Cryptocurrency Markets, Actual Rates and Cryptocurrency Charts

Gas GAS

+7.91
5,49 USD
0,000845 BTC
Market Cap
55 631 361 USD
8 545 BTC
Volume (24h)
2 208 056 USD
339 BTC
Circulating Supply
10 128 375 GAS
Max Supply
17 190 378 GAS

Fuel in the NEO Eco-system

Gas is the token on Neo platform. Its ticker symbol is GAS. Unlike its Big Brother (NEO coin) it is dividable but has the same maximum supply quantity. NEO holders get the voting rights within the system and dividends in the form of GAS. GAS is also employed as the means of payment and running smart contracts. GAS tokens are collected as a fee for running smart contracts, and the required amount is tied to the complexity of the contract and the required computational power to execute it. The fees are then distributed among the Bookkeeper Nodes.

More on NEO Bookkeeper Nodes and Gas tokens

GAS also plays a vital role in accreditation of Bookkeeper Nodes. If you want to make a Bookkeeper Node on NEO platform, you will have to possess more than 1000 Gas tokens and set apart a dedicated Internet connection and specific equipment for the privilege.

More...