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View ChartGas (GAS) is the utility token of the NEO blockchain, serving as the fuel for network operations and smart contract execution.
Key takeaways
Gas (GAS) is the operational fuel token for the NEO smart contract platform, distinct from its governance counterpart, NEO.
| Item | Details |
|---|---|
| Name (Ticker) | Gas (GAS) |
| Alternative Names | NeoGas |
| Consensus Mechanism | Delegated Byzantine Fault Tolerance (dBFT) |
| Smart Contracts | Native support on the Neo N3 blockchain |
| Category | Utility Token, Platform Token |
| Hash Algorithm | SHA-256 |
| Block Reward | Generated through NEO holding; no traditional mining block reward |
| Max Supply | No hard cap; total supply increases over time as GAS is generated from held NEO |
| TPS | Dependent on the underlying NEO network's capabilities |
| Scaling Solution | Native to the Neo N3 blockchain architecture |
| Blockchain | Neo |
GAS was created by the same team behind the NEO blockchain, originally known as Antshares. NEO was founded in 2014 by Da Hongfei and Erik Zhang. The project aimed to build a smart economy by digitizing assets and automating their management through smart contracts. The dual-token model, featuring NEO for governance and GAS for utility, was a core design principle from the start. The NEO blockchain officially launched its mainnet in 2016, with GAS generation becoming active for NEO holders. The development and ongoing evolution of the protocol are now managed by the NEO community and the NEO Foundation, which guides the ecosystem's research and development.
GAS operates within NEO's unique two-token system. NEO represents ownership and voting rights in the network, while GAS is the resource used to power it. GAS is not pre-mined or issued all at once. Instead, it is generated continuously and distributed to NEO token holders. When users hold NEO in a compatible wallet, they passively generate GAS over time. This mechanism incentivizes long-term holding and network participation. When a user wants to perform any action on the NEO blockchain—such as sending tokens, deploying a smart contract, or invoking a contract function—they must pay a fee denominated in GAS. These fees are then redistributed to consensus nodes that maintain and secure the network, completing the economic cycle.
GAS's primary value proposition is tied directly to the usage and success of the NEO smart contract platform.
GAS has one core, indispensable function within the NEO ecosystem: paying for network resources. Its uses include:
The GAS ecosystem evolves in lockstep with the NEO blockchain. The major upgrade to Neo N3 significantly enhanced the network's performance, governance, and economic model, directly impacting GAS. Key developments include:
GAS is not mined through computational work like Bitcoin. It is generated through a process called GAS generation. The only way to "generate" new GAS is to hold NEO tokens in a wallet that supports GAS claims, such as the official NeoLine wallet or Neon Wallet. The generation rate is algorithmically determined and distributed to NEO holders proportionally to their stake. There is no active mining; it is a passive, staking-like reward mechanism for supporting the network by holding its governance token.
Securing your GAS involves securing the wallet where it is stored.
GAS is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC for higher liquidity and better customer support.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
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GASUSDTIndustry-low fees, supports up to 50x leverage. Go long or short flexibly to capture intraday market movements.
TradeAs of right now, the live price of Gas (GAS) is $0.945383. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated GAS to USD rate at the top of BTCC’s price page. In terms of market scope, Gas records a 24h trading volume of _24h.931198M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $59.643592M. Its current circulating supply stands at 64.99M out of a maximum supply cap of ∞.
The price volatility of Gas (GAS) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (64.99M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Gas (GAS) hit an all-time high (ATH) of $97.492996 on 2018-01-15 20:20, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.599114 on 2020-03-13 02:30. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading GAS futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (_24h.931198M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s GASUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Gas, simply log into your BTCC account with USDT margin available, navigate to the GASUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for GASUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.945383), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for GASUSDT with zero financial risk.
Trading Gas (GAS) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for GASUSDT, and review its live price ($0.945383) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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