The GAS coins is used for accessing NEO, a China-focused blockchain platform which wants to become the backbone of the emerging digital economy. NEO holders automatically earn GAS crypto for holding NEO in a NEO wallet that supports NEO staking. The Neo ecosystem has two tokens: NEO and GAS. The NEO token generates GAS tokens that can be used to pay for the transaction fees to utilize the NEO network. NEO holders receive GAS coins that NEO network users spend to use the NEO network. NEO and GAS could indeed form two significant pillars of our increasingly digital global economy. GAS is used to pay for network usage, such as executing smart contracts. GAS coins are the fuel that powers transactions in the NEO system. Every new block means 8 GAS coins are distributed for all 100 million NEO in existence.
How To Buy Gas or Add it to your strategy
The fastest, most convenient way to purchase Gas is to purchase it on ICONOMI. We check Gas live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Gas by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if Gas is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Gas, we recommend you read the next section, as copying might be a better approach.
Add Gas to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Gas in their structure.