Cryptocurrency profile · GAS
Gas
$1.49 USD
- Market cap rank
- 299
- Market cap
- 97,867,744
- Circulating supply
- 65,093,580
- Max supply
- —
About Gas
Gas is one of two coins created by the Neo Foundation. It is used to pay processing fees for Neo, functioning similarly to the concept of ether gas as a power for transactions. Neo uses a Proof of Stake (PoS) hashing algorithm, where block processing power depends on the amount of tokens held by miners rather than the mining power used in Proof of Work. Neo holders are compensated with a certain amount of Gas every month, described as a concept of interest generated by PoS mining. At the beginning of the release, about one Neo was paid per day with 1000 Neo, but the design algorithm gradually decreases this over time, which is offset by price increase. Gas is closely related to Neo and forms a necessary relationship with it.
- Gas is one of two coins created by the Neo Foundation.
- Gas is used to pay processing fees for Neo, similar to ether gas.
- Neo holders are compensated with a certain amount of Gas every month.
- At the beginning of the release, about one Neo was paid per day with 1000 Neo.
- The compensation design algorithm gradually decreases over time, which is offset by price increase.
- Consensus
- proof-of-stake
- Token standard
- native
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| Exchange | Price | Payment | |
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CEX.IO
Best rate
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1.48 USD | Sell Sell here | |
CEX.IO
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1.48 USD | Sell Sell here | |
| CEX.IO CEX · 2m · E-wallet · PayPal | 1.48 USD | Sell Sell here | |
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