Did you know if you have a position in NEO on Binance Exchange, you receive a GAS dividend at the beginning of each month? Pretty awesome, right? But what is NEO and what does GAS have to do with it? Let me try my best to explain.
As you may already know, NEO is the Chinese Ethereum. There are two tokens that drive the network, NEO and GAS. The NEO token is a crypographic representation of shares and voting rights in the NEO market (management token) , while the GAS token (operational token)is the fuel of the network and the investor is rewarded a dividend. Users pay the network in GAS to deploy and run smart contracts. The two tokens are capped at 100m tokens each and cannot be forked/divided. As more ICO's are built on the NEO platform, the value of both NEO and GAS increase.
Currently, I hold a position of both tokens on the Binance exchange. As mentioned above, at the beginning of each month a dividend in the form of GAS is distributed to all holders. The amount of GAS is equivalent to about $10 USD and can grow over time, considering you don't sell it. After doing some research, I read that it is best to purchase GAS at the beginning of the month because so many people sell their $10 dividend and this is the point in time GAS is the cheapest. If you want to make a profit, it is said to sell GAS around the third week of the month. I personally hang onto all of my dividends and allow it to grow. Again, the more projects that are built on the NEO network increase the value of both tokens (keep this in mind).
The NEO network is still young and has plenty of room for growth, unlike Ethereum which is becoming overly crowded with projects. This is why I chose to invest in NEO. The company itself is completely transparent with the Chinese government and I feel that is what will make NEO increasingly valuable. I view this as an investment opportunity and as usual I recommend all of you to Do Your Own Research before investing.
---Ledger
What is GAS?- https://coincentral.com/gas-introduction-neogas-crypto-within-neo/
NEO and GAS- http://btcmanager.com/rebound-coin-will-bounce-highest-february-2018/
Binance Referral- http://binance.com/?ref=12890060
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