Market Data & Token Stats
| Fully Diluted Valuation | $108.15M |
|---|---|
| 24H Trading Volume | $4.70M |
| 24H Low / High | $1.62 / $1.66 |
| Circulating Supply | 65.09M |
| Total Supply | 65.09M |
| Max Supply | ∞ |
Key Project Information
| Categories | Infrastructure 2 more |
|---|---|
| Founder | Da Hongfei 1 more |
| Website | neo.org |
| Socials | |
| Chains | Neo Ecosystem |
| Contracts |
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$gas Markets
| Name | Pair | OG Score |
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About Gas
NeoGas (GAS): Fueling the Neo Blockchain Ecosystem
NeoGas (GAS) is a vital component of the Neo blockchain platform, serving as the fuel for its network operations. It is one of two native tokens on the Neo blockchain, the other being NEO.
Functionality and Utility
GAS is primarily used to pay for transaction fees on the Neo network. Whenever users transfer NEO tokens or execute smart contracts, they are required to pay a certain amount of GAS to incentivize network validators. Additionally, GAS is essential for creating and managing assets on the Neo blockchain, including tokens used in decentralized applications (dApps).
Governance and Participation
Holdings of NEO tokens generate GAS over time, which can then be used for network governance. GAS holders have the opportunity to participate in voting on proposals or changes to the Neo blockchain, contributing to its decentralized governance mechanism.
History and Development
NeoGas, originally known as Antshares, was founded in 2014 by Da Hongfei and Erik Zhang. The project underwent a rebranding to Neo in 2017, aligning with its vision of a smart economy powered by blockchain technology. The ongoing development of Neo 3.0 aims to enhance the platform's performance, scalability and developer-friendliness to support large-scale commercial applications.
Technical Overview
Neo is a Layer-1 blockchain that utilizes the Neo Virtual Machine (NVM) for executing smart contracts. It supports multiple coding languages to cater to a wide range of developers. The platform employs a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism for achieving network consensus.
In conclusion, NeoGas (GAS) plays a critical role in the Neo blockchain ecosystem, facilitating transactions, smart contract execution, asset creation and network governance. Its integration into the platform's economic model highlights its importance in sustaining the growth and development of the Neo network.
What is unique about Gas (GAS)?
NeoGas (GAS) serves as the fuel for the Neo blockchain, facilitating transactions, smart contract execution and asset creation. Its integration into Neo's ecosystem enables users to participate in network governance and shape its evolution.
Who are the founders of Gas (GAS)?
NeoGas (GAS) was founded by Da Hongfei and Erik Zhang in 2014. They envisioned creating a smart economy by digitizing real assets using blockchain technology, leading to the development of the Neo blockchain platform.
Where can I buy Gas (GAS)?
Binance, OKX, Gate.ioBitgetHTX
Information in this section carefully collected and curated from publicly available data from official sources, including the Gas Official Website, Gas GitHub Repository and Gas X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.