The digital asset landscape continues to evolve, and GAS (Gascoin) remains a pivotal player within the Neo blockchain ecosystem. As a utility token designed to power network operations, GAS plays a critical role in maintaining efficiency, security, and decentralization. This comprehensive guide delivers real-time data, in-depth insights into the Neo network’s architecture, and actionable information for investors and developers alike.
Current GAS Market Overview
GAS is currently trading at $2.8440**, reflecting a **-1.22%** change since 00:00 (UTC+8). With a live **market cap of $185 million, GAS ranks #80 among global cryptocurrencies. The circulating supply stands at 65,093,581 GAS, which represents 100% of its maximum supply.
👉 Discover how GAS powers one of the most innovative smart contract platforms on the market today.
Key Metrics at a Glance:
- Current Price: $2.8440
- 24-Hour Trading Volume: $5.39 million (USDT)
- All-Time High: $150.00 (January 16, 2018) — down 98.11% from peak
- All-Time Low: $0.55000 (March 13, 2020) — up 417.09% since bottom
- Consensus Mechanism: Delegated Byzantine Fault Tolerance (dBFT)
- Token Type: Utility & Governance (Neo Blockchain)
What Is GAS? Understanding the Neo Ecosystem
GAS is the fuel token of the Neo blockchain, a platform often referred to as the “Chinese Ethereum” due to its early focus on smart contracts and digital asset creation. Unlike traditional proof-of-work blockchains, Neo uses an energy-efficient consensus model, making GAS both functional and environmentally considerate.
Core Functions of GAS:
- Pays for transaction fees
- Covers costs of smart contract execution
- Funds asset registration and network resource usage
- Rewards participants in the consensus mechanism
All GAS tokens are generated through a decay algorithm over 22 years post-whitepaper release, aligning with the distribution of NEO tokens. Holders of NEO automatically earn GAS over time, creating passive income opportunities.
Official Resources:
How Does the Neo Blockchain Work?
At the heart of GAS lies the Neo blockchain, which operates using a dual-token system: NEO and GAS.
Dual-Token Model Explained:
| Token | Role | Supply |
|---|---|---|
| NEO | Governance & Voting | Fixed at 100 million, indivisible |
| GAS | Network Fuel & Fees | Gradually released; fees are burned |
This separation ensures that governance remains stable while utility token economics adapt dynamically to network demand.
Consensus Mechanism: dBFT (Delegated Byzantine Fault Tolerance)
Neo’s dBFT mechanism offers fast finality, high throughput, and low energy consumption compared to proof-of-work systems.
Key Components:
- Candidates: Users register to become committee members. NEO holders vote based on their stake.
- Committee: Top 21 candidates form the governing body. The top 7 also act as consensus nodes.
- Block Validation: Consensus nodes propose and validate blocks every 21 blocks, ensuring decentralization and security.
This system supports rapid transaction processing and resists common attack vectors like double-spending.
Reward Mechanism and Fee Structure
The Neo network incentivizes participation through a transparent reward distribution model.
Where Do Rewards Come From?
Each new block generates 5 GAS, distributed as follows:
- 80% to Voters: Encourages active participation in node elections
- 10% to NEO Holders: Passive income based on holding duration
- 10% to Committee & Consensus Nodes: Compensation for network maintenance
Rewards are recalculated every epoch (21 blocks), promoting fairness and ongoing engagement.
Fee Burning and Supply Control
All transaction fees paid in GAS are permanently burned, reducing circulating supply over time. This deflationary pressure can contribute to long-term value appreciation if demand remains steady or increases.
ESG & Sustainability: The Green Side of GAS
As environmental concerns grow around digital assets, Neo stands out with its low-energy consensus model.
Energy Consumption Overview
Unlike Bitcoin or Ethereum (pre-Merge), Neo does not rely on energy-intensive mining. Instead:
- Energy use comes from node operations and data transmission
- Estimates are derived using Functionally Fungible Group Digital Token Identifier (FFG DTI)
- Assumptions favor conservative (higher) impact estimates for transparency
This approach aligns with emerging ESG (Environmental, Social, and Governance) standards in the crypto space, enhancing regulatory compliance and investor confidence.
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USD to GAS Converter & Trading Information
You can easily convert USD to GAS using live exchange rates:
💵 Enter Amount in USD → 🪙 Get Equivalent in GAS
Current Rate: 1 GAS = $2.8440
For accurate conversions and portfolio tracking, use trusted platforms that update prices in real time.
Frequently Asked Questions (FAQ)
Q: Can I buy GAS with USDT?
Yes. Major exchanges like OKX support the GAS/USDT trading pair, allowing seamless purchases using stablecoins.
Q: Is GAS a good investment?
Like all cryptocurrencies, GAS carries risk due to market volatility. However, its role in the Neo ecosystem, combined with deflationary mechanics and real-world utility, makes it a compelling option for those bullish on enterprise-grade blockchain solutions.
Q: How do I earn GAS?
By holding NEO tokens, you automatically accumulate GAS over time. No additional action is required — rewards are distributed based on your wallet balance and holding period.
Q: What makes Neo different from other blockchains?
Neo emphasizes regulatory compliance, digital identity integration, and support for multiple programming languages (e.g., C#, Java). Its dBFT consensus offers faster transactions and lower fees than many competitors.
Q: Is GAS inflationary or deflationary?
GAS has a capped generation schedule but becomes deflationary in practice because transaction fees are burned. If burn rates exceed new issuance, net supply decreases.
Q: Where can I store GAS securely?
Use wallets compatible with the Neo blockchain, such as:
- Neon Wallet (official)
- Ledger (via third-party apps)
- Trust Wallet (mobile)
Always ensure you control your private keys.
Final Thoughts: Why GAS Matters in 2025
While GAS peaked during the 2018 bull run, its current valuation reflects a mature, functional ecosystem focused on long-term growth rather than speculation. With growing interest in compliant, scalable blockchains, Neo and its native token GAS are well-positioned for renewed attention.
Developers seeking enterprise-friendly environments and investors looking for utility-driven assets should keep a close eye on Neo’s roadmap — including upgrades to Neo N3 and expanded DeFi integrations.
👉 Stay ahead of the curve — access live GAS charts, price alerts, and advanced trading tools today.
Whether you're exploring blockchain fundamentals or building the next decentralized application, understanding GAS price dynamics, network incentives, and ecosystem design is essential. Stay informed, stay secure, and trade wisely.