GAS Coin is a cryptocurrency created on the NEO blockchain network and used for transaction fees. It is a product of NEO, known as China’s Ethereum, and like Ethereum, it generates a special token for network transaction fees.
NEO investors have the option to convert their GAS tokens to NEO at any time, and they can keep these tokens in their wallets. GAS is a cryptocurrency like NEO, but it functions solely for transactions on the NEO network.
Initially introduced only for transaction fees, GAS Coin was later listed by some cryptocurrency exchanges. As a result, it became possible to buy and sell GAS Coin through many leading cryptocurrency exchanges.
At the time of writing, GAS Coin is seen as the 452nd cryptocurrency by unit price, which is $1.54, and it had reached up to $86 on January 15, 2018. It is still actively used on the NEO network. The trading volume fluctuates according to the course of the NEO network and has reached a trading volume of $2.7 million in the last 24 hours.
To purchase GAS Coin, one must first deposit a USD balance into the exchange or buy a cryptocurrency that can be used instead. For this purpose, Binance stands out as the most popular platform. On Binance, GAS is listed as GAS.