Neo staking

[_act_]

I do not invest on altcoins, I prefer bitcoin, but as the market is very red now, I decided to gamble with some altcoins. Yesterday, I bought Neo with $200 which I can afford to lose, but believing the coin can grow and I will gain. That does not mean this bear market will not continue for now, which means it is gambling.

I did not just choose the coin, I read that if you hold Neo on noncustodial wallet, that you will earn gas. I have my private key, used Atomic wallet for it because I see no open source alternative. But since yesterday, I did not earn any gas. All I read that is required is to hold Neo on noncustodial wallet, but the Neo is not increasing.

[blockman]

Have you seen this article for that matter? There's the part of it telling how you can check your gas earnings.
(https://support.atomicwallet.io/article/237-neo-migration)

You will constantly be earning GAS by holding your NEO. Go to the Staking tab and select NEO to see how much GAS you can claim. To see your claimed GAS balance, go to the Wallet tab and search for GAS.

If so, is it already 24 hours that have passed when you've staked your NEO?

[Bitstar_coin]

Perhaps there is a time frame before you can start earning gas, i know about this back in the days but i have no idea it is still going. I could remember back in 2017 Neo was a big project with huge hype, i see how things have changed a lot.
But you wont get much Gas from your $200 worth of Neo, base on the Neo & Gas calculator on their official website roughly around 0.03 per month which in usd value is $0.19 at current price.

[_act_]

If so, is it already 24 hours that have passed when you've staked your NEO?

Thanks. Just like 16 hours ago, not up to 24 hours yet. Is it 24 hours I will get each? If it tak that long, I can wait, I won't bother about it, I just want to know if I am doing it correctly or not.

But you wont get much Gas from your $200 worth of Neo, base on the Neo & Gas calculator on their official website roughly around 0.03 per month which in usd value is $0.19 at current price.

Thanks for the reply, where can I get the calculator so that I can do the calculation directly myself?

[Strongkored]

but the Neo is not increasing.

You will not get NEO coin, so your NEO coins will remain in number but the result of staking is a coin called GAS and this is also available on many major exchanges like Binance.

Didn't know that staking on the NEO coin was still going on because it had existed since the beginning of their emergence and the name was not NEO but Antshare and they rebranded it with a new name, NEO.
This coin was predicted to have a big influence on the cryptocurrency world but they still haven't can beat the popularity of ETH and BNB, and this is one of the coins that has not yet touched its highest price in 2018, can't imagine how many have lost on this coin

[blockman]

If so, is it already 24 hours that have passed when you've staked your NEO?

Thanks. Just like 16 hours ago, not up to 24 hours yet. Is it 24 hours I will get each? If it tak that long, I can wait, I won't bother about it, I just want to know if I am doing it correctly or not.

That's just my thought that it would be needing to have a full cycle of 24 hours before there will be a credit to you for gas. Wait for it and let's see if that's really the case for you.
But if 24 hours have passed and there's still no crediting for your gas as you've staked NEO on the atomic wallet, you can always contact them as they've got support for their customers. And, no, you won't be getting each but only gas.
You stake neo = you get gas only, not gas and neo.

[nimogsm]

Thanks for the reply, where can I get the calculator so that I can do the calculation directly myself?

I was surprised by the topic, I didn't know that anyone else was interested in it,it was relevant a few years ago and many popular exchanges used to support this program,Binance currently makes payments once a month, if I'm not mistaken..Here is the link to the calculator: https://neotogas.com/
I wish you good luck in your experiment

[AmoreJaz]

Thanks for the reply, where can I get the calculator so that I can do the calculation directly myself?

I was surprised by the topic, I didn't know that anyone else was interested in it,it was relevant a few years ago and many popular exchanges used to support this program,Binance currently makes payments once a month, if I'm not mistaken..Here is the link to the calculator: https://neotogas.com/
I wish you good luck in your experiment

maybe there are still people who believe that they are staking a valuable project. if he has done his job of searching and studying, then he may be seeing something that we haven't consider of. but yes, good luck to the OP, hopefully at least get his initial investments after this venture. because most of the time, the coin keeps on decreasing its value if there are no strong developments taking place. so your initial investments mostly goes to zero if not discarded before it totally collapses.

[Wahyuihib]

This seems to be a good alternative when the market is sluggish.  Because only by having Neo, we will get gas.  Isn't it that the bigger the ownership of Neo we have, the bigger the amount of gas we will get?

[Strongkored]

This seems to be a good alternative when the market is sluggish.  Because only by having Neo, we will get gas.  Isn't it that the bigger the ownership of Neo we have, the bigger the amount of gas we will get?

It will always work that way, the more NEO Coins you stake the more GAS Coins you will get, currently at a price of $6.75 the Op will be able to have about 30 NEOs with the amount of money he wants to use to buy the coins which is $200, and in a month he will get about 1 GAS Coin or $ 2 worth you can use the calculator on the neo website https://neo.org/, so he only get about 1% profit from the investment value not high even too low, maybe he will get additional profit if NEO coin increases in price when the market improves and enters a bullish period, but don't think that it will reach newest ATH  and that's the risk in altcoins there are many coins that can no longer reach the latest ATH.

[_act_]

It is over a day now and I have not see ln any gas. I am not bothered about it as the reward is not that much, but just want to know how it works and to be certain that it is truly still happening that people have nee and still get the reward. I will make my next comment when I see the reward on my wallet. Thank you all.

This coin was predicted to have a big influence on the cryptocurrency world but they still haven't can beat the popularity of ETH and BNB, and this is one of the coins that has not yet touched its highest price in 2018, can't imagine how many have lost on this coin

Ethereum and Binance coin are good too, they are stronger and have higher marketcap. In addition, they are also less volatile but still very volatile though. It is good to diversify. If I should not diversify, I will still only prefer to go for only bitcoin which is far less volatile and have the strongest blockchain.

[coinerer]

I do not invest on altcoins, I prefer bitcoin, but as the market is very red now, I decided to gamble with some altcoins. Yesterday, I bought Neo with $200 which I can afford to lose, but believing the coin can grow and I will gain. That does not mean this bear market will not continue for now, which means it is gambling.

If you can afford your losses then you can definitely invest in NEO and also look at other potential altcoins. Investing in cryptocurrency is not like gambling.  It is a kind of business . You cannot match gambling with cryptocurrency

I did not just choose the coin, I read that if you hold Neo on noncustodial wallet, that you will earn gas. I have my private key, used Atomic wallet for it because I see no open source alternative. But since yesterday, I did not earn any gas. All I read that is required is to hold Neo on noncustodial wallet, but the Neo is not increasing.

They have a function added to the contract address of their coins so that if you buy a few of them you get staking rewards.  Many more such coins are happening with it constantly.  This is a new strategy of their marketing.  With which they are attracting users. But there is no fear that they can scam you through staking.  Because you have a private key, you own that coin

[bakasabo]

NEO is such a rare altcoin on bitcointalk now, that I was amazed to see someone still remember it. I am surprised someone still buy NEO to get GAS distribution, and find it more profitable than buying other altcoin and stake them. I remember holding or staking NEO was useful or profitable only one, back in 2018, when holders received ONT (Ontology). It was profitable only because there were no staking at all. Now, ONT is already distributed, GAS does not cost much and users dont get much of it, NEO isnt most popular blockchain, some exchanges even suspended GAS distribution. Then I wonder why someone still buy NEO for ?

[blockman]

It is over a day now and I have not see ln any gas. I am not bothered about it as the reward is not that much, but just want to know how it works and to be certain that it is truly still happening that people have nee and still get the reward. I will make my next comment when I see the reward on my wallet. Thank you all.

Staking isn't really that much if you're looking at it as the daily increase and gain that you make. That's why APRs/APYs are calculated for you to have an idea of how much your gain will be within a year. But, aside from that, you're also looking to have that volatility of the market so it's not that fixed value that you'll be getting at the end of the year. It will still be based on how much it will be in the present time as per calculations. If it's still not yet appearing, contact the support.

[_act_]

Thank you all that replied on this thread, I careful read what you all posted here. I have bought Neo some hours before I posted my first post here which was four days ago, I checked and rechecked my wallet and I saw no Gas as reward, this could be true in the past, but I do not think it is true anymore, no reward for holding Neo anymore is what I could say.

About Neo, it dump very well during bear market, and increase very well during bull market, that is the reason I thought I should go for it and I believe I did not make a mistake. But actually I saw it as gambling when I wanted to buy it, especially if bitcoin decreases a little, it would be hard on altcoins that their marketcap is becoming very small, but I hope bitcoin price will not further continue to be in the bear direction.

[uneng]

The earning feature is an incentive by developers to raise the coin's adoption among crypto enthusiasts, but that is not what happens for real in most cases, since this specific feature isn't enough to push adoption upside, because there are many other alternatives offering the same benefits on the market. After all, the currency's price doesn't grow as expected.

Thankfully you knew you were gambling and just invested money you can afford to lose. Next time, if you want a more guaranteed investment, go for a solid top altcoin, or even better, hold bitcoin.

[kelonmusk]

There is no minimum amount for gas generation. The only requirement is to hold NEON on a non-custodial wallet such as Atomic Wallet, which provides users with an opportunity to generate GAS without any limitations and risks.

I think, you can receive it if you have some NEON in your wallet. It is not necessary that the funds should be constantly in your wallet. The coins will stay in your wallet until the moment when you make a transaction or exchange them for another currency.

If you has NEON and doesn't plan to use them soon, the best way to secure them is by sending them to another wallet with a different private key.