What is GAS? How to get Neogas with Neo?

What is GAS? How to get Neogas with Neo?


How to get Neogas from Neo? 


First, what is Neogas, but before that you have to know what is Neo? Neo is a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts. Neo is often called "China's Ethereum".


So what is NEO GAS?

Neogas is a cryptocurrency which is distributed by holding neo in your wallet. GAS is used to fuel transactions on the NEO blockchain. With each NEO block getting generated, GAS will be distributed to all NEO holders. Neogas is used to pay for all the service fees on the blockchain, like creating and launching of smart contracts. Where every new block being generated, it will distribute 8 GAS for all 100 million deal. These 8 GAS will then get divided and sent out to the Neo holder.


Now here's how to earn NEO GAS:

To Earn NEO GAS, you should get the NEO off the exchange and manage it on the blockchain with a PC wallet like Neon. You start generating gas as soon as the NEO is not on the exchange anymore.


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