Gas
Crypto Overview
Overview and Intended Utility
GAS is the utility token of the NEO blockchain ecosystem, designed to serve as the fuel for executing smart contracts and processing transactions on the NEO network. It is automatically generated through a decay algorithm alongside NEO tokens.
Business Model and Current Usage
GAS serves several legitimate purposes within the NEO ecosystem: Payment for transaction fees, smart contract deployment costs, and network resource allocation. The business model is transparent and focuses on providing necessary utility for network operations.
Real World Adoption
NEO GAS demonstrates consistent usage patterns primarily for its intended purposes within the NEO ecosystem. On-chain data shows regular transaction activity for contract deployments and network operations. The development community actively uses GAS for deploying and testing smart contracts.
Token Distribution and Governance
GAS is generated through a fair distribution mechanism where NEO holders receive GAS tokens proportionally to their NEO holdings. There is no pre-mine or founder allocation for GAS tokens, which significantly reduces the risk of founder enrichment schemes.
Development Activity
The NEO ecosystem maintains active development with regular updates and improvements. The platform consistently releases new features and maintains its infrastructure, indicating genuine utility and long-term commitment.
Crypto Impact
To assign a comfort level investing in Gas from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gas.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.