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Buy NEO Coins, You Get GAS

Written By Hanny & Melissa on Saturday, April 13, 2019 | Saturday, April 13, 2019

https://www.economicfinancialpoliticalandhealth.com/2019/04/buy-neo-coins-you-get-gas.html
NEO or previously known as Antshares (ANS) is the first open-source Chinese blockchain project.

NEO was created in 2014,to transform the buying and selling system into a system that they call a smart economy that includes three pillars :

- Digital assets.

- Digital identity.

- Smart contract.

In the Smart Economy Neo system, there will be a shift in the role of the internet to simply exchange information, become a place to store real value or assets digitalized into the blockchain.

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This will facilitate the transfer of hands from these real assets in a decentralized and trustless manner using the Neo platform.

# Supply of Neo Circulation

When first created, there are 100 million NEO coins :

- The first 50 million NEO coins were circulated to the general public and exchange.

- While the remaining 50 million NEO coins are stored by the official NEO company.

- Then, the remaining 50 million coins will be released slowly, as many as 15 million coins / year for 3 years, and 5 million coins in the last year

- Release of the remaining year coins: 50 million to 65 million (30% inflation).

- The release of the second year remaining coins: 65 million to 80 million (23% inflation).

- Release of the remaining third year coins: 80 million to 95 million (18% inflation).

- Release of the remaining four coins: 95 million to 100 million (5% inflation).

- Release of the remaining fifth year coins: 100 million to 100 million (0% inflation).

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# What is GAS, and how does it relate to NEO ...?

For Ethereum :

- The currency used is Ether.

- Platform transaction fees are also in the form of Ether.

As for Neo :

- NEO coins are symbols of NEO blockchain ownership (such as shares).

- NEO platform transaction costs are using GAS.

- GAS can be traded like ordinary cryptocurrency. But if you have NEO coins, you can get GAS for free if you store your NEO in your personal NEO wallet (not exchange) by controlling your own private key.

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