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GAS is a cryptocurrency used to complete transactions on the NEO blockchain. When you hold NEO in your cryptocurrency wallet, you’ll also be rewarded with GAS generated by the construction of the blockchain.
GAS is used to power the NEO blockchain network, with users needing to pay GAS fees to deploy and run smart contracts. The fee charged is calculated based on the computing resources used by the contract. GAS is also generated at a rate of 8 GAS per block as the blockchain is constructed. With each new NEO block generated, GAS is distributed to all NEO holders – this process is similar to the way a company might pay dividends to its shareholders.
NEO, the blockchain that utilises GAS tokens, was originally launched as AntShares by Da Hongfei and Erik Zhang back in 2014. China’s first public blockchain, AntShares was rebranded to NEO in 2017. The NEO platform aims to rival Ethereum – it’s even commonly referred to as China’s Ethereum – and provides a smart contracts ecosystem to allow for the easy storage and exchange of digital assets.
Gas (GAS) is the 516th largest cryptocurrency in the world by market cap, valued at $36,297,016. The current price of Gas is $2.61, which is 2.245% higher than yesterday. Prices have ranged between $2.66 and $2.5 over the past 24 hours. All prices are listed in US dollars and accurate as of January 27, 2023 06:01 UTC.
| Coin symbol | GAS |
|---|---|
| Coin Marketcap | US$36,297,016 |
| Total GAS supply | 100,000,000 |
| Circulating GAS | 13,935,116 |
| Current price | US$2.61 |
| All time high | US$91.94 |
| All time high date | January 15, 2018 |
| Notable team members | Da Hongfei, Erik Zhang |
| Industry | Blockchain platform |
| Token uses | Transaction fees |
| Network | Neo |
Historical prices compared with the price of US$2.61.
| 1 hour | 0.26% |
|---|---|
| 24 hours | 2.24% |
| 7 days | 6.06% |
| 14 days | 15.54% |
| 30 days | 23.81% |
|---|---|
| 60 days | 14.44% |
| 200 days | -7.62% |
| 1 year | -36.90% |
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Disclaimer: Cryptocurrencies, including Gas, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of GAS is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Gas or any other cryptocurrency discussed.
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