Real-time gas price analysis
The current real-time gas price is $6.33and its trading volume is equal to US$9,953,578 in the last 24 hours. The price of gas has grew by
1.42%
on the last day and decreased by
1.37%
in the last 7 days. It is important to note that the current capitalization of the gas market is US$422,501,734Speaking about circulating supplies, GAZ has 66 796 762 coins. Currently the gas market rating is #148.
Gas price today
93.51%
below
always on top and that’s it
1190.42%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling GAS are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is gas (GAS)?
GAS is the native token of the Neo blockchain. It is part of the network’s dual token system, along with NEO token, and essentially it is used for cover network and system fees. Take a look at the gas price chart above if you want to see the current price of gas.
Before moving on to a more detailed description of GAZ, it is important to define what is the Neo blockchain. Simply put, it’s very similar to Ethereum blockchain because its main goal is development decentralized applications (dApps). However, it is more scalable and offers a simple smart contract development system that implements popular programming languages. For these reasons Neo is often called “Ethereum Killer”
Coming back to GAS tokens, they are used for cover the operation and storage of tokens and smart contracts. Network fees are distributed among Neo consensus nodes, and system fees are burned. For this reason, GAS tokens can be compared to gas on Ethereum.
However, the way to acquire GAS coins is completely unique because you can get them by simply holding NEO tokens in your wallet.. The one-click GAS request feature is present in most Neo wallets.
Speaking about the GAZ generation, With each block, 5 new tokens are generated. Of these 5 tokens, 80% goes to the voters, and the remaining 20% is divided equally between all NEO holders and the Neo Council. So, if you want to purchase more GAS tokens, you need to participate in Neo blockchain management processes.
Tokenomics of GAZ
Since GAS tokens are generated with each new block on the Neo blockchain, they were not pre-mined. However, the maximum supply of GAS tokens is 100 million. This means that once the circulating supply of GAS reaches the maximum supply, no new tokens will be issued. It is expected that this amount will be reached in 2040.
Although, in addition to receiving GAZ by owning NEO, you can also purchase it on various crypto exchanges. However, before you do, note that gas prices tend to fluctuate. Therefore, it would be useful to analyze the gas price chart above to see the main trends in gas prices.
What is the gas trading volume in the last 24 hours?
GAS has trading volume US$9,953,578 in the last 24 hours.
What is the highest gas price ever?
GAS has the highest price $97.49which was achieved at January 15, 2018 (6 years 1 month ago).
What is the lowest gas price?
GAS has the lowest price US$0.4902which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling GAS?
Currently, the most active and dominant exchanges for buying and selling gas are Binance, Kraken & Kucoin. The most popular Gas trading pairs GAZ/KRW
(on
Upbit
),
GAZ/BTC
(on
Binance
),
GAZ/USDT
(on
ProBit Global
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing GAS?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Gas. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
