GAS

Live gas/INR Price

192-9.79

Price Changes

-1

24h Low

24h High

Live gas/INR Price

192-9.79

Price Changes

-1

24h Low

24h High

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.

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.