15 days ago, instructions were posted on Reddit on how to earn GAS coins by retaining NEO tokens, giving detailed information about the ecosystem structure and how coins are earned. The post distinguished between the governance tokens (NEO) mined or owned by purchase in the ICO or on an exchange, and the utility tokens (GAS), which work in the NEO/GAS ecosystem. The best thing about GAS is that NEO will generate it for you, without doing anything but HODL.
\r\nNEO recently overtook both Stellar and Litecoin to take #6 position in the global market cap rankings, maybe as a result of this information, but also because the company is holding its big DEVCON in San Francisco this week. Price per NEO shot up to a high of $162.11 on January 30th, while GAS moved up the rankings to #47, trading at $70.06; an overall gain of almost 27%.
\r\nFormerly a cryptocurrency mining system called Antshares, the Chinese blockchain was rebranded as NEO on June 22nd 2017, at Microsoft\'s Beijing HQ. The company wanted to refresh its professional image, and chose the name because it\'s Greek for \"newness, novelty, and youth.\" It also offers a nod to The Matrix.
The blockchain industry has grown exponentially, disrupting traditional markets and creating new opportunities for innovation.
MoreThe UAE has amassed $40 billion in Bitcoin, solidifying its ambition to become a global cryptocurrency hub.
MoreAustralian Computer Scientist Craig Wright Found in Contempt by UK High Court
MoreIn a bold move reinforcing its commitment to cryptocurrency, MicroStrategy announced the acquisition of 5,262 bitcoins for $561 million, elevating its total Bitcoin holdings to an impressive 444,262 BTC, valued at approximately $42.1 billion.
More