How much NEO do I need to hodl?

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Hi Cryptonation

I read and heard from different sources that while hodling a certain amount of NEO, you will generate GAS.

Can someone clarify this for me?
How much NEO do I need? How does the GAS distribution work?

Thanks all!

See you on the moon! :full_moon::man_astronaut:
(after this red sea is over!^^)

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This website should help you out. Looks like you currently need at least 2171 NEO to earn 1 GAS per day, but you can have 1 NEO and it will generate 1 GAS over the course of 22 years.

https://neotogas.com/

GAS is a Cryptocurrency which is distributed by holding NEO in your wallet.
GAS is used to fuel transactions on the NEO blockchain.
With each NEO Block getting generated, GAS will be distributed to all NEO holders.

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Well thats wat I call a LONGTERM investement! :rofl:

Thanks for the help bro! :+1:

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I just checked my Binance balance and I have a question.

I read that the min amout of NEO is 1 and it can’t be devided further.
How am I then able to hold 0.68931000 NEO???

Taken from Binance webpage
Economic Model
NEO has two native tokens, NEO (abbreviated symbol NEO) and NeoGas (abbreviated symbol GAS).
NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided.

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As long as it stays on Binance this shouldn’t be a problem but you won’t be able to withdraw it while it is not an integer value.

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I wonder - is there a thread about NEO - such as one about ICX - its timeline / roadmap etc… :wink: ?
Thanks

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