NeoGas Price
(GAS)
USD($)
NeoGas (GAS) Live Price Chart
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NeoGas Live Price Data
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NeoGas(GAS) Profile
Rank150
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Contract
Neo 0xd2a4cf...6cf
Audited By
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Code & Community
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Investors
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$4.9200
$5.3900
$97.4900
+0.12%
+8.62%
+9.83%
$344.25M
$23,621
64,992,331
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About GAS
How can I buy NeoGas (GAS)?
What Is NeoGas (GAS) Crypto?
NeoGas (GAS) is a cryptocurrency associated with the Neo blockchain platform. Neo, often referred to as "Chinese Ethereum," is a blockchain network that allows developers to create decentralized applications and smart contracts. GAS serves as the fuel for the Neo network and has several important functions.
NeoGas (GAS) plays a vital role in the Neo blockchain ecosystem to facilitate transactions, smart contract execution, asset creation, and network security. It also empowers token holders to have a say in the platform’s governance. GAS is distinct from the primary token, Neo (NEO), which represents ownership in the Neo network and can be staked to generate additional GAS.
GAS can be generated by holding NEO tokens in a Neo wallet. This process is known as staking $GAS, and it provides an incentive for users to hold and support the network.
How Does NeoGas Work?
NeoGas (GAS) is one of two utility tokens used within the Neo ecosystem. GAS tokens are required to pay transaction fees when transferring NEO tokens on the network or executing smart contracts.
They are also required when interacting with dApps on the Neo blockchain. In addition, they double up as Neo’s governance token.
As a NeoGas holder, you can contribute to the decentralized governance mechanism of the Neo Network and shape its evolution.
History of NeoGas and GAS Coin
NeoGas, often called GAS, is the secondary token in the Neo ecosystem. Neo was founded by Da Hongfei and Erik Zhang in 2014. Neo aims to create a smart economy by digitizing real assets using blockchain technology.
The project was initially known as "Antshares" before rebranding to Neo in June 2017. This rebranding aimed to reflect a more comprehensive vision of a smart economy powered by blockchain technology.
The Neo network has had various phases and milestones in its development:
1. Antshares (2014-2017): The initial phase involved laying the groundwork for the platform, focusing on digital asset management.
2. NEO (2017): The rebranding marked a shift towards a broader vision of a smart economy and digital identity.
3. NEO 3.0 (Ongoing): NEO 3.0 is the latest major upgrade, aiming to enhance the platform's performance, scalability, and developer-friendliness. It's designed to support large-scale commercial applications.
How to Use GAS Token
$GAS is a native token within the Neo network ecosystem and has the following use cases:
Pay Transaction Fees on Neo Network
GAS is used to pay for transaction fees on the Neo network. When you perform transactions, such as transferring NEO tokens or executing smart contracts, you must pay a certain amount of GAS to incentivize network validators.
Generate and Manage Assets
GAS is required to create and manage assets on the Neo blockchain. This can include creating new tokens or assets that can be used in dApps.
Participate in Network Governance of Neo Blockchain
Holders of NEO tokens, which generate GAS over time, can use GAS to participate in network governance and vote on proposals or changes to the Neo blockchain.
Staking NEO to Generate GAS
GAS is a utility token for covering transaction costs and a means of participation and governance within the Neo blockchain. It is generated by holding NEO and is a fundamental component of the ecosystem's economic model.
Trade or HODL GAS
Trade NeoGas token against other cryptos on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell GAS or hold it long-term if you believe in the future of the Neo network. Remember to DYOR before undertaking any trading decision in the crypto market.
NeoGas (GAS) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.4275 | 8.63% |
| 7 Days | $0.4818 | 9.83% |
| 30 Days | $-0.1738 | -3.13% |
| 3 Months | $-0.5133 | -8.70% |
24H Investment Barometer
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Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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FAQ
How much is 1 NeoGas (GAS) worth?KuCoin provides real-time USD price updates for NeoGas (GAS). NeoGas price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time GAS to USD exchange rates.
Is NeoGas (GAS) a Good Investment?
NeoGas (GAS) can be considered a good investment for several reasons:
Utility Token of Neo Blockchain
GAS is an integral part of the Neo blockchain ecosystem. It's used to pay transaction fees, create assets, and participate in network governance. As Neo’s adoption grows, the demand for GAS increases due to its essential role in network operations.
Scarcity Due to Limited Supply
$GAS has a limited supply, which is capped at 100 million tokens. This scarcity can potentially drive up its value as demand grows.
Stake to Earn Passive Income
NEO token holders can stake their tokens to generate GAS passively. This staking mechanism incentivizes users to hold NEO, contributing to network security and earning GAS in return.
What Is NeoGas Price Prediction?
While the volatile nature of the crypto market makes it impossible to offer a reliable GAS price prediction, the following factors could help you understand the price movements in NeoGas crypto:
Demand and Supply
Like any cryptocurrency, the $GAS price is influenced by the fundamental economic principles of supply and demand. If there is a high demand for GAS and a limited supply, the NeoGas price tends to rise.
Level of Adoption of Neo Ecosystem
GAS is closely tied to the Neo blockchain ecosystem. As Neo gains adoption for its smart contracts, dApps, and digital assets, the demand for GAS, used for transaction fees and asset creation, increases, supporting the value of NeoGas coin.
Future Developments in the Neo Ecosystem
Neo regularly undergoes upgrades and improvements. Positive upgrades that enhance scalability, security, and functionality can attract more users and developers, potentially boosting the GAS coin value.
Cryptocurrency Market Trends
Broader market trends influence the GAS to USD price. The NeoGas price could strengthen amid a bullish market sentiment. On the other hand, a bearish mood could weaken the $GAS price in the market.
How to Generate GAS By Staking NEO
You can generate $GAS tokens by staking NEO tokens in a Neo wallet. Staking NEO allows you to earn GAS passively as a reward. Here are the steps to generate GAS by staking NEO:
1. Buy NEO on KuCoin or other supported platforms and transfer to your NEO-compatible wallet. Some popular options include the official NEO wallet, NEON wallet, and various hardware wallets. Make sure your wallet supports staking and has the necessary features.
2. Access the staking function within your wallet.
3. Enter the number of NEO tokens you want to stake, and confirm your transaction using your wallet.
4. Earn staking rewards in GAS and grow your $GAS holdings by staking $NEO.
What is the all-time high price of NeoGas (GAS)?
The all-time high price of NeoGas (GAS) is $97.4900. The current price of GAS is down 0.94% from its all-time high.
What is the all-time low price of NeoGas (GAS)?
The all-time low price of NeoGas (GAS) is $0.5991. The current price of GAS is up 7.98% from its all-time low.
How much NeoGas (GAS) is there in circulation?
As of 5 21, 2024, there is currently 64,992,331 GAS in circulation. GAS has a maximum supply of --.
What is the market cap of NeoGas (GAS)?
The current market cap of GAS is $344.25M. It is calculated by multiplying the current supply of GAS by its real-time market price of $344.25M.
How do I store NeoGas (GAS)?
You can securely store your NeoGas in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your GAS include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Xai (XAI) to cash?
You can instantly exchange your Xai (XAI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert XAI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-05-21 08:30:49 (UTC+8)
24h Volume2,798,496,825USDT