Trade GAS - GAS Markets, Exchanges, Broker
The Gas Coin was designed to make blockchain technology more accessible to different user groups. In addition, the Gas Coin, or crypto currency for short, allows the use of smart contracts so that investments can be managed via the distribution network. In addition, NEO is behind gas, where NEO is responsible for implementing and adhering to digital contracts.
What is gas?
Gas is also known as NEO Gas and is designed to control the NEO network. NEO has two different tokens. The first token is the main crypto currency NEO and the other is NeoGas, which is also called gas. In addition, both crypto currencies have a limit of 100 million tokens. The gas crypto currency is used to control the rights of the management to the NEO token. These rights include, for example, accounting reconciliation and changes to network parameters.
It is also intended that the coins can be generated by mining, but the function is not currently activated. Every time a smart contract is fulfilled, the accounting system must be used, which is verified using blockchain technology. As a reward, users receive a share of the gas currency. To prevent a sellout, the gas crypto currency is linked to the NEO coin, so that the value of both currencies is always identical.
Who is behind the gas coin and what is the company's vision?
NEO, previously known as Antshares, is China's first open source blockchain. NEO was founded in 2014 with the goal of revolutionizing trading. NEO relies on the so-called smart economy, which results from the digital systems, the digital identity and the smart contracts. NEO assumes that a paradigm shift from the "Internet of Information" to the "Internet of Values" is currently taking place.
This change will lead to the traditional economy merging with the digital economy, so that an easy exchange of all goods can take place. All laws, guidelines and social institutions will be fully transparent and fair in the future. NEO describes this scenario as the "Internet of Order" and at the same time as the primary corporate objective.
Gas Coin - Market capitalisation
Currently, there are about 82 million gas tokens, each with a value of about 26.90 USD. This results in a market capitalization of USD 228,119,581. In addition, the trading volume of gas in the last 24 hours was around USD 3 million. As recently as June, the price of a single gas token was below USD 2.0, resulting in an increase of 1,400%.
Gas exchange and wallet
Gas can currently only be bought and sold via Binance. Binance uses an easy-to-understand interface and serves as a trading platform for seven additional crypto currencies. After purchase, the gas tokens move to the "NEO Wallet", which is used to store gas. This wallet is provided by NEO in the AntShares app, which continues to be supplied with updates.