What is NEO GAS (GAS) Coin and How to Buy It?
/ Discover NEO GAS (GAS) Coin: Learn about this emerging digital asset, its potential, and how to buy it on leading exchanges.
By Nilesh Hembade.
Date: 01 Nov 2023, 12:42 PM IST
Introduction
In the world of cryptocurrency, NEO GAS (GAS) Coin has recently taken the spotlight by storm. With a remarkable surge of over +165% in October 2023, thanks to the NEO New Chapter announcement, this digital asset has piqued the interest of cryptocurrency investors worldwide. Let’s dive into what GAS coin is all about and how you can join the bandwagon by acquiring it.
What is Gas Coin (GAS)?
GAS, often referred to as Gas coin, is the native cryptocurrency of the NEO blockchain platform. NEO is a China-focused blockchain with aspirations to serve as the linchpin of the emerging digital economy. While Bitcoin, as a pioneering example of “Blockchain 1.0,” primarily focused on person-to-person payments, NEO and similar platforms like Ethereum have ushered in the era of “Blockchain 2.0.”
The core innovation behind Blockchain 2.0 platforms is the utilization of smart contracts, self-executing computer-coded contracts that automate various functions. NEO aims to extend the capabilities of blockchain technology beyond mere payments, ushering in new use cases, including:
- Digital assets: NEO enables the transformation of physical assets, like real estate, into easily tradable digital tokens, revolutionizing ownership and trading.
- Secure digital identities: Instead of revealing sensitive identification documents, NEO allows individuals to share verification proofs of their identity, safeguarding personal information from falling into the wrong hands.
- Smart contracts: NEO’s blockchain automates matchmaking and payments, reducing the need for intermediaries, resulting in cost savings for services like ride-sharing apps, such as Uber.
One key distinguishing feature of NEO is its dual-token system. Unlike Ethereum, which relies on Ether (ETH) for gas to pay for network usage, NEO uses two tokens: NEO and GAS.
GAS Coin Overview
Here’s a snapshot of GAS coin’s current status in the market:
- Price: $6.35
- Market Cap: $64 Million
- Total Supply: 17,190,378 GAS
- Max. Supply: 100,000,000 GAS
How to Buy NEO GAS (GAS) Coin?
If you’re enticed by the potential of GAS coin and want to add it to your crypto portfolio, here’s a step-by-step guide on how to acquire it:
- Choose a Reliable Exchange: NEO GAS (GAS) Coin is available on several prominent cryptocurrency exchanges. Some of the popular choices include Binance, Kucoin, and Gate.io. Select an exchange that suits your preferences and offers a seamless trading experience.
- Create an Account: Sign up on your chosen exchange by providing the required personal information and verifying your identity, as per the platform’s guidelines. Completing this step is essential for security and compliance reasons.
- Deposit Funds: To begin trading, you’ll need to deposit funds into your exchange account. Most exchanges support deposits in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or USDT (Tether). Transfer the desired amount to your exchange wallet.
- Place an Order: Once your funds are deposited, navigate to the trading section of the exchange and search for the GAS/USD or GAS/BTC trading pair. Then, decide whether you want to place a market order (buying GAS at the current market price) or a limit order (specifying the price at which you want to buy).
- Secure a Wallet: It’s recommended to store your GAS coins in a secure cryptocurrency wallet. Hardware wallets, software wallets, and mobile wallets are popular choices for safeguarding your digital assets.
- Withdraw to Wallet: After successfully purchasing GAS, transfer the coins to your chosen wallet. This extra layer of security ensures that you have control over your assets and protects them from exchange vulnerabilities.
- Monitor the Market: Stay informed about market developments and follow GAS coin’s performance. Cryptocurrency markets can be volatile, so having a well-thought-out trading strategy is crucial for long-term success.
Conclusion
NEO GAS (GAS) Coin represents the exciting shift toward Blockchain 2.0, offering new possibilities beyond traditional cryptocurrencies. As with any investment, thorough research and diligence are essential. By following the steps mentioned above, you can become a part of the growing community of GAS coin enthusiasts and potentially benefit from the ongoing developments in the NEO ecosystem. Remember that the cryptocurrency market can be volatile, so always invest wisely and within your means. Happy trading!
Disclaimer:
Consult your financial advisor before making any decisions because Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. No information on this website is intended to be a solicitation or an offer.