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Gas Price (GAS)

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Price of GAS today

The live price of Gas is - per (GAS / USD) with a current market cap of $217.83M USD. 24-hour trading volume is - USD. GAS to USD price is updated in real-time. Gas is -% in the last 24 hours with a circulating supply of 64.99M.

GAS Price History USD

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30 Days - 0%
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GAS Price Information

24h Low & High
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All Time High
$97.49
Price Change (1h)
0%
Price Change (24h)
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GAS Market Information

Popularity#197
Market Cap$217.83M
Volume (24hours)-
Circulation Supply64.99M
Total Maximum Supply--
Fully Diluted Market Cap$217.83M
All Time High$97.49
Issue Date2014-05-31

About Gas (GAS)

GAS cryptocurrency is one of the two tokens within the NEO blockchain ecosystem. Its primary function is to facilitate smooth execution of transactions on the NEO network and essentially serves as the currency for paying network fees.

NEO adopts a dual-token model to support user participation without reducing their staking power in the network. The NEO token grants users governance and voting rights, while GAS acts as the fuel that powers the blockchain operations.

The mechanism is simple: the network charges transaction fees, as well as storage fees for tokens and smart contracts. Anyone who wants to use the NEO blockchain must pay a registration fee using GAS tokens. The collected funds are then used as economic incentives for network bookkeepers. As a result, every validated transaction and newly created block generates additional GAS tokens, ensuring network efficiency and preventing resource abuse.

GAS token holders can choose to exchange their tokens back to NEO to earn dividend returns. As the network grows, the amount of GAS generated by converting GAS to NEO will gradually increase. In addition, as the ecosystem expands, the income generated from the cryptocurrencies in the holders' investment portfolios will also increase.

A significant portion of GAS tokens is allocated to voters as a reward for actively participating in network governance.

The total supply of GAS tokens is capped at 100 million, with a current circulating supply of 10,128,375. Unlike NEO, GAS is divisible, with a minimum unit of 0.00000001.

Importantly, claiming GAS tokens does not require staking NEO. Most NEO wallets provide a simple claim function, allowing users to easily collect their earned GAS tokens with just a click.

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People Also Ask: Other Questions About Gas

What is GAS used for?

GAS cryptocurrency is used to pay for transaction and registration fees on the NEO blockchain. Essentially, it functions as the currency for covering network fees, supporting smooth execution of transactions on the NEO network, as well as storage for tokens and smart contracts.

What is the circulating supply of the $GAS token?

The total supply of GAS tokens is capped at 100 million, with a current circulating supply of 10,128,375 tokens.

How does network consensus and validation work on NEO using GAS?

NEO’s network consensus and validation are supported by GAS. When users pay transaction and registration fees with GAS, those funds serve as economic incentives for network bookkeepers. This motivates them to validate transactions and create new blocks on the NEO blockchain. As a result, each validated transaction and newly created block generates additional GAS tokens, helping to maintain network efficiency and prevent resource abuse.

Convert GAS to local currency

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