Gas (GAS)
Rank #280
Market snapshot
- Price
- $0.989751
- Market cap
- $64.3M
- 24h volume
- $1.7M
- Circulating supply
- 64,992,331
- Total supply
- 64,992,331
- Max supply
- N/A
What is Gas?
Gas (GAS) is a cryptocurrency that operates on the Neo platform. It is used primarily as a utility token within the Neo ecosystem, allowing users to pay for transaction fees, smart contract deployments, and decentralized application (dApp) purchases. Gas is distributed to NEO holders, providing them with passive income without the need for staking.
How Gas works
Gas operates on the Neo blockchain. The Neo platform supports the development of decentralized applications (dApps) and provides a native infrastructure for building these applications. Users can utilize Gas to pay for network fees and interact with smart contracts on the Neo blockchain. The network allows for advanced interoperability, connecting with other blockchains and expanding its ecosystem.
Key information
- Symbol
- GAS
- CMC rank
- #280
- Network / platforms
Neo
- Categories
- N/A
- Date added
- Jul 6, 2017
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Neo
0xdE41591ED1f8ED1484aC2CD8ca0876428de60EfF
Key characteristics
Gas is categorized under several tags, including DeFi, smart contracts, and payments. It is part of the Neo ecosystem, which emphasizes decentralized application development and governance participation by NEO holders.
Documented uses
Gas serves multiple purposes within the Neo ecosystem. It is used to pay for network fees, smart contract deployments, and purchases within decentralized applications (dApps). Additionally, NEO holders receive Gas as a passive distribution, enhancing their engagement with the network without requiring staking.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Gas (GAS)?
- Gas (GAS) is a cryptocurrency that operates on the Neo platform, serving as a utility token within the Neo ecosystem.
- How does Gas work within the Neo network?
- Gas operates on the Neo blockchain, enabling users to pay for transaction fees, smart contract deployments, and dApp purchases while benefiting from the platform's advanced features.
- What are the use cases for Gas?
- Gas is used to pay for network fees, smart contract deployments, and purchases within decentralized applications (dApps). NEO holders also receive Gas as a passive distribution.
- What should I know about transferring Gas?
- Verify the asset name, network, and contract details before transferring Gas. Ensure the destination address is correct, as transfers may be irreversible.
- Where can I find official resources for Gas?
- Official resources for Gas can be found on the Neo website and technical documentation.
- How can I verify my acquisition of Gas?
- Verify the asset name, network, and contract details before acquiring Gas to ensure a secure transaction.
