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What is the issuance price and issuance volume of Gas coins?
The NEO crowdsale in 2017 issued GAS coins at a price of $0.00033 per GAS with a total issuance volume of 100 million coins.
Nov 17, 2024 at 01:48 pm
What is the Issuance Price and Issuance Volume of GAS Coins?
Introduction
GAS coins are the native cryptocurrency of the NEO blockchain, a decentralized blockchain platform for building and deploying smart contracts and decentralized applications. GAS is used to pay for transaction fees, network maintenance, and the development of the NEO ecosystem.
Issuance Price
- The issuance price of GAS coins was $0.00033 per GAS during the NEO crowdsale in 2017.
Issuance Volume
- The total issuance volume of GAS coins is 100 million.
Unlocking Schedule
- The total issuance volume is unlocked over an eight-year period, with 11.5 million GAS released each day.
- The unlocking period began on October 16, 2017, with an initial delay of 20 weeks.
- The final GAS coins will be unlocked in 2025.
Distribution
The initial distribution of GAS coins was as follows:
- 50% to NEO holders (based on NEO snapshots taken in March 2017)
- 15% to early investors
- 15% to the NEO platform team
- 10% to ecosystem development
- 5% to business partners and advisors
- 5% to marketing and operations
Current Market Price
- As of January 1, 2023, the market price of GAS coins is approximately $4.50.
Additional Notes
GAS coins are used to pay for the following:
- Transaction fees on the NEO blockchain
- Smart contract execution fees
- Node consensus and administration costs
- Ecosystem development and community projects
- GAS coins can be traded on cryptocurrency exchanges and held in cryptocurrency wallets.
- The value of GAS coins is determined by market supply and demand, as well as the overall health and growth of the NEO ecosystem.
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