Overview of GAS (GAS Token)
Current GAS Price: $2.8440 (▼1.22% today)
Market Cap: $185M (#80 rank)
Circulating Supply: 65,093,581 GAS (100% of max supply)
Blockchain: Neo Network
Key Metrics
| Metric | Value | Change | Last Updated |
|---|---|---|---|
| All-Time High | $150.00 | -98.11% (-$147.16) | Jan 16, 2018 (UTC+8) |
| All-Time Low | $0.55000 | +417.09% (+$2.2940) | Mar 13, 2020 (UTC+8) |
👉 Track live GAS price movements
What Is GAS?
GAS is the utility token powering the Neo blockchain, functioning as "fuel" for network operations:
- Used for transaction fees, smart contract execution, and asset registration.
- Generated through a decay algorithm tied to NEO token holdings (1:1 correlation with NEO's 100M max supply).
- Total supply capped at 100M GAS, distributed over 22 years.
Core Features
- Decentralized Governance: NEO holders vote for consensus nodes using GAS rewards.
- dBFT Consensus: Delegated Byzantine Fault Tolerance ensures fast transactions (~1,000 TPS).
- Developer-Friendly: Supports multiple programming languages (C#, Python, Java).
GAS Price Analysis
Historical Performance
- Peak Demand: Reached $150 during 2018 crypto bull run.
- Stability Phase: Consolidated between $0.55–$15 since 2020, reflecting Neo ecosystem growth.
Market Outlook
- Adoption Drivers: Neo's focus on digital identity and compliance positions GAS for enterprise use cases.
- Technical Support: Strong holder base at $2.50–$3.00 price range.
Where to Buy GAS?
Top Exchange:
👉 Buy GAS/USDT on OKX with low fees and high liquidity.
Trading Tips
- Use limit orders to buy at preferred prices.
- Monitor 24h volume (currently $5.39M) for liquidity insights.
GAS FAQs
Can I stake GAS?
Yes! By holding NEO tokens, you automatically earn GAS rewards proportional to your stake.
Is GAS a good investment?
Like all cryptocurrencies, GAS carries volatility risks. Consider:
- Neo's enterprise partnerships
- Regulatory developments in Asia (Neo's primary market)
How is GAS created?
Through a fixed emission schedule:
- Block reward: 5 GAS per block
- 80% to voters, 10% to NEO holders, 10% to consensus nodes
ESG Considerations
Energy Efficiency:
Neo's dBFT consensus uses <0.01% of Bitcoin's energy per transaction due to:
- Limited consensus nodes (21 rotating validators)
- No mining requirement
Governance Transparency:
- Committee elections every 21 blocks
- CertiK-audited (last audit: Sep 26, 2022)
Conclusion
GAS remains a critical component of Neo's vision for a compliant smart economy. Its dual role as governance enabler and network fuel makes it unique among layer-1 tokens. For real-time trading: