[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  CryptoJournaal [@CryptoJournaal](/creator/twitter/CryptoJournaal) on x 18.5K followers Created: 2025-07-10 07:22:31 UTC #Gas ( $GAS ) - #Explainer 💡 What is Gas ( $GAS )? Gas ( $GAS ) is the utility token of the NEO blockchain ecosystem, also known as the "Chinese Ethereum." NEO is an open-source platform that enables smart contracts, digital assets, and decentralized applications. The protocol was founded in 2014 by Da Hongfei and Erik Zhang. While NEO functions as the governance token, $GAS is the cryptocurrency used to pay transaction fees and operational costs within the network. Just as Ethereum uses gas to pay transaction fees, $GAS is used in the NEO ecosystem to execute smart contracts, process transactions, and enable other network activities. $GAS is automatically earned by holding NEO tokens, making it an attractive option for investors seeking passive income. #CryptoEcosystem ⚙️ How does $GAS work? $GAS is part of NEO's dual token model, alongside the NEO token. While NEO is used for governance and voting rights, $GAS is used for operational purposes: 🔸Transaction Fees: Every transaction on the NEO blockchain requires $GAS as a fee to process the transaction and maintain the network. 🔸Smart Contracts: Developers wishing to execute smart contracts on the NEO blockchain must pay $GAS to deploy and execute the contracts. 🔸Reward for NEO Holders: NEO holders earn passive $GAS based on the amount of NEO they hold and how long they hold it. #BlockchainInnovation 🪙 The Role of $GAS The $GAS token has several functions within the NEO ecosystem: 🔸Transaction Fees: NEO users must use $GAS to pay for transactions on the network, including transferring digital assets and registering new assets. 🔸Network Maintenance Fees: $GAS is used to maintain the network and reward validators who contribute to the security and operation of the NEO network. 🔸Passive Income: NEO holders automatically earn $GAS, providing a way to generate passive income without needing to stake. #Tokenomics 🛠️ Key Features: 🔸Maximum Supply: The maximum supply of $GAS is XXX million tokens. $GAS is generated gradually through NEO blocks. 🔸Generation of $GAS: $GAS is generated every time a new NEO block is created, with a decrease in the number of tokens generated per block over time. 🔸Distribution: $GAS is distributed based on the number of NEO tokens held. NEO holders receive $GAS as a "dividend" for holding their tokens. #BlockchainProgress 📜 History and Development: 🔸Foundation: NEO was launched in 2014 as AntShares, aiming to build a smart economy. The project later changed its name to NEO. 🔸Gas System: $GAS was introduced as a way to pay transaction fees on the NEO blockchain, with a rewards structure based on the holding of NEO. 🔸Neo N3 Upgrade: In 2021, NEO underwent an upgrade to Neo N3, improving network functionalities, including a more efficient $GAS system. #CryptoHistory 💸 Tokenomics 🔸Total Supply: The maximum supply of $GAS is XXX million tokens, with a large portion already in circulation. 🔸Circulating Supply: The circulating supply depends on the $GAS tokens generated daily and distributed to NEO holders. 🔸Emission Rate: The rate at which $GAS is generated decreases as the network ages. After about XX years, the maximum supply will be reached. #MarketAnalysis ✅ Advantages of $GAS: 🔸Passive Income: The automatic earning model of $GAS makes it attractive for long-term investors who wish to hold their NEO tokens without staking. 🔸Low Transaction Fees: NEO offers lower fees compared to other blockchain platforms such as Ethereum, making $GAS attractive to users and developers. 🔸Scalability: With the Neo N3 upgrade, NEO offers improved scalability, which could contribute to the growth of the $GAS ecosystem. #DeFiApplications ⚠️ Disadvantages and Challenges: 🔸Dependence on NEO: The value of $GAS is strongly tied to the adoption and success of NEO. If NEO fails to gain popularity, it could negatively impact the value of $GAS. 🔸Competition: Other blockchain platforms such as Ethereum and Cardano could challenge NEO's position. 🔸Regulation: NEO's relationship with China makes it sensitive to policy changes that could affect the use and value of $GAS. #CryptoChallenges 🛠️ Applications and Adoption: $GAS is used in various applications: 🔸Smart Contracts and dApps: $GAS enables developers to build decentralized applications and execute smart contracts on NEO. 🔸Transactions: Users use $GAS to process transactions and trade digital assets on the NEO network. 🔸Passive Income: NEO holders automatically receive $GAS for holding their tokens. #DeFiAdoption 📊 Price and Market Performance: The price of $GAS is volatile and influenced by the demand for NEO and overall market conditions. $GAS has experienced price spikes and dips, often correlating with the broader cryptocurrency market. As of March 27, 2025, the price is subject to real-time market data and can be checked on platforms like CoinMarketCap or CoinGecko. #MarketVolatility 🔮 Future Prospects: The future of $GAS depends on the success of NEO and the adoption of the Neo N3 upgrade. If NEO succeeds in improving scalability and attracting a wider ecosystem, $GAS as a utility token could benefit from the network's growth. 🔸Scalability: Further developments in blockchain technology could increase demand for $GAS. 🔸Adoption: The level of adoption of NEO by developers and businesses will determine the value of $GAS. #DeFiFuture 🎯 Conclusion: Gas ( $GAS ) plays a key role in the NEO ecosystem by providing an essential means of payment for transactions and smart contracts. It offers unique benefits, such as passive income for NEO holders and lower transaction fees than many other blockchain platforms. Although $GAS depends on the success of NEO, it remains an important cryptocurrency within the blockchain space. #CryptoConclusion 🤝 New Partnership: WEEX Exchange x @CryptoJournaal We’re excited to announce our official partnership with WEEX — and that means massive rewards for YOU! 💥 💰 New users can claim up to $XXXXXX USDT in total bonuses: 🔐 XX USDT → secure your account 📥 Up to XXXXX USDT → deposit to futures wallet + start trading 📊 Up to XXXXXX USDT → futures trading volume rewards 🎯 All rewards stack – up to $30K total! 🟡 Use invite code bwbg to activate your bonus 👉 #Exchange #Rewards #Trading #Futures #Leverage 📚 Useful Resources and Extra Information: Want to dive deeper into the world of #Gas or looking for the latest updates and developments? These links will help you stay informed: 🔹Official Website: 🔹X (Twitter): @Neo_Blockchain #CryptoResources #StayInformed ⚠️ Important Note: 🔹 This post is purely for educational purposes and not financial advice! 🔹 Only invest what you are willing to lose: #Crypto-investments can be volatile, and you may lose part or all of your investment. 🔹 Always do your own research (#DYOR): Conduct thorough research on #crypto-assets, platforms, and wallets before investing. 🔹 Understand the risks of volatility: The value of #cryptocurrencies can change rapidly, so be prepared for price fluctuations. 🔹 Keep your private keys safe: Losing your private keys can result in loss of access to your crypto assets. 🔹 Use trustworthy platforms: Make sure to trade crypto through reliable and regulated exchanges or wallets that meet necessary security standards. #CryptoRules #CryptoSafety #CryptoRisks #Dyor  XXX engagements  **Related Topics** [governance](/topic/governance) [protocol](/topic/protocol) [decentralized](/topic/decentralized) [blockchain](/topic/blockchain) [neo](/topic/neo) [token](/topic/token) [$gas](/topic/$gas) [ethereum](/topic/ethereum) [Post Link](https://x.com/CryptoJournaal/status/1943209202492518713)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
CryptoJournaal @CryptoJournaal on x 18.5K followers
Created: 2025-07-10 07:22:31 UTC
#Gas ( $GAS ) - #Explainer
💡 What is Gas ( $GAS )?
Gas ( $GAS ) is the utility token of the NEO blockchain ecosystem, also known as the "Chinese Ethereum." NEO is an open-source platform that enables smart contracts, digital assets, and decentralized applications.
The protocol was founded in 2014 by Da Hongfei and Erik Zhang. While NEO functions as the governance token, $GAS is the cryptocurrency used to pay transaction fees and operational costs within the network.
Just as Ethereum uses gas to pay transaction fees, $GAS is used in the NEO ecosystem to execute smart contracts, process transactions, and enable other network activities.
$GAS is automatically earned by holding NEO tokens, making it an attractive option for investors seeking passive income.
#CryptoEcosystem
⚙️ How does $GAS work?
$GAS is part of NEO's dual token model, alongside the NEO token. While NEO is used for governance and voting rights, $GAS is used for operational purposes:
🔸Transaction Fees:
Every transaction on the NEO blockchain requires $GAS as a fee to process the transaction and maintain the network.
🔸Smart Contracts:
Developers wishing to execute smart contracts on the NEO blockchain must pay $GAS to deploy and execute the contracts.
🔸Reward for NEO Holders:
NEO holders earn passive $GAS based on the amount of NEO they hold and how long they hold it.
#BlockchainInnovation
🪙 The Role of $GAS
The $GAS token has several functions within the NEO ecosystem:
🔸Transaction Fees:
NEO users must use $GAS to pay for transactions on the network, including transferring digital assets and registering new assets.
🔸Network Maintenance Fees:
$GAS is used to maintain the network and reward validators who contribute to the security and operation of the NEO network.
🔸Passive Income:
NEO holders automatically earn $GAS, providing a way to generate passive income without needing to stake.
#Tokenomics
🛠️ Key Features:
🔸Maximum Supply:
The maximum supply of $GAS is XXX million tokens. $GAS is generated gradually through NEO blocks.
🔸Generation of $GAS:
$GAS is generated every time a new NEO block is created, with a decrease in the number of tokens generated per block over time.
🔸Distribution:
$GAS is distributed based on the number of NEO tokens held. NEO holders receive $GAS as a "dividend" for holding their tokens.
#BlockchainProgress
📜 History and Development:
🔸Foundation:
NEO was launched in 2014 as AntShares, aiming to build a smart economy. The project later changed its name to NEO.
🔸Gas System:
$GAS was introduced as a way to pay transaction fees on the NEO blockchain, with a rewards structure based on the holding of NEO.
🔸Neo N3 Upgrade:
In 2021, NEO underwent an upgrade to Neo N3, improving network functionalities, including a more efficient $GAS system.
#CryptoHistory
💸 Tokenomics
🔸Total Supply:
The maximum supply of $GAS is XXX million tokens, with a large portion already in circulation.
🔸Circulating Supply:
The circulating supply depends on the $GAS tokens generated daily and distributed to NEO holders.
🔸Emission Rate:
The rate at which $GAS is generated decreases as the network ages. After about XX years, the maximum supply will be reached.
#MarketAnalysis
✅ Advantages of $GAS:
🔸Passive Income:
The automatic earning model of $GAS makes it attractive for long-term investors who wish to hold their NEO tokens without staking.
🔸Low Transaction Fees:
NEO offers lower fees compared to other blockchain platforms such as Ethereum, making $GAS attractive to users and developers.
🔸Scalability:
With the Neo N3 upgrade, NEO offers improved scalability, which could contribute to the growth of the $GAS ecosystem.
#DeFiApplications
⚠️ Disadvantages and Challenges:
🔸Dependence on NEO:
The value of $GAS is strongly tied to the adoption and success of NEO. If NEO fails to gain popularity, it could negatively impact the value of $GAS.
🔸Competition:
Other blockchain platforms such as Ethereum and Cardano could challenge NEO's position.
🔸Regulation:
NEO's relationship with China makes it sensitive to policy changes that could affect the use and value of $GAS.
#CryptoChallenges
🛠️ Applications and Adoption:
$GAS is used in various applications:
🔸Smart Contracts and dApps: $GAS enables developers to build decentralized applications and execute smart contracts on NEO.
🔸Transactions:
Users use $GAS to process transactions and trade digital assets on the NEO network.
🔸Passive Income:
NEO holders automatically receive $GAS for holding their tokens.
#DeFiAdoption
📊 Price and Market Performance:
The price of $GAS is volatile and influenced by the demand for NEO and overall market conditions. $GAS has experienced price spikes and dips, often correlating with the broader cryptocurrency market.
As of March 27, 2025, the price is subject to real-time market data and can be checked on platforms like CoinMarketCap or CoinGecko.
#MarketVolatility
🔮 Future Prospects:
The future of $GAS depends on the success of NEO and the adoption of the Neo N3 upgrade. If NEO succeeds in improving scalability and attracting a wider ecosystem, $GAS as a utility token could benefit from the network's growth.
🔸Scalability:
Further developments in blockchain technology could increase demand for $GAS.
🔸Adoption:
The level of adoption of NEO by developers and businesses will determine the value of $GAS.
#DeFiFuture
🎯 Conclusion:
Gas ( $GAS ) plays a key role in the NEO ecosystem by providing an essential means of payment for transactions and smart contracts.
It offers unique benefits, such as passive income for NEO holders and lower transaction fees than many other blockchain platforms.
Although $GAS depends on the success of NEO, it remains an important cryptocurrency within the blockchain space.
#CryptoConclusion
🤝 New Partnership: WEEX Exchange x @CryptoJournaal
We’re excited to announce our official partnership with WEEX — and that means massive rewards for YOU! 💥
💰 New users can claim up to $XXXXXX USDT in total bonuses:
🔐 XX USDT → secure your account
📥 Up to XXXXX USDT → deposit to futures wallet + start trading
📊 Up to XXXXXX USDT → futures trading volume rewards
🎯 All rewards stack – up to $30K total!
🟡 Use invite code bwbg to activate your bonus
👉
#Exchange #Rewards #Trading #Futures #Leverage
📚 Useful Resources and Extra Information:
Want to dive deeper into the world of #Gas or looking for the latest updates and developments?
These links will help you stay informed:
🔹Official Website:
🔹X (Twitter): @Neo_Blockchain
#CryptoResources #StayInformed
⚠️ Important Note:
🔹 This post is purely for educational purposes and not financial advice!
🔹 Only invest what you are willing to lose:
#Crypto-investments can be volatile, and you may lose part or all of your investment.
🔹 Always do your own research (#DYOR):
Conduct thorough research on #crypto-assets, platforms, and wallets before investing.
🔹 Understand the risks of volatility:
The value of #cryptocurrencies can change rapidly, so be prepared for price fluctuations.
🔹 Keep your private keys safe:
Losing your private keys can result in loss of access to your crypto assets.
🔹 Use trustworthy platforms:
Make sure to trade crypto through reliable and regulated exchanges or wallets that meet necessary security standards.
#CryptoRules #CryptoSafety #CryptoRisks #Dyor
XXX engagements
Related Topics governance protocol decentralized blockchain neo token $gas ethereum