$GAS
GAS is the utility token of the NEO blockchain (often referred to as the "Chinese Ethereum"). GAS is primarily used to pay transaction fees and for smart contract execution on the NEO network.
Key Features of GAS:
1. Utility:
- GAS is required to perform operations on the NEO blockchain, such as deploying and running smart contracts or transferring tokens.
- It ensures that the network functions efficiently and incentivizes network participants.
2. Dual Token Model:
- NEO operates on a dual-token model:
- NEO represents ownership and governance.
- GAS is used to power transactions and services.
- Holders of NEO automatically generate GAS over time through staking.
3. Fixed Supply:
- The total supply of GAS is capped at 100 million tokens, with a diminishing issuance rate over time.
4. Decentralized Application (dApp) Support:
- GAS is essential for developers building decentralized applications on the NEO blockchain, as it facilitates transaction validation and resource allocation.
5. Compatibility:
- GAS tokens can be stored in NEO-compatible wallets, such as NEO Wallet, O3 Wallet, and Neon Wallet.
How to Obtain GAS:
- Generate GAS: By holding and staking NEO in compatible wallets.
- Buy GAS: Available on major exchanges like Binance, KuCoin, and Gate.io.
If you'd like to learn more about how GAS works or the current NEO ecosystem, feel free to ask!
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