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NeoGas

NeoGas (GAS)

$ 1.39
-0.5 %
Main info
News
Comments
Markets
Analytics
Market cap
$90.54M
-0.5 %
Volume (24h)
$3.1M
-0.5 %
Circulating supply
64,992,331 GAS
Total supply
64,992,331 GAS

About NeoGas

NEO and GAS Overview

GAS is also known as NEO GAS and was designed to control the NEO network. NEO has two different coins. The first coin is the main cryptocurrency NEO and the other is NeoGas, also known as GAS. In addition, both cryptocurrencies have a limit of 100 million coins.

GAS Functions

The GAS cryptocurrency is used to control the management’s rights to the NEO coin. These rights include, for example, accounting reconciliation and changes to network parameters. It is also planned that the coins can be mined, but the function is currently not activated.

GAS Usage and Distribution

Every time a smart contract is fulfilled, the bookkeeping must be used, which is verified by the Blockchain technology. Companies on NEO blockchain must spend GAS to run their apps on the NEO system (e.g. smart contract registration fees) and this GAS is recycled back to the NEO holders AS WELL AS the newly generated GAS.

So, as the NEO network grows and becomes more used then the GAS produced by holding NEO will increase and increase.

Key data

updated $0
Market cap$90.54M
Volume 24h$3.1M
Circulating supply64.99M

NeoGas (GAS) is the utility token of the Neo blockchain, working alongside its sister token NEO. While NEO represents ownership of the network, GAS is the fuel that pays for transactions, smart contract deployments, and other operations on Neo. If NEO is the share in the network, GAS is what you spend to actually use it.

Frequently asked questions

What is GAS and how is it different from NEO?

GAS is the operational token of the Neo network, used to pay transaction fees and deploy smart contracts. NEO, by contrast, represents network ownership, gives voting rights in governance, and is indivisible. The two tokens are designed to work as a pair: NEO is the stake, GAS is the fuel.

How does the Neo blockchain and its consensus work?

Neo uses a delegated consensus mechanism called dBFT (delegated Byzantine Fault Tolerance), where elected validator nodes agree on each block rather than competing to mine it. This allows fast finality — a transaction is confirmed in a single block and can't be reversed. It also keeps energy consumption low compared to proof-of-work chains.

How is GAS issued and what is its supply model?

GAS was originally generated as a decaying reward for holding NEO, with the issuance rate halving roughly every two million blocks until reaching a hard cap of 100 million tokens. Since Neo's version 3 upgrade, GAS is no longer generated by holding NEO; instead, it is distributed through network governance and voting participation. The total supply remains fixed at 100 million.

Where can you store and use GAS?

GAS can be stored in the official Neo wallets, such as NeoLine and other compatible wallets supporting the Neo N3 network, as well as hardware wallets for long-term storage. Within the ecosystem, GAS is used to pay fees for transfers, smart contract execution, and token minting. It also trades on major exchanges, so it can be moved between platforms like any standard crypto asset.