Gas Coin (GAS) is a cryptocurrency unique to the NEO blockchain network. This particular cryptocurrency is used for transaction fees within the network. In fact, gas is also used for transaction fees in the Ethereum network, and it can be said that this cryptocurrency derives its name from there. NEO, known as China’s Ethereum, further strengthens this probability. In the Ethereum network, there are many cryptocurrencies similar to Gas Coin, which are also used only for transaction fees.
Thanks to Gas Coin, all transactions on the NEO network can be performed quickly. Users can select different amounts of GAS for the transaction they are going to perform, thus ensuring that their transactions are faster than other users. GAS, constantly used by NEO investors, thus achieves sustainability and reaches a basic economic model.
What is GAS (GAS)?
GAS, like NEO, is a cryptocurrency, but it is known to be a token in the NEO network and can only be used for transactions on this network. Initially used only for transaction fees in the NEO network, Gas Coin, like the gas-focused cryptocurrencies in the Ethereum network, has been listed on several cryptocurrency exchanges and thereby reached different uses. Users can open leveraged transactions focused on GAS or make spot purchases. However, it should not be forgotten that the success of Gas Coin is entirely dependent on the NEO network.
The price of Gas Coin broke its all-time record on January 15, 2018, reaching up to $1.54. Despite reaching a volume of millions of dollars in terms of trade volume, Gas Coin is still well behind its all-time price record. This is directly linked to the developments experienced in the NEO network. When significant developments occur in the Ethereum network, the increase in transaction fees increases the demand for tokens similar to Gas. The stagnation of the NEO network for a while is a disadvantage for Gas Coin.
Where to Buy GAS Coin?
To purchase Gas Coin, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, can be used. Binance is arguably the most liquid and secure exchange for the hundreds of cryptocurrencies it lists. The significant price increase of Gas Coin following its Binance listing actually indicates this. Being listed on Binance, accessible to more users, means significant volume for many cryptocurrencies.
To purchase Gas Coin through Binance, you need to have a certain fiat/crypto balance in the exchange, or you need to add a balance to it. Preferably send Tether (USDT) to Binance, then select the “Buy-Sell” option in the upper left corner.
In the opened section, type GAS in the search button and proceed through the GAS/USDT trading pair. Following this, enter the amount you want and successfully complete your GAS purchase.
