Gas (GAS) is the utility token of the NEO blockchain platform, designed to facilitate transactions and operations within the network. NEO employs a dual-token system: NEO and GAS. While NEO represents ownership and grants governance rights, GAS is used to pay for network fees, smart contract deployments, and other services on the NEO platform.
GAS is generated through a decaying half-life algorithm, releasing a total of 100 million GAS over approximately 22 years. This design ensures a controlled inflation rate, aligning with the network's growth and usage.
As of January 8, 2025, the market situation for GAS is as follows:
Please note that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. For the most current information, it's advisable to consult real-time cryptocurrency tracking platforms.
