Gate News Bot Message, February 02, According to CoinMarketCap data, as of press time, GAS (Gas) is trading at $2.01, up 16.81% in the past 24 hours, with a high of $2.20 and a low of $1.64. The 24-hour trading volume reached $105 million. The current market capitalization is approximately $130 million, an increase of nearly $18.8 million compared to yesterday.
GAS is a utility token within the Neo smart economy ecosystem, utilizing a unique dual-token model design. As the primary functional token of the Neo network, GAS is used to pay for network fees, deploy smart contracts, and facilitate various transactions in dApp applications. Neo token holders can passively earn GAS rewards without staking, and those participating in governance voting can receive additional GAS rewards. The Neo blockchain achieves finality on single blocks through the dBFT consensus mechanism and provides comprehensive infrastructure features including native oracles, distributed storage, decentralized domain name services, and cross-chain interoperability.
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