Gas

gas

Gas (GAS) is the essential utility cryptocurrency within the Neo blockchain ecosystem, a leading infrastructure for the Smart Economy. As part of Neo's unique dual-token model, GAS fuels network operations, distinguishing itself by separating utility from governance. This digital asset is primarily used to pay for network fees, smart contract deployments, and decentralized application (dApp) purchases across the Neo smart contract platform. A core component of the NEO Ecosystem, GAS tokens are generated with each block and distributed to NEO token holders, with increased rewards for active participation in the network's on-chain governance. This incentivizes a decentralized and sustainable economic model, where system fees paid in GAS are burned, while network fees are redistributed to consensus nodes. This structure provides a robust and dynamic foundation for Web3 development, offering developers a cost-effective and feature-rich environment for building advanced smart contracts and dApps on the Neo blockchain.

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InfrastructureSmart Contract PlatformNEO Ecosystem

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