Exchange Gas

GAS (also called NeoGas) is the operational token powering the Neo ecosystem, a Chinese project that was rebranded from AntShares. Neo itself is a platform for combining real and virtual economies. The idea of the project was to create a government-compliant project to solve the problem of digital identification. GAS focuses on smart contracts and acts as a means of paying fees for processing transactions. On the platform, each block generates 8 units of GAS every 15-20 seconds and 100 million will be issued in total, which are proportionally distributed among the NEO coin holders. NEO developers say the maximum amount won’t be generated for the next 22 years. NEO holders can also keep their NEO coins in private wallets in order to be able to claim GAS. The rebranding earned GAS much credibility and it currently holds a place within the top-400 cryptocurrencies, according to CoinMarketCap. NEO platform's main focus is on assets, digital identity, and other future features, which differentiates it from Ethereum and attracts people to use GAS as an operational token. GAS token is also presented on a vast number of exchanges.