GAS

Reasons to Buy Gas Token

• – It has the smallest unit of 0.00000001.
• – It is used to pay to the neo blockchain for recording and additional services.
• – When a smart contract is made in Neo network, both system and network fees are required.
• – It has a market capitalization of more than $94 million.
• – It has a maximum supply of 100 million coins.

Gas is the fuel token of the NEO blockchain for the realization of the network. It can be divided to a very large extent that facilitates an easy transaction process. Gas coins could also be earned by claiming that it is itself a plus point. At present, for utilizing the neo network, users need to pay fees in GAS for registering decentralized applications on the ecosystem. A single block generates 5 gas tokens that, in turn, are distributed to committee members, voters, and neo token holders.

Things to consider before buying Gas Token

• – Gas is a P2P cryptocurrency with low transaction fees.
• – It works on the delegated Byzantine Fault Tolerance (dBFT) consensus algorithm.
• – Anyone who uses the NEO network needs to pay the network and system fees in GAS.

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