Neo and Gas - page 2. | Bitcointalksearch.org

stetym

jr. member

Activity: 196

Merit: 5

Quote from: TUMAS on March 21, 2018, 07:57:29 AM

Hello all,

Yesterday I moved my Neo to the NEO wallet. Upon transfering Neo i realised that on the left side I had the equvalent of NEO in Fiat and then on the right GAS. I know what the concept of gas, is but is there need to keep collecting it? Is it worth saving all the Gas you can? or can you sell it off?

Of course, you need to save it and not spend! if the neo grows, then the price for gas will also increase! Neo now has great prospects! so keep your gas better! since it is a particle of neo it's quite a nice prospect!

ThatICOguy

member

Activity: 224

Merit: 10

The Coin Radar

If your storing NEO for the long term I recommend using a Nano Ledger with the official Neon wallet.

TUMAS

jr. member

Activity: 266

Merit: 2

Thanks for the update!

So the more you collect the better

in case you want to sell Gas for neo how is it done?

Gab20

jr. member

Activity: 714

Merit: 3

Gas was a kind of dividend paid out to the NEO holders. Gas is used as fees for the transaction for NEO and ETH. The holders of NEO got a certain amount of gas only for holding the NEO. GAS is an asset paring with NEO.
So if you were to hold 1000 NEO, you'd earn 0.3411 GAS per day. That makes 2.3880 GAS per week, 10.6 GAS per month and 124.5 GAS per year. Accumulating to 6.22% of the dividend. Current price of GAS is $10.69. So in a year, you would earn $1,295.9 in a year for holding 1000 NEO. Higher the holding, the better it get. GAS also has a limited supply of 100,000,000 GAS and the current circulating supply of 8,335,784 GAS. Till day, there are 10,800,672 GAS created. And it's market cap is $88,706,630.
You can then decide to accumulate much of the gas for some months or a year and i believe before the end of a year, it value would have increased again. This is more or less like staking. Stake your Neo, to get more Gas.

TUMAS

jr. member

Activity: 266

Merit: 2

Hello all,

Yesterday I moved my Neo to the NEO wallet. Upon transfering Neo i realised that on the left side I had the equvalent of NEO in Fiat and then on the right GAS. I know what the concept of gas, is but is there need to keep collecting it? Is it worth saving all the Gas you can? or can you sell it off?

Topic: Neo and Gas - page 2. (Read 213 times)