NEOGas (GAS)
The Fuel Of The Neo Blockchain.- NEOGas is one of the two tokens of the NEO blockchain. NEOGas tokens are used for the operation and storage of tokens and smart contracts on the Neo blockchain
- However, no gas payments are required for transactions below a certain threshold. To avoid Sybil attacks, the NEO foundation is trying to prioritize transactions by using qualified identities.
- NEOGas is distributed on a pro rata basis by holding NEO in wallets with a capped supply of 100 million. The smallest unit of NEOGas is 0.00000001 GAS.