GAS

SpontaneousDream

Forget how it performs against USD. The **only** trading pair that matters in crypto is how coins trade against BTC. Not USD. ETH/BTC: Peaked **8 YEARS AGO**. Has been long term trending down since. Maybe I'm in the minority but I just don't see this coin being worth $300 billion market cap right now and certainly not $550 billion or so when it was at ATH given the tokenomics issues, the competition from other coins, and simply for what it is (let's be honest, it's a GAS TOKEN)...but that's me. Market can be irrational for much longer. Idk. I still hold a small bag of ETH in case I'm wrong.

SpontaneousDream

Imo the market got way, WAY ahead of itself valuing these coins as some "world computer, backbone of digital finance" bullshit. The **only** trading pair that matters in crypto is how coins trade against BTC. Not USD. ETH/BTC: Peaked **8 YEARS AGO**. Has been long term trending down since. SOL/BTC: Peaked **3.5 YEARS AGO.** Has also been trending down since. Imo people buying SOL or ETH, especially ETH, are taking on a massive fucking risk. ETH is almost $300 billion market cap..and for what? It's a GAS TOKEN on a network with completely fragmented liquidity, which barely accrues any value to the token itself, and generates a measly 3ish% of yield. Maybe I'm in the minority but I just don't see this coin being worth $300 billion market cap given the tokenomics issues and for what it is...but that's me. Market can be irrational for much longer. Idk. I still hold a small bag of ETH in case I'm wrong. I just think it's very hard to value these coins because they're so complicated with the tokenomics and no one, not even the ETH maxis, can tell you what these coins actually are or why they should be valued the way they are. If either of these coins has a chance at reaching new ATHs against BTC, it is SOL, and imo only because SOL is a mere $86 billion cap. It can eat a LOT more of ETH's market cap.

DBRiMatt

I miss when new memes were launched as GAS fees spiked on Ethereum Mainnet xD

nk171717

ETH is like the MySpace of social media. It's just being outperformed by new platforms in terms of blockchain fundamentals (TPS, GAS, scalbility). SOL, HBAR, to name a few.

OkTune7507

Brosniffer. Take off the mask. If you think your are as smart as the billionaire president, and the richest man in the world then sniff on AOC’s crotch some more. Maybe ask sleepy Joe where the 1.2 TRILLION he handed out last April went? I know 40 BILLION went to furniture for buildings that your idiols they worked from home. One day when you work for a living and pay 1/3 of your money you might GAS. That or you are a bit or a paid twat b/c is a small chance you are a working human being in the USA. And btw fuck China if that where you are. Go eat a cat.

Vondy6

I was initially skeptical, but after carefully reading the JetBolt whitepaper and doing more digging, I'm sold! JetBolt is truly doing something outstanding - so much so that it can sound too good to be true at first glance. But the technology is there. NO MORE GAS FEES!!

DBRiMatt

Thats why we are in crypto... GAS fees we can afford! xD

StevieGagain

So, you had 35k coins in December worth 250k. It was worth around 7-8 dollars then. Sold 7.5k around. Now the remaining 27.5k are worth 55k. So, currently 2 dollars. GAS, QTUM, NEAR qualify these as per the exchange I use. Not sure since many don't get listed easily on my country's exchanges.

johanngr

As anyone reading my response can see, my post is about the Ripple money system. Anyone can also see I emphasize that implementing Ripple on a blockchain (with global trust) is nonsensical. Besides [Ripple.com](http://Ripple.com) (that uses XRP in same way Ethereum uses "GAS", i.e., to ration resources) there is also [trustlines.network](http://trustlines.network) on Ethereum that implements Ripple in such a way. As for "Craig Wright fan", I am a fan of Satoshi's work yes but also of the continuation by Vitalik Buterin and Gavin Wood (and all the intermediary projects between those that were also innovative). Peace

cyger

Yea, and the painful GAS fees when new NFT collection was released on Opensea. Never fun to pay over $200 for a single transaction and some paid over $1k for a swap

Scarecrow4980

lol I still have some NEO and GAS from 2017 that I can't get rid of. just sitting in a wallet earning more GAS.

ATG_19

NEO and GAS. All in and pray China legalizes crypto fully.

Dismal_Dealer_8321

This is my absolute favorite project. Nice to see some promo here. ZERO GAS, let’s goooo

FiatFree

First NANO pumps then NEO and GAS pumps then the ALT Season starts full swing.

FiatFree

First NANO pumps then NEO and GAS pumps then the bull run starts full swing.

mazda7281

I'm buying ETH, TRX, NEO and GAS

Scarecrow4980

one of my first as well, still have some NEO. can't find where to sell it in USA still. or GAS

Racecarlock

It's almost like a bunch of people have been indirectly but intentionally trained to "buy the dip" and "prove the haters wrong", thereby creating an endless supply of pumps and bubbles. Which, you know, doesn't mean you DON'T make money on it, but I'm betting those exchanges really enjoy the influx of GAS fees when that happens. What's the old casino saying? "The house always wins." Anyways, have fun at the poker table. Despite my cynicism, I hope you do win and cash out big. I never enjoy hearing about people getting ripped off.

NavyTopGun87

This token is a no brainer! who else is doing ZERO GAS SWAP FEES?!

No-Tangelo1372

Republicans then: “BIDEN BAD GAS PRICE HIGH!!!” Republicans now: “The pricing of goods is complex and is based on several factors including global supply chain and and predominant disease, are only marginally influenced by the president.” This is why we bash you dummies about egg price. Not because we don’t understand WHY they are high. But because y’all think the president causes these things directly.

NavyTopGun87

FEENIX is the only correct answer! they possess the amazing FEENIXBOT to swap with ZERO GAS FEES! what are you waiting for?!

MiStor

NEO. That sweet passive income in GAS is just 👌

Juggling_Jinx

No different concept. You also dont get neo, but GAS for hodling. Also you could say that about any coin that offers staking.. pretty similar

jawni

>What I don't understand is how we're differentiating between 'better' and 'worse' coins? What makes one a better investment than another, other than something like pure hype or sentiment? Stocks have different values because businesses have different underlying value (plus sentiment and hype, of course). One stock does better than another because one business produces services and goods more efficiently than another. Blockchains are in the business of selling blockspace. They need to be able to keep fees low enough on be affordable on an individual basis, while generating enough in the aggregate to properly compensate network operators. Keeping this context in mind, a blockchain would be doing better than another, if it was generating more total fees while keeping the median individual fee low enough for the typical user. Qualitatively you might look at exactly how many protocols are generating fees and the distribution and sustainability of the fees. Generally you wouldn't want to be overly reliant on one protocol to generate the usage needed. If their were two otherwise equal blockchains, you'd want the chain with more diversity in usage and more sustainable usage. Here you can see a chart of the gas used by individual applications on each chain: [ETH](https://app.artemisanalytics.com/project/ethereum?from=chains&tab=activity_monitor&chartMetric=GAS_FEES_USD) [SOL](https://app.artemisanalytics.com/project/solana?from=projects&tab=activity_monitor&chartMetric=GAS_FEES_USD) [SUI](https://app.artemisanalytics.com/project/sui?from=chains&tab=activity_monitor&chartMetric=GAS_FEES_USD) [TRX](https://app.artemisanalytics.com/project/tron?from=chains&tab=activity_monitor&chartMetric=GAS_FEES_USD) You can see both ETH and SOL generating a lot of revenue from a diverse set of sources. TRX generates quite a bit, but the majority comes from stablecoin usage as TRX is the favored network for a lot of people that used USDT for their every day payments. SUI isn't even close to the same ballpark, but it's a newer chain, so it's valued more on it's potential for growth. That's basically what you look at to value L1's. Valuing DeFi protocols should be a little more straightforward as they essentially operate as analogs to tradfi institutions.

Kwayzar9111

Have a look at JETBOLT : Designed on the Skale Network, [JetBolt](https://jetbolt.io/?source=brave_new_coin_161) (JBOLT)  It allows its users to transact seamlessly on-chain with zero gas fees and comes packed full of features. Yes, that’s right ZERO GAS! I have £20,000 invested [https://jetbolt.io/?source=crypto\_basic\_56](https://jetbolt.io/?source=crypto_basic_56)

StrB2x

Dot Inflation has been reduced to 8 percent and will continue to go down year by year. Also with core time purchases in DOT will be burned. The Jam upgrade will make DOT be used as GAS and also They are exploring making DOT the universal token across all chains built on DOT.

SwingNMisses

No there isn't a world computer. ICP is trying to achieve this but doesn't have the user adoption. ETH is probably closer than ICP on its user adoption alone but it's laughable to think with its expensive GAS fees and slow network usage...that big tech ever be interested in ETH. I honestly can't see any blockchain becoming a world computer. Big Tech does not like decentralized networks... they like the shitty cloud networks that get hacked or experience crowdstrike outages because at least they have full control. So no real world computer actually exists and I suspect that we are a long way from it ever happening...and I don't think it will ever happen.

DBRiMatt

> Am I correct in thinking that you can't spot trade the majority of Coinspots listed tokens? Only this select group of around 15 tokens? Correct. Coinspot is severely outdated in their market trades... NEO, EOS, POWR, RHOC, GAS, USDT (whyyy) - should all be replaced with higher ranked crypto with more trading volume. Can't even trade BNB at market price.

micro371

Got into byc in 2013... had about 15. Sold 7 last bull run. Still sitting on 8. Bought 4000 ADA in 2017 @ .025 ($100) have more than triple from staking and rewards. Still hodl 100% XRP for its true purpose. Almost ZERO GAS FEES! I xfer across exchanges in XRP when needed to save $1000's also, XRP -> cash is crazy cheep as well. Only meme I did was doge, as stated above, paid off house, set up and paid for 2 kids 4 year college and Roth IRA rest in to dividend ETF's I'm living off those now since i was 45. Crypto has done me and my family well. My advise? Stop chasing memes this is real money that you worked hard for funds. It can change your life, most for the worst but the few who do PROPER DD and truly understand why they are give their money away to a project. And "XXX coin moon!!" Is NOT an investment, but a gamble.

MinimalGravitas

> Eth GAS IS RIDICULOUS. It's NOT keeping up with Bitcoin Transactions cost more than twice as much on Bitcoin as they do on Ethereum: $1.28 to send ETH on Ethereum: https://ycharts.com/indicators/ethereum_average_transaction_fee; $2.78 to send BTC on Bitcoin: https://ycharts.com/indicators/bitcoin_average_transaction_fee. > SUI is cheaper Only if you pretend that rollups don't exist, despite them being Ethereum's main scaling design for over 4 years... Average transaction cost on SUI is $0.009: https://suiscan.xyz/mainnet/analytics/avg-gas-fee; Average transaction cost settling to Ethereum through Optimism: $0.002: https://optimistic.etherscan.io/chart/gasprice. > and faster. Average TPS on SUI is about 65: https://suiscan.xyz/mainnet/analytics/tps; Average TPS settling to Ethereum is about 140: https://rollup.wtf/ (set the filter for 'DA' to only include 'Blobs' and 'CallData' to see only the transactions which are fully settled on Ethereum). > Truth hurts I guess Only if are trying to avoid it.

strigif0rm3s

So many downvotes. Truth hurts I guess. Eth GAS IS RIDICULOUS. It's NOT keeping up with Bitcoin ....SUI is cheaper and faster.

IdentifyAsUnbannable

GAS fees will be the death of Ethereum.

plasmalightwave

Oil == Gas Ethereum uses GAS fees

jwz9904

GAS fees are more affordable now

Dry_Art9262

He mostly like used GAS fees to send the BNB..

SkepticalBeing

NEO, massively undervalued and cheap, earns 10%+ free "dividends" (aka GAS) for simply casting vote, overall great project with lots of ongoing developments.

DBRiMatt

Super unlikely, those wallets will have bots/scripts to beat humans. Don't waste your time or your GAS

randomdaysnow

How do I sell legacy NEO GAS? I'm in the USA, and want to sell it or trade it for Bitcoin so I can sell that on coin base. The NEO sub is dead. Please help.

randomdaysnow

Please help! How do I sell legacy NEO GAS? I havn't paid attention to crypto for years. I need to sell the GAS I kept. I finally was able to recover my old NEO wallet. I have it visible in NEON wallet, but when I look online to the exchange I knew that could convert GAS, it's not allowed anymore in the US. WTF do I do? I'm pretty desperate. It's a substantial amount of GAS. Please explain it to me like I am 5. I have a coinbase I think still, but there is obviously nothing in it, I had to cash everything out years ago. I want to easiest way to exchange GAS into bitcoin so I can send it to my coinbase where it is connected to my bank account. I don't know anything about N3 or if that has anything to do with it. I don't want to touch it until I know what to do. I was told somebody to migrate but that doesn't answer the question of where and how do I sell them after that. Is there an exchange that works for someone in the US so I can exchange to Bitcoin and send to my coinbase that would be the easiest way to cash it out to my account. I'm desperately trying to cover costs in my life.

randomdaysnow

Please help! How do I sell legacy NEO GAS? I havn't paid attention to crypto for years. I need to sell the GAS I kept. I finally was able to recover my old NEO wallet. I have it visible in NEON wallet, but when I look online to the exchange I knew that could convert GAS, it's not allowed anymore in the US. WTF do I do? I'm pretty desperate. It's a substantial amount of GAS. Please explain it to me like I am 5. I have a coinbase I think still, but there is obviously nothing in it, I had to cash everything out years ago. I want to easiest way to exchange GAS into bitcoin so I can send it to my coinbase where it is connected to my bank account. I don't know anything about N3 or if that has anything to do with it. I don't want to touch it until I know what to do.

Sandgroper62

Whoa! Ok. Thats a whole lotta stuff I will have to read up on lol Thanks for that explanation. It does help. I'm in Australia, & just getting KYC done across multiple exchanges has been an exercise in sheer frustration - so many damn steps. I was using Gate.io a few months ago, and trying to log in they wanted something like 4 different verification methods! Logon username/PW, then Google Authentication, then SMS Authentication , then Email authentication... All within 60seconds. I mean I'm fast, but not that fast on a mobile ph. Then the concept of GAS fees had me thinking.. what the hell does petrol have to do with crypto!? SMH More acronyms in this industry than an acronym factory! So yeah I'm still trying to come to terms with the concepts of ETH Layer 2 chains. Crypto trading is NOT for the faint hearted or technology luddites! Tried explaining crypto to the old man last week, he thought I'd gone mad.

vincethepince

Texas had NATURAL GAS distribution equipment freeze because they were too cheap to properly create a distribution system that can handle cold weather. They blamed it in the green new deal and renewable energy even though they are on their own lone star ERCOT freedom grid and it was primarily fossil fuel failures that caused the grid failure

DBRiMatt

Good luck - it's been a great chain to farm. I've earned more from passive yield than I've even spent on GAS fees - so, no matter what the airdrop is, I'm already ahead!

mazda7281

I'm buying NEO every month. It generates GAS, so even if the price doesn't move so much I earn good money.  Will it outperform other coins, idk. But I'm pretty sure it'll outperform btc, eth, Solana and other top20 coins 

Behind_You27

Started in 2017 as well, roughly. Invested most in BTC and also had a decent position in Antshares. It went insanely well. But I never put in that much money as you did. I had the assumption that exchanges are going to be the next big thing. Binance came out, Antshares rebranded to NEO, everything looked nice. Unfortunately I just didn’t believe in Binance as much, so I didn’t buy many bnb tokens, few hundred for trading. Then the ICO hype started and I didn’t care. Until at the end of the hype, Nash/Nex an exchange with a really interesting technical functionality and super attractive profit sharing mechanism. It was possible to use Neo and GAS. Made some calculations on what the true value of GAS should be, came to the conclusion that it would be the better currency to use for the ICO. Took 6k of my savings and put it into GAS. The ICO was supposed to happen in roughly 4 weeks. So I waited. Prices didn’t move much, maybe slightly in my favor. Then the news dropped: ICO delayed. Prices crashed to the bottom. Completely irrational but yeah. So my 6k that I put in were worth half at most. Still, went ahead with the ICO that happened a few months later. Had to liquidate some of my Neo positions in order to do so. In the end, the exchange happened. It also worked fine. Sadly it had no real volume. So the tokens generated no real value. They dropped by 80%. Right now they trade at 12ct. So I got fisted twice. First by buying the currency to buy into the ICO then the project just didn’t perform. Sad as it was actually a good one out of all those ico s I guess no one wanted a non custodial trading platform. So I still had my btc and a bit Neo left. I stopped investing much time into it and moved from Neo into eth. Also sold a bit btc into eth (probably at the worst possible btc/eth ratio) and just waited. I recently sold 90% of my positions and put them into a boring MSCI ACWI. TLDR: Let’s look: Total invest all time: 16k Total money got out of it: 32k Return: 2x in 7 years. Not bad but also not impressive. Could have put that money into an MSCI world and would have made the same. With less risk and therefore probably higher invest. That’s my learning.

oneprocent

I lost all of my savings too. Somewhere between 01 Nov 2022 – 10 Nov 2022 Polygon was rising from $0.90 to high as $1.15 and then dropping within an hour to low as $0.80. I started panic selling and buying which led me from $14K to $6K. I was going crazy, it happened so fast. I regret my actions. What I had left was $4K. On 28 Jan 2024 I wanted change from platform, so I decided to send my assets from Bitvavo to Binance. Sadly a 'sweeper-bot' came between my transaction and made a 1.582 ETH GAS FEE of it. I was investing in Solana back then. If that didn't happen, my wallet would be 8K+. :p I'm deep in debt $3.5K+, can't spend money currently, and I own my family $10K. One day I will make it.

Misko187

My secret would be: Only in NEO , earning 20% APY in GAS, use this GAS to get even more NEO or invest a part of that in Meme Coins and try out my luck, not touching my main stake. but dont tell this anyone!

StatisticalMan

Polygon is not an L2. In an L2 THE GAS IS PAID FOR IN ETH. Yes L2 are cheaper and faster and the gas for transactions is paid in ETH.

strepac

You gotta pay the GAS boiiiiiiiiiiii!

TabletopThirteen

None of them do. Go to the Solana subreddit and they ate all clueless. "I JUST SPENT $50 ON GAS FEES THIs SUCKS." Well maybe you didn't do 5 minutes of research into L2s

Capital_Distance545

Yes, for real. There is a simple "ndapp" (Neo Decentralized APP) called "gas-calculator" that shows the current APR based on your votes. For me it is 16.50% This will result around 18% APY. March will be around that because NEO started to go up a little so the GAS/NEO ratio is went up as well from 2 to 2.3. And if this ratio goes up the APY goes down obviously. And I am talking about NEO N3 version of course. (NEO was one of the 1st blockchian to do a seemless blockhain upgrade, half year before ETH in 2021 August.) The beauty is that NEO and GAS usually stay together (pump together and dump together), and this 20% APY can be achieved when their ratio is around 2. My strategy is to buy NEO (preferably low during crypto winter, so not now), and hold and reinvest generated GAS to NEO. And even if I sell NEO for the same price (which can be a safe speculation), I got a good APY reward... Why "selling for the same price is possible in the future" is a safe specualtion? NEO has the proof of time, its an old project, I think that has a bigger value than hypes in new projects, and they never stoped working on it. (In fact their consensus mechanism, which is not PoW or PoS, but dBFT, is the only one that can support MEV resistancy currently). So I doubt this project will be abandoned in the near nd mid future. And as always, this is not, financial advise...

thomas_grimjaw

I don't understand why does every fckin L2 need to have their own stupid token. ETH should just make a GAS token they use and force every L2 to accept it as gas and use ETH just for staking and shit. Adoption of crypto is stuck between high gas fees and complexity of bridging. It's going nowhere like this.

Rand-Omperson

I have NEO N3 and GAS. the coolest tech but no users

Luvblizzards

I’m not a tax advisor, but my understanding of US tax law is that a swap is a taxable event. So if you swap BTC for another crypto, that’s a taxable event. If you trade that newly acquired crypto for dollars then you trigger another taxable event. Sending your crypto to a different address is not a taxable event, as I understand the rules. So if you were to send your BTC to another exchange, that’s fine, but keep in mind that all BTC transactions come with a GAS fee (Bitcoin code) and possibly an exchange fee. With all that being said, I think you’re better off selling on Coinbase. You can obfuscate your BTC transfers using a mixer like tornado cash. Not sure about the legality of that, but could land you money laundering charges. I’ve never done it, and IMHO it is not worth the risk. Uncle Sam is going to get his bag one way or another. Again, I am not a tax advisor, nor a lawyer, and I recommend you check with a tax advisor in your local jurisdiction.

szartenger

Fucking NEO and its shit GAS.

Urc0mp

NEO GAS GVT OMG XLM IOTA all very promising long term hodls

zyeus-guy

2017… saw a bunch of people talking about GAS and bitcoin fees. Honestly at this time thought no one will buy into that as a currency. So I sought out a new one that didn’t have fees. I ended up on Raiblocks, made a decent return on the bomber issues. But didn’t cash out of crypto. I think I still have my wallet from way back when. I have since gone in on loads of coins, including BTC and ETH but have settled back on Ӿ (nano) and ADA.

Spiritual_Navigator

Worldcoin Tresury has been paying $1-2 million in GAS FEES to give its users their free 3 WLD grants That's every 2 weeks...

selfshotj

No, it's trash. The devs are using GAS to acquire BTC for themselves. The opportunity costs of holding this coin for 7 years are staggering.

Ok-Supermarket-6747

eth is really a lost cause. I guess I thought the 1 inch fees were the eth gas. ​ welp time to go deep and buy a ridiculous amount of eth for gas I guess just in the hopes of mooning. hopefully the shitty phone I’m playing on will still be working by the time profits > $309 Is there are way to really get ahead? It seems like the moon will cause network congestion just FURTHER DRIVING UP GAS. Therefore if I can’t win when it’s low…how would my income bracket win when high? .05 eth is alot for me

NEO_R1CH

$NEO (Neo blockchain) $GAS (Neo & Neo X(EVM compatible side chain) blockchains)

Tip-Actual

Can we get NEO / GAS these pumps too? My NEO bag is complaining

Cannister7

Also, as far as needing the native asset to transact, I wasn't completing a transaction on ETH at that point, I was just getting ready to do that. I understand that swapping USDC for ETH counts as a transaction, but if it's necessary to have ETH to do this, then why would Rabby design a feature called ',top up gas' when you NEED GAS TO BE ABLE TO TOP UP?!

Cannister7

Ok. More helpful than the other answers but you're still not understanding. Maybe you haven't looked at Rabby wallet, I don't know. I do understand gas, you don't need to explain all that. Let me explain again. There is a button on a Rabby that says 'top up gas '. When you click on it, it then lets you select the network and the token that you want to use to top up with. I selected BNB or BRC or whichever it is now, and I selected USDC. I did this because I already had 10 USDC that I'd previously sent there on BNB Then Rabby told me that the minimum for this top up gas feature was $24. So I sent another 16 USDC to the wallet. At this pound I could have obviously just sent some ETH, but I wanted to make use of the 10 USDC that was already there. So then, when I had the required minimum amount ($24 including $4 for fees), I went back to the top up gas feature and tried to complete it. ONLY TO BE TOLD THAT I DON'T HAVE ENOUGH GAS! How does that make any sense?

Cannister7

Omg why doesn't anyone understand what I'm saying?! >At least Rabby tries to deal with this problem even though it's poorly done ($24 minimum lol) It doesn't deal with the problem. The issue is not that you need $24 minimum (although that is a lot). What I'm saying is that I HAVE $24 but it won't let me swap it for gas BECAUSE IT SAYS I DON'T HAVE ENOUGH GAS!! Which makes no sense. Obviously I don't have gas, THAT'S WHY I CLICKED ON 'TOP UP GAS '

maria_la_guerta

The point of credit cards to is to spend borrowed money. Kind of a dumb example. Also, what would Americans have spent in GAS fees if everything was crypto? Blockchain has a space, but it is not the solution to every single financial problem.

Cryptocaller

“The Holy Trinity”…where have I heard that before? “NEO, GAS, ONT… The Holy Trinity” of blockchain, said everyone in 2018. That didn’t go too well.

njamimaranga

Crypto Coin | Portfolio(%) |Price Value($) | Exp Value :--|:--:|--: GAS | 25 | 7.1 | 30 USTC | 25 | 0.0276 | 0.08 SUPER | 12.5 | 0.059 | 1.5 MEME | 12.5 | 0.025 | 0.04 BONK | 12.5 | 0.000012 | 0.000025

njamimaranga

Also don't forget to throw some on GAS, USTC, MEME, BONK, SUPER, SANTOS, AVAX. I'm just hoping BTC crabs for a little time until 1st February and gives me time to search Money. Because once it's over. These coins will triple in value and the price they are currently is a joke. It's unbelievable how people can't see a good opportunity like this.

Zombie4141

Yeah. Neo has a byproduct coin called GAS. Each Neo you hold gives you a percentage of gas every block. And if you vote you can make around 19% APR currently. The more Neo you hold the more Gas you generate. And you can link a web app to your public wallet and easily convert your gas to more Neo. It takes a few seconds.

CanWeHaveFacts

Sol is odd with the slashing but if the node is legit? Staked Eth, you need 32 E to do that yourself? And, the hardware to validate unless you're staking via an exchange along with the computing know how to set that up. NYKNYK IK but if you have 1 eth, staking it on an exchange could be better. Coinbase has insurance for loss of customer funds if they get hacked NOT if you get hacked, in theory if you are staking there and keep your shit safe, there is a degree of insurance there? Plus the exchange has incentive to be a good validator due to loss of reputation etc etc. There is always risk. I agree delegated staking is better, Cardano is less risky due to the never leaving your wallet, TRX I think is the same but with a lock period of 3 days but i dont think the TRX leaves your wallet? I never go that far with crypto(atm) in terms of hardware. DeFi is very high risk - LP pools and farming is risky staking. With your NEO staking, you still have to convert the GAS to something else? Or do you mean gas like eth, so by delegating your NEO you get NEO via gas fees?

Zombie4141

Buyer beware. Lot of people raved about Celsius. It was reputable too. Staking like that is a “fuck no” for me. But I’m a bitcoiner not a crypto enthusiast. I couldn’t sleep at night letting someone else hold my precious coins without some form of legal insurance. The only thing I’ll do is NEO. You hold it on your hardware wallet securely. Then you vote for a delegate. And you get 19% APR in the form of GAS. ARK used to give rewards for voting in the past, but that’s been inactive for awhile now.

NEO_R1CH

Yeah, u/EleanOrZ is a great community member, always helping out and giving information to those who need it. Much respect to them. We in the NEO community don’t call NEO the Ethereum killer, that’s something that stuck. The blockchain has been slowly advancing and the devs are working hard. EVM coming out and they’re also working on ZK, like you said, just taking some time to look into it will change some minds. Neo is Neo, 1 NEO = 1 NEO. Many are looking at the fiat worth of each blockchain but fail to see the advancements. Specially with many people complaining about the high gas fees on other blockchains. You will also get people who will tell you that if you don’t like the high gas fees on the layer 1 blockchains to use the layer 2 blockchains (but they don’t believe the layer 2 to be worth investing in) By the way, your comment about not locking up your coins to generate GAS is correct. I know of people who locked their coins and were unable to unlock on the way down and lost and got liquidated. Didn’t happen with those holding Neo and voting 🤷🏻‍♂️

Elean0rZ

NEO has zero inflation. 100m NEO, period. Passive income comes from GAS, which is the utility token. It has an unlimited supply offset by fee burning so the exact rate of GAS inflation depends on network use.

hungryforitalianfood

Why not? I’m not defending NEO here (it’s a horrible investment), but you can offer a yield with a hard limit. There are two ways. 1. Lock up a percentage of the total supply and pay the rewards/yield out of there. Obviously this only lasts so long, but it’s real until it runs out. 2. Do what NEO does, and pay those yields in a second coin. GAS is a different project with different supply numbers. Paying yields in GAS have no effect on the total supply of NEO.

Zombie4141

Not everyone gets the same. You have to vote for a delegate and there are 21 that generate gas. If you pick a delegate with less votes, you get rewarded a higher amount of GAS. If you pick a delegate with a large amount of votes you get rewareded less APR. I am staked with a delegate that gives me 19.5% APR currently. The lowest I’ve seen it is 17%. Also like I said, there is no need to give your coins to someone else to hold. You have self custody of them. I currently have them stored in a ledger nano S.

Zombie4141

If you have X amount of NEO stored in your hardware wallet, you can vote for a delegate. After you cast your vote you will be given about 19% APR in it’s byproduct a cryptocurrency called GAS. You can easily sell the gas for more NEO and generate more GAS. The larger your NEO stash the more GAS you earn.

inadyttap

NEO-BTC chart looks horrible, like it completely skipped the 2021 bull. i used to hold NEO, loved the wallet and GAS but i sold back in 2021. probably a good gamble to make some profit next year....but i am staying clear of NEO this time...good luck to all.

NEO_R1CH

I believe NEO to be a top contender blockchain. And with the new NEO X (EVM compatible blockchain) there is many more opportunities to come moving forward. The devs are great. The projects are solid. Also, if you exchange your NEO for cNEO it does the compounding for you. So it votes for the highest yielding candidate and exchanges the earned GAS to NEO for you. You will get much hate here for mentioning NEO, but that’s because they have yet to look into what NEO has been up to and the possibilities that it brings.

DebianDog

I did not think since the conversion to the new token, it was paying as much GAS anymore. Then again I have not looked in months. Well let me go find that wallet...

ptrnyc

You should swap your GAS for more NEO if you plan to hold anyway. It was over 1:1 a few weeks ago, killer opportunity to stack more NEO, which then brings more GAS.

DebianDog

Yep and almost an equal amount of GAS. I know the community is small but they are dedicated. I am hoping it pays out in the future, but I have written it off as a lesson.

DBRiMatt

$250-$270 to 4 digits? That'd be good enough! Thanks mate, heres hoping a little GAS pays off. Happy Festivus, and see you in 2024! WAGMI! 😆

daheff_irl

BTC would cost a lot of money to make a small transaction. GAS Fees are \~30-40$ at the moment. Does a sepa transfer cost that much? No. ​ Are there any protections if his BTC wallet gets hacked? no. A bank does give you some protection if it happens to you. ​ Its not new, and its not unique. its been around for quite a while. Its too unstable to be used as a general purpose currency though.

ArachnidCertain9707

Didnt you see the GAS pump a few weeks back?

gucciloafer

I forgot about NEO! I swear I’d found the infinite money glitch with NEO and the GAS it generated 😂😂

holduntil2020

What's with GAS. $3 to 28 ... Back to 5.. now at 9. All in two or three weeks.. Price action is wild.

Kavub

KAS & TARA are exclusively being pumped by retail trying to short it and the guys with actual money feasting in the liquidations forcing price higher while the longs they opened extremely cheap are juicing. Nobody is buying either of those at insanely inflated prices to hold. It's just like GAS recently. They will keep pumping as long as retail keeps shorting.

Osmosith

No $NEO/GAS ? It's gonna fly soon

jaxsantiago

Seeing all the MOON talk, I finally decided to spend some time setting up a Metamask account, adding Arbitrum Nova, importing the MOON token and voila! Saw how many MOONS I have. 😁 I thought I should cash it in (coz why not)? I went to Sushiswap, connected the Metamask wallet, selected MOON and ETH and hit the Approve MOON button. It tells me I have insufficient funds for GAS. This is where I hit a wall. Can somebody advise what the next step is? I'm new to this (been using CEX mainly). I don't see an option to buy ETH in Metamask (with NOVA selected). I do have ETH on a local exchange so I reckon I can transfer some to cover the gas fees but not sure how to do this as well. Any help please?

identiifiication

So the GAS 10x really was a pump and dump hey

RoughReset

It exploded a bit and now it collapsed! (GAS)

RoughReset

GAS collapsed I saw, so that’s already a relief. I might get back in under $5 haha

MonsieurGump

Depends on if you think it’s going to keep going. Anyone that was buying GAS at $25+ this week will tell you that!

RoughReset

I dumped all my GAS when it was at $13 last week. Been hodling since 2017. After that it went $29. Now it’s $10. I missed out, but I didn’t. I’m okay with it.

PathologicalUpvoter

Lol GAS just fell off a cliff goddamn

ArachnidCertain9707

Check the GAS token lmao

Perfect-Ad-2569

Im waiting for GAS or SOL move on that coin. Lol

Rand-Omperson

I can't believe I just took all my Neo GAS out that went like 100x just yesterday. Whew. ​ but anyway, they probably refund everyone, they can't take a hut loke this.

SmotheringPoster

Correct, there is a token called GAS that is all lol, not for this forum I know but I’m just blown away by how it’s gone mental.