NEO is a Chinese based dBFT (delegated Byzantine Fault Tolerance) protocol. Backed by Chinese fintech giant OnChain and sister project to Ontology (retail arm)
GAS is paid to NEO holders to Stake the NEO token and keep the NEO network running. In order to run DAPPS on NEO you're consuming its processing resources which need to be paid in GAS. The more the NEO Smart Economy is used the more valuable NEO and GAS become.
BUT: Gas is extremely scarce: Only 10mil in circulation with a total supply of only 16million.
When more ICOs are launched on the blockchain and NEOs use increased the value of GAS will skyrocket. I suspect (based on market capitalization) that the market will only realize the significance of GAS when its become valuable. Now is the time to accumulate.
Three of my favorites still coming
3-ETP Metaverse: Next 10000% ROI? Highest reward/risk ratio of any digital asset available. Chinese based startup by co founder of NEO. Backed by Viewfin ( Eric 2.09% 2.09% Gu is CEO 3.70% 3.18% of both). Currently unknown, small market cap, small supply. Cheapest ETP 4.34% 2.26% has ever been.
4- ZCash: Zerocash system (improved version of zerocoin protocol). Backed by wall street, within direct access to public and institutional investors.
5-PIVX Improved DASH with Zerocoin Protocol and POS 0.00% 0.00% . So many interesting developments on the way. These guys are on fire.
GAS is paid to NEO holders to Stake the NEO token and keep the NEO network running. In order to run DAPPS on NEO you're consuming its processing resources which need to be paid in GAS. The more the NEO Smart Economy is used the more valuable NEO and GAS become.
BUT: Gas is extremely scarce: Only 10mil in circulation with a total supply of only 16million.
When more ICOs are launched on the blockchain and NEOs use increased the value of GAS will skyrocket. I suspect (based on market capitalization) that the market will only realize the significance of GAS when its become valuable. Now is the time to accumulate.
Three of my favorites still coming
3-ETP Metaverse: Next 10000% ROI? Highest reward/risk ratio of any digital asset available. Chinese based startup by co founder of NEO. Backed by Viewfin ( Eric 2.09% 2.09% Gu is CEO 3.70% 3.18% of both). Currently unknown, small market cap, small supply. Cheapest ETP 4.34% 2.26% has ever been.
4- ZCash: Zerocash system (improved version of zerocoin protocol). Backed by wall street, within direct access to public and institutional investors.
5-PIVX Improved DASH with Zerocoin Protocol and POS 0.00% 0.00% . So many interesting developments on the way. These guys are on fire.