO) and NeoGas (abbreviated as GAS).

An opportunity not to be missed to get rich? The investment prospect of GAS currency is one banknote and one stock?

Whether GAS currency is worth considering for investment, you need to understand that NEO has set up a dual token system, including NEO and GAS. The difference between the two can be explained in the following way: NEO is like the stock of the company Xiaoyi (the team behind NEO). Holding NEO is equivalent to holding the equity of this company and gives you the right to participate in voting. . In addition, Xiaoyi officials also use NEO tokens instead of GAS when rewarding the community or making external investments.

The GAS token is regarded as a fuel token, which generates 8 GAS per block during the blockchain creation process. With every 2 million blocks produced, the GAS generation rate decreases by 1 GAS. It is expected that by around 2039, the total supply of GAS will reach 100 million and the generation process will cease. Unlike NEO, GAS can be divided and circulated. In addition, GAS dividends will also increase as network fees increase. Users need to pay GAS to deploy and run smart contracts. This fee is proportional to the computing resources consumed by the contract, and will be assigned to "bookkeepers" in the network as rewards to encourage them to actively participate in the maintenance of the network.

To explain with a less precise example, holding NEO is like holding Moutai shares. It is an asset, and GAS is the currency you need to pay, similar to the cash you need to pay when buying Moutai. . However, at present, the ecosystem development of NEO is relatively slow and lags behind ONT (Ontology). In addition, the dual-token mechanism also faces greater difficulty in recognition in the market, so GAS coins currently do not have much investment value.

In summary, GAS currency is the fuel token on the NEO public chain, and its value and development mainly depend on the success of NEO and the development of the ecosystem. Although NEO once aroused the interest of a wide range of investors, over time, NEO's development has not been satisfactory, so the investment value of GAS coins needs to be carefully evaluated.

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