1 GAS = ₺51.99 Turkish Lira 1 TRY Turkish Lira = 0.01924 GAS
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View ChartGas (GAS) is the utility token of the NEO blockchain, serving as the fuel for network operations and smart contract execution.
Key takeaways
Gas (GAS) is the operational fuel token for the NEO smart contract platform, distinct from its governance counterpart, NEO.
| Item | Details |
|---|---|
| Name (Ticker) | Gas (GAS) |
| Alternative Names | NeoGas |
| Consensus Mechanism | Delegated Byzantine Fault Tolerance (dBFT) |
| Smart Contracts | Native support on the Neo N3 blockchain |
| Category | Utility Token, Platform Token |
| Hash Algorithm | SHA-256 |
| Block Reward | Generated through NEO holding; no traditional mining block reward |
| Max Supply | No hard cap; total supply increases over time as GAS is generated from held NEO |
| TPS | Dependent on the underlying NEO network's capabilities |
| Scaling Solution | Native to the Neo N3 blockchain architecture |
| Blockchain | Neo |
GAS was created by the same team behind the NEO blockchain, originally known as Antshares. NEO was founded in 2014 by Da Hongfei and Erik Zhang. The project aimed to build a smart economy by digitizing assets and automating their management through smart contracts. The dual-token model, featuring NEO for governance and GAS for utility, was a core design principle from the start. The NEO blockchain officially launched its mainnet in 2016, with GAS generation becoming active for NEO holders. The development and ongoing evolution of the protocol are now managed by the NEO community and the NEO Foundation, which guides the ecosystem's research and development.
GAS operates within NEO's unique two-token system. NEO represents ownership and voting rights in the network, while GAS is the resource used to power it. GAS is not pre-mined or issued all at once. Instead, it is generated continuously and distributed to NEO token holders. When users hold NEO in a compatible wallet, they passively generate GAS over time. This mechanism incentivizes long-term holding and network participation. When a user wants to perform any action on the NEO blockchain—such as sending tokens, deploying a smart contract, or invoking a contract function—they must pay a fee denominated in GAS. These fees are then redistributed to consensus nodes that maintain and secure the network, completing the economic cycle.
GAS's primary value proposition is tied directly to the usage and success of the NEO smart contract platform.
GAS has one core, indispensable function within the NEO ecosystem: paying for network resources. Its uses include:
The GAS ecosystem evolves in lockstep with the NEO blockchain. The major upgrade to Neo N3 significantly enhanced the network's performance, governance, and economic model, directly impacting GAS. Key developments include:
GAS is not mined through computational work like Bitcoin. It is generated through a process called GAS generation. The only way to "generate" new GAS is to hold NEO tokens in a wallet that supports GAS claims, such as the official NeoLine wallet or Neon Wallet. The generation rate is algorithmically determined and distributed to NEO holders proportionally to their stake. There is no active mining; it is a passive, staking-like reward mechanism for supporting the network by holding its governance token.
Securing your GAS involves securing the wallet where it is stored.
GAS is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC for higher liquidity and better customer support.
To minimize costs, traders should look for ""Maker/Taker"" fees.
BTCC - Stands out as one of the lowest-fee exchanges in the industry, particularly for derivatives. Futures trading fees can be as low as 0.01%, making it a preferred choice for high-frequency or high-volume traders who want to preserve their capital."
Buying GAS with TRY is supported by most major, regulated exchanges. The best platform depends on your deposit method:
BTCC- A reliable veteran exchange (operating since 2011) where you can easily deposit fiat currency via credit cards or bank transfers to buy USDT. Once your account is funded, you can instantly swap for GAS/USDT pairs.
To quickly convert GAS to TRY, you need a platform that offers “instant exchange” or “one-click sell” features.
The cryptocurrency calculator and exchange tool on BTCC provides instant valuations for exchanging GAS for TRY.
To help users understand the “real-world” value of Gas, BTCC allows you to compare your GAS balance to everyday items such as a monthly salary, an iPhone, or a barrel of crude oil. For new investors assessing their purchasing power, this contextual data is extremely valuable."
Trading GAS/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or GAS into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the GAS/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you believe the price will rise, place a buy order.
To Sell (Go Short): If you believe the price will fall, you can open a short position (available in derivatives trading like futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Center
Yes, absolutely. BTCC supports multiple ways to gain exposure to Gas(GAS) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Gas directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the GAS/TRY spot trading pair using market or limit orders, taking direct ownership of the GAS.
Trade GAS/TRY Futures: For more advanced strategies, you can trade GAS/TRY perpetual or dated futures contracts. This allows you to speculate on Gas's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your GAS to TRY conversion on BTCC:
Access your account by signing in, or create a new BTCC account if needed.
Go to the trading interface and select the GAS/TRY trading pair.
Input the specific amount of Gas you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the "Crypto Converter" section on our website or within the app.
Type the amount of GAS you want to convert into the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
The GAS/TRY exchange rate is the current market price at which 1 Gas(GAS) can be exchanged for TRY. In simpler terms, it tells you how many TRY one Gas is worth at any given moment.
Currently, one Gas is ₺51.99. The price of 1 Gas(GAS) in TRY is constantly changing due to the 24/7 nature of the global cryptocurrency market. To get the live, real-time price, please check the market data section at the top of our platform or visit our dedicated GAS to TRY converter.