This year NEO has shot up from $0.14 to about $35.00 making it one of, if not the top performing crypto currencies of the year. Often described as, "China's Ethereum", NEO, like Ethereum is designed for smart contracts, ICOs, and DApps. One of the unique parts of NEO is that the main currency is used for voting rights and ownership of the blockchain, while the fees associated with using the platform use the GAS currency. NEO automatically genearates dividends in the form of GAS continuously.
"GAS" which is a linked cryptocurrency that is needed to pay to run apps and execute contracts on the NEO platform. Currently GAS is trading at about $21.00. Every NEO that you own will automatically generate GAS in real time at a slow rate that at current exchange rates equates to about a 7.42% annual return. You can calculate the return of GAS based on the current NEO and GAS prices here:
To access your GAS you generally want to store you GAS in a wallet like NEON rather than in an exchange. While bitnance.com does promise to update your account with GAS daily, NEO on Bittrex generates no GAS at all. Currently the Nano S ledger has NEO support but Trezor does not. I recommend the NEON wallet for storing NEO which is here: http://neonwallet.com/.
Once you have your NEO wallet set up you can claim your gas any time by clicking the "Claim GAS" button
In theory you can even take your GAS to an exchange and trade it back for NEO to generate compound interest. The idea of a coin that pays a dividend, and the separate of voting power and ownership of the network from the currency used to pay fees and use the network is one of the major things that makes NEO unique, but it is also a bit confusing to new users. I hope this helps!
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Super helpful, Thank you
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Great post! Keep i up
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