The current price of GAS is $4.4580. Since 00:00 UTC, GAS has decreased by -1.13%. It currently has a circulating supply of 65,093,581 GAS and a maximum supply of 65,093,581 GAS, giving it a fully diluted market cap of $290.38M. At present, the GAS coin holds the 139 position in market cap rankings. The GAS/USD price is updated in real-time.
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The dual token model has seen significant adoption, offering numerous advantages, such as addressing regulatory compliance concerns and expanding token functionality. GAS operates within a dual-token framework, which enhances its capabilities and usage within the ecosystem.
What is GAS?
GAS is a digital asset for accessing the NEO network, a China-based project that seeks to play a leading role in the emerging digital economy. With GAS, users can interact with the NEO blockchain, enabling them to develop and deploy various decentralized applications (DApps).
When transactions are processed on the blockchain, nodes validate and add new blocks, earning rewards through transaction fees paid in GAS. Furthermore, GAS is also utilized as a means of payment for executing smart contracts on the NEO platform.
The GAS team
The GAS project was initiated by Da Hongfei and ZhengWen Zhang as part of the broader NEO blockchain in 2014. The team comprises experienced professionals in the blockchain, cryptocurrency, and financial sectors.
GAS has garnered support from reputable venture capital firms, including 7 Star Capital, Block Ventures, BetterVerse DAO, Fork Ventures, and Evangelion Capital, further validating its potential and attracting investment from key players in the industry.
How does GAS work?
Early blockchain-based projects like Bitcoin (BTC) focused on facilitating cross-border payments seamlessly. GAS operates within the Neo ecosystem, which aims to go beyond facilitating cross-border payments and transform blockchain into a comprehensive system. NEO and Ethereum (ETH) introduced the concept of smart contracts and advanced tools to empower blockchains in creating new digital assets, securing digital identities, and eliminating intermediaries.
GAS serves multiple functions within the NEO network. Firstly, it allows prospective users to pay for network usage and other activities within the ecosystem. Additionally, GAS serves as the network's reward token, incentivizing participants. Lastly, GAS powers Neo by enabling developers to build and launch DApps and execute smart contracts, enhancing the functionality and versatility of the platform.
GAS utility token
GAS is the utility token of the NEO network, serving as the fuel for the blockchain and enabling users to create and launch DApps and smart contracts. It also functions as a reward token, allowing NEO holders to earn passive income by staking a portion of their holdings for a specified duration.
GAS tokenomics
GAS has no maximum supply limit, but the team plans to generate 100 million GAS tokens using an advanced algorithm to complement the 100 million NEO supply. Currently, over 13.9 million GAS tokens are in circulation, providing users with access to NEO.
Approximately 10 million GAS tokens are released yearly as rewards for adding new blocks to the blockchain.
How to stake GAS
How to stake GAS GAS cannot be staked. However, NEO holders can earn GAS by committing a portion of their tokens to the network. To begin, go to the Neo website, click on the governance option, connect your wallet, choose an amount to be locked, and complete the process. Once successful, you can potentially start earning GAS. However, the rewards are proportional to the selected amount and duration.
GAS use cases
GAS enables developers to publish on the Neo blockchain, supporting smart contract execution and serving as a reward for holding and staking NEO. It also functions as a daily block reward, with the team minting and releasing five GAS tokens daily.
GAS token distribution
GAS token distribution Like Bitcoin and other Proof of Work (PoW) coins, all GAS tokens are generated through block generation. Initially, the block reward was 8 GAS per year, gradually decreasing by 1 GAS annually. This reduction continues until the final GAS token is awarded as a block reward, estimated to occur after approximately 22 years.
What lies ahead for GAS?
As an essential token of the Neo blockchain, GAS empowers the network and enables developers to create and deploy applications. The future looks promising for GAS, as the growth of Neo directly contributes to its own success.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 50K new posts about GAS, driven by 14K contributors, and total online engagement reached 62M social interactions. The sentiment score for GAS currently stands at 51%. Compared to all cryptocurrencies, post volume for GAS currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of GAS.
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Posts
50,188
Contributors
14,405
Interactions
61,690,352
Sentiment
51%
Volume rank
#0
X
Posts
34,923
Interactions
25,380,526
Sentiment
52%
GAS FAQ
What is GAS?
GAS is the token that powers the Neo blockchain, allowing users to create and launch numerous applications on the network.
What are the utility and benefits of holding GAS?
Holding GAS grants users access to the Neo blockchain, allowing them to build and deploy various decentralized applications (DApps), execute smart contracts, and earn GAS as a reward for actively participating in the Neo network.
What is the GAS price prediction?
While it’s challenging to predict the exact future price of GAS, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is GAS worth today?
Currently, one GAS is worth $4.4580. For answers and insight into GAS's price action, you're in the right place. Explore the latest GAS charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as GAS, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GAS have been created as well.
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