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Author Topic: Neo and Gas  (Read 211 times)
cat0ne0
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March 24, 2018, 10:48:47 AM
 #21

NEO and GAS are great assets.
In the future, we might see a flippening in NEO to GAS ratio, because of the scarcity of GAS.
Babayan
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March 24, 2018, 10:52:55 AM
 #22

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?
Yes you can sell it, but you should leave some gas for neo transactions as a comision. It is something like a gas in ethereum blockchain.

I AM ALIVE AND AMPLIFIED
OrangeSeller
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March 24, 2018, 11:31:28 AM
 #23

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.
Great! But 1000 NEO is the big money! So It is difficult to get 1000 NEO at this time
Yeah indeed, currently its hard to hold 1000 NEO as the price of NEO has been increased considerable over past few months. It would have been good time to accumulate 1000 NEO in 2017 during march, when the price of one NEO coin was around 0.1 dollars.

I still think that NEO is not even close to its ultimate potential yet. There is still a long way to go. I personally think that by the end of this year 2018 NEO will be 500+$ and is likely to grow up to top 5 coins in coin market cap.
housebtc
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March 24, 2018, 11:56:05 AM
 #24

Gas value is growing, so if not for anything for the monetary value, I keep holding NEO for Gas in my account. Though it is still unclear the future of   most tokens in the space since their usecase is still full of question marks but for now I am good with the value attached to them
efey39
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March 24, 2018, 11:58:43 AM
 #25

crypto is the popular two coin of the money market Neo and Gas. their future looks good in both. but I prefer neo because I like projects more
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