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.
Where is Gas available for purchase?
You can exchange GAS tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Gas is Upbit, notably the GAS/KRW pair, which saw a trading volume of $ 5,24 MLN. in the past day. Additionally, HTX and Binance are popular alternatives for trading tokens.
What is the highest value Gas (GAS) has ever reached?
Gas (GAS) reached its peak price at 91.94 $ on 15 January 2018, approximately 8 years ago ago. Presently, the current price is -96.47% lower than this all-time high.
What is the historical minimum price for Gas (GAS)?
The minimum price reached for Gas (GAS) was 0.6213 $, documented on 13 March 2020, more than 5 years ago. In comparison, the current price is 421.47%, it above this historical low.
What is the fully diluted valuation of Gas (GAS)?
The fully diluted valuation (FDV) of Gas (GAS) stands at $ 212,43 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of GAS tokens. The realization of this FDV might take several years depending on the emission schedule of GAS tokens.