Smart assets are a combination of smart contracts on the blockchain and digital assets. The main goal of the NEO cryptocurrency is to create a financial system that unites real assets into the digital world.
The NEO cryptocurrency uses electronic contracts to store records of digital assets. In the Chinese cryptocurrency NEO, digital tokens generated by electronic contracts function as general base data that can be used to digitally record different assets: stocks, creditors’ claims, securities, financial contracts, credit scores, bills of exchange and currencies, etc. NEO also developed its original Superconductor trading engine, allowing digital trust exchange through a decentralized marketplace without having to contribute anything to the network.
NEO and GAS tokens
The platform includes 2 different tokens – NEO and GAS, which govern the NEO network. The system created 100 million tokens, which are the property of the blockchain. At the same time, 50 million of them are on the account and, over time, are used to develop the NEO ecosystem. Another 50 million were distributed among the participants of the ICO of the NEO cryptocurrency in accordance with a previously developed mechanism.
The total amount of NEO coins is fixed at 100 million and cannot be increased. The smallest unit of NEO is 1 NEO and cannot be subdivided. Within the network, NEO can be used as a basis for voting on the future blockchain, as well as for using GAS to generate new blocks or for network maintenance.
Cryptocurrency GAZ
An alternative GAS token (GAS cryptocurrency) is generated at a rate of 8 tokens for each new block in the blockchain. The production rate for 1 token for every 2 million generated blocks. Around 2039, the volume of GAS will not be 100 million, and its generation will stop. Unlike NEO, GAS can be split.
GAZ dividends are also accumulated as fees on the network. Users pay with this cryptocurrency to create and launch smart contracts. These fees are distributed among the blockchain participants as a reward for their online activities.
Exchange NEO for GAS
If you are looking for a safe and convenient exchange service to NEO to GAS convert, our platform is the best place to do it.
Current NEO price in GAS
You can check the current exchange rates on the corresponding page of our website. However, don’t forget that cryptocurrency is an unstable asset. Thus, always check the exchange rate before requesting a transaction.
How to convert NEO to GAS?
You don’t need to be a specialist to convert coins here. All you have to do is go to our exchange widget and follow these steps:
● Select a coin to sell.
● Enter the amount.
● Select a coin to buy.
● Make a deposit.
Now the system will compare rates on all available exchanges. Once the best option is found, an order will be placed and the transaction will be completed. Your money will be credited to your wallet. If you wish, you can download a receipt with all the details of the transaction.
Which exchanges support GAS?
Any cryptocurrency is only valued when it is available for buying and selling. You can buy and store GAS on two exchanges – Binance and Kucoin. Binance allows you to buy, sell, or exchange a variety of digital currencies, including NeoGas. The exchange interface is clear, there will be no problems with real-time trading. Kukoin is an actively developing project, in many ways similar to Binance. NEO and GAS trading pairs were among the first to be added to this exchange. Learn and read more information here: https://alligat0r.com/coin-pairs.