Gas (GAS), which serves as the fuel of the NEO blockchain, continues its astonishing rise.
NEO’s native token GAS has increased in the last month 580% up performed. GAS, which is used to carry out transactions on the NEO network, gained value in parallel with the increase in network activity.
With this South Korea based cryptocurrency exchange upbit GAS transaction volume on it is better than all stock exchanges 61% dominance reached. As a result of increasing dominance Upbit GAS price on Binance % of priceon 1.1 output.
One of the most important factors that triggered the price rise is the NEO founder’s 27 October was the statement dated. The founder made a new statement in his statement side chain announced that it was created and that it could greatly benefit the ecosystem. The real rise started with this announcement because the idea that the demand for GAS would increase, especially with the development of this side chain, prevailed.
According to the data, 5 GAS are produced for each NEO block. 10% of these GAS produced will be given to NEO owners, 80% to validators and the remaining 10% is distributed to the NEO DAO.
According to CoinGecko data, in the last 24 hours 60% rising GAS while writing from $19.46 is being traded. NEO, which has been following the rise of GAS, albeit from behind, has been on the rise since October 22. 130% provided returns.