GAS is also referred to as NEOGAS and was developed to control the NEO network. GAS is one of two coins owned by NEO, the other is NEO, NEO is also its main cryptocurrency. The GAS crypto manages the rights to the NEO coin, these rights include; – Changes to network parameters – Accounting reconciliation Companies on NEO blockchain are required to spend GAS for their applications on the NEO system.
Both cryptos NEO an GAS are limited to 100million users. In the future, it will be made possible to mine both coins, however. the function has yet to be enabled. The total number of GAS coins in supply is 17,190,378 and 10,128,375 GAS coins are in supply. GAS is currently valued at $2.17 with a market cap of $21,941,384 and a 24hour trading volume of $1,807,990.