There are few crypto projects more exciting than NEO (the so-called “Ethereum of China”). NEO is making huge advances into the smart contract and dapp spaces, with footprints in other sectors within cryptocurrency. If improvements continue being made on this blockchain, it will surely be one of the top 2 or 3 cryptocurrencies in the next couple of years.NEO runs on GAS, a coin that pays for transaction costs of the blockchain. GAS is given incrementally to NEO holders, but it’s also sold on various exchanges like Binance.
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There are plenty of other exchanges that sell GAS, especially when considering those who make ownership based investment possible. Here are a couple of the best options.
The NEON wallet may be the best way to store GAS. NEON is developed and maintained by the City of Zion – a team of amateur engineers who has proved to be more than capable. They volunteer for the NEO blockchain and have developed some of its best assets. The NEON wallet is free and stores both NEO and GAS, as well as new NEO coins.
It goes without saying at this point that GAS is an exciting investment option with a lot of potential upside. Its integration into the NEO ecosystem of blockchain, dapps, and enterprise gives it immediate use cases. Its utility will only become greater as time goes on and the NEO network expands. Whether you buy GAS directly with Coinbull or Binance, or get it through ownership of NEO, you are very likely to be pleased with your GAS investment.
NEO is giving off GAS pretty quickly these days. If you had, say, 500 NEO, you'd get around 5 or 6 GAS for free every month. Of course, most people aren't just going to buy up 500 NEO in one go. But even with more modest volumes, GAS will eventually accumulate into an explosive holding.
Many people don't understand why a blockchain needs two coins. Why not have one coin serve all functions, like Ethereum does with Ether? There are some important differences in the coins. Most notably, NEO is indivisible (for now). It can only be transferred in integer values (1, 2, 3 - no 4.284). Gas is divisible to 8 decimal places, like Bitcoin. NEO has always been the "elite" coin, so to speak, as it confers voting rights and new GAS when it's introduced into the system. There has been discussion of making NEO divisible just like GAS, in which case who knows how their purposes would change. The community has largely fought against this development, so it'll be interesting to see which way the NEO team goes.
GAS sounds cool, but if you're not from China, why bother? Well, blockchains are international, and NEO is one of the best of them. The Chinese government has allowed NEO to blossom with little negative restriction. NEO also has corrected some of the problems with Ethereum and other older smart contract platforms. Thinking of NEO as a Chinese coin is to kind of miss the point. Its ambitions are global.