About Gas
Gas is one of the two coins created by Neo Foundation. Gas is used as a processing fees for Neo coin. Neo hashing algorithm is Proof of Stake (PoS), where blocks processing power depends on the amount of tokens held by miners instead of the Proof of Work method which depends on the mining power that a miner has to create a new block. Neo holders is compensated with certain amount of Gas every month, is a similar concept to the ether gas and is used as a power for transaction (transaction). It is a coin that is paid as compensation of a concept of interest generated by PoS mining. At the beginning of the release, about one Neo was paid per day with 1000 Neo, but it has a design algorithm that is gradually decreasing over time, which is offset by the price increase. It is a coin that is closely related to Neo, walking along the path of the companion with the rise of Neo, and it forms a necessary relationship that the movement must be moving in a fluid manner.
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Trading Insights
Searched
18
Market Stats
Market Cap
$191.03M
-5.79%
FDV
$191.03M
Circ. Supply
65M GAS
Max Supply
Not enough data
Total Supply
65M GAS
Diluted Valuation
$191.06M
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$19.80M
148.31%
Volume (7D)
$67.56M
Volume (30D)
$331.01M
All time high
$97.49
Price Change (1Y)
-29.05%
Additional info about Gas
Recent trends
The latest GAS price is $2.94. Compared to Gas's value of $3.12 from 24 hours ago, there's been a -6% decrease, while the current price is 5% up from $2.79 which was recorded one week ago. Gas's all time high is $97.49, which was reached on January 15, 2018. This is a -97% change from its price today.
The market cap is currently $191.03M, which is a result of multiplying the current price of Gas($2.94) by the total supply(64,992,331 GAS). The fully diluted valuation of Gas is $191.03M. The diluted valuation of Gas is $191.03M.
Market details
GAS vs markets
↘ 48.98%
GAS vs BTC
↘ 55.48%
GAS vs ETH
↘ 7.28%
Tags
medium-of-exchange
defi
payments
smart-contracts
+1
Network & Addresses
Network | Address | |
|---|---|---|
Neo | 602c79718b16e442de58778e148d0b1084e3b2dffd5de6b7b16cee7969282de7 | |
Neo | 0xd2a4cff31913016155e38e474a2c06d08be276cf | |
Neo | 0xdE41591ED1f8ED1484aC2CD8ca0876428de60EfF |
Price history
Time | Price | Change |
|---|---|---|
Today | $2.94 | ↘ 5.90% |
1 Day | $3.12 | ↘ 5.83% |
1 Week | $2.79 | ↗ 5.50% |
1 Month | $3.70 | ↘ 20.52% |
1 Year | $4.14 | ↘ 29.05% |
FAQ
Gas (GAS) is a utility token on the NEO blockchain designed to fuel transactions and operations within the network. It functions as part of NEO's dual-token model, working alongside the NEO token. While NEO represents ownership and allows holders to participate in network governance, Gas is used to pay for transaction fees, smart contract deployments, and decentralized application (dApp) interactions. This separation of governance and utility aims to streamline the blockchain's operations, providing clear, distinct roles for each token within the NEO ecosystem.
Gas functions as the utility token within the NEO blockchain, facilitating transaction fees and smart contract executions. When users make transactions or deploy smart contracts, Gas is used to cover the costs associated with these operations. Unlike traditional staking models, Gas is passively distributed to NEO token holders, rewarding them for their participation in the network. Holders who actively engage in governance, such as voting, may receive increased distributions. This system incentivizes both network activity and governance participation, ensuring the NEO blockchain remains efficient and user-driven.
Gas has several use cases within the NEO ecosystem. Its primary function is to cover transaction fees on the network, enabling smooth processing of transfers and operations. Gas is also essential for deploying smart contracts, a critical feature that automates tasks and digital asset management on the blockchain. Additionally, it can be used within dApps for purchases and interactions, serving as a medium of exchange within the NEO ecosystem. The dual-token model also allows Gas to be passively distributed to NEO holders, promoting continuous engagement and incentivizing governance participation.
Gas was introduced as part of the NEO blockchain, initially known as Antshares, founded by Da Hongfei and Erik Zhang. The NEO network evolved significantly in 2021 with the launch of NEO N3, an upgraded version of the blockchain. This upgrade introduced features like distributed storage, oracles, and name services, enhancing the platform's functionality. Throughout its development, Gas has played a key role in supporting transactions and operations, contributing to the growth of the NEO ecosystem as its primary utility token.
We update our Gas to USD currency in real-time. Get the live price of Gas on Coinbase.
The current market cap of Gas is $191.03M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Gas is $97.49. This all-time high is highest price paid for Gas since it was launched.
Over the last 24 hours, the trading volume of Gas is $19.80M.
Assets that have a similar market cap to Gas include OriginTrail, VeThor Token, ZKsync, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Gas is 65 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Gas news
Trending articles
Social stats
Popularity in posts
#108
Contributors
7,835
Posts
9,987
% About Gas
0.275%
Articles
60
Hold times
0 days
X (Twitter)
13.67% bullish
Sentiment
4.8 ★
Highlights
7,835 unique individuals are talking about Gas and it is ranked #108 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Gas has an average sentiment score of 96 out of 5. Finally, Gas is becoming less newsworthy, with 60 news articles published about Gas.
On Twitter, people are mostly neutral about Gas. There were 19.21% of tweets with bullish sentiment compared to 40.53% of tweets with a bearish sentiment about Gas. 80.79% of tweets were neutral about Gas. These sentiments are based on 2639 tweets.
On Reddit, Gas was mentioned in 244 Reddit posts and there were 358120 comments about Gas. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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1 Gas (GAS) to Real (BRL)
R$16.27
1 Gas (GAS) to Nigerian Naira (NGN)
NGN 4,531.00
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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