Re: | NEO Smart Economy ⚡Now a Top 10 Cryptocurrency⚡| Official Thread | Updated
Can someone explain how NEO and GAS work? Is it if you hold GAS in a client wallet you get NEO or is it the other way around or am I complete? Because I see that GAS is the asset of the 2 so I assume it's the on that pays. I was reading about somewhere but now I can't find it and i would rather be sure before jumping in. Thanks a head
When you keep NEO in your wallet is "stakes" GAS.
Supply of GAS is much lower that NEO
GAS at 31 USD
How much GAS can I produce from 100 NEO on average per day?
https://neocoins.net
If I enter 100, it says:
Quote
You will generate approximately 0.03328 Ant/Neo Coins per day.
It'll take you approx. 30 day(s) and 1 hour(s) to get 1 Ant/Neo Coin.
In one year, you will have 12.1472 Ant/Neo Coin(s)!
It'll take you approx. 30 day(s) and 1 hour(s) to get 1 Ant/Neo Coin.
In one year, you will have 12.1472 Ant/Neo Coin(s)!
But NEO doesn't generate NEO, it generates GAS. Why it says that I will get NEO?
If they translate GAS to NEO with current exchange rate, then GAS inflates by 1% of NEO market cap, i.e. 10 mln., it is 16% per month with current market cap. Are my calculations correct here?