Gas is the native utility token of the Neo blockchain, created by the Neo Foundation to serve as the network's fee-paying asset. It is one of two tokens that underpin the Neo ecosystem and is used to pay processing fees for transactions and smart contract operations, functioning similarly to how ether is used within the Ethereum network. The Neo blockchain operates on a Proof of Stake consensus mechanism, and Gas is generated as a reward for NEO holders who stake their tokens. By holding NEO in a compatible wallet, users receive Gas distributions, with the issuance rate designed to gradually decrease over time according to a predetermined schedule. Beyond its role covering transaction costs, Gas represents the computational "fuel" required to execute operations on the Neo platform, including the deployment and invocation of smart contracts. It is categorized as an infrastructure and smart contract platform token within the NEO ecosystem, making it an integral component for developers and users interacting with decentralized applications built on Neo.
The dual-token listing puts Neo back on a top-tier US-accessible venue after years of thin institutional coverage — a low-stakes but symbolic win for the ecosystem.
Gas is one of the two coins created by Neo Foundation.
Gas (GAS) is categorised as: Infrastructure, Smart Contract Platform, NEO Ecosystem.
The official Gas site is https://neo.org/.
Most recent Gas coverage: "Kraken Lists NEO and GAS, Trading Opens May 8" — read at /en-US/a/kraken-lists-neo-and-gas-trading-opens-may-8.
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