How to get GAS for NEO holder
NEO quickly gained popularity and is traditionally among the ten largest cryptocurrencies in terms of capitalization. One of the reasons for the rapid growth in popularity of NEO is the fact that this cryptocurrency allows its holders to receive regular dividends in the form of GAS tokens..
NEO is often referred to as “China’s Ethereum” because the functionality of the two platforms is very similar. Just like Ethereum, GAS is used on the NEO blockchain to carry out computations. Holders of NEO are considered by the creators of the cryptocurrency as co-owners of the blockchain, therefore, keeping NEO in the official wallet or on partner exchanges is rewarded accordingly..
If you hold NEO and want to earn GAS, the first thing you need to do is withdraw tokens from the exchange to the NEO wallet, which can be downloaded from the official website. The easiest way to install and work with NEON Desktop Wallet. NEON does not require downloading the entire blockchain and is easy to use. As a rule, for long-term storage of cryptocurrencies, as in our case, if we want to earn GAS on a permanent basis, it is recommended to use official software or hardware wallets. If you do not want to install additional software, an alternative and rather reliable option would be to store NEO on the Binance exchange. This exchange, unlike most of the existing trading platforms, monthly credits the accumulated GAS to the accounts of its users.
Calculating the expected dividends from NEO storage yourself can be quite problematic, but NeoToGas will do it for you. There are two ways to calculate expected returns. The first of them allows you to find out the theoretical profitability based on the formula specified in the NEO white paper, based on the assumption that a new block is issued every 15 seconds. The second method calculates the actual profitability and takes into account the real rate of block release at a particular moment. As a rule, the second method gives lower results..
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