New coin added - GAS

GAS has been added as the 9th currency on CryptoGames (together with BTC, DASH, DOGE, ETH, LTC, PPC, STRAT and XMR). For those of you unfamiliar with GAS and the NEO Smart Economy, we’ve prepared a short introduction, aimed to help you getting to know the newest member of the  CryptoGames family of coins.

What is NEO, how does it relate to GAS?

The NEO Smart Economy consists of two native assets sharing a blockchain. NEO, the governance token, and GAS, the utility and fee token. Started in August 2016 (as AntShares/AntCoins) with an ICO, NEO aims to build a “smart economy”, which consists of digital identities, digital assets and smart contracts. For the latter feature, it’s often branded as “Chinese Ethereum”. While the comparison is near, there are a few main differences between NEO and ETH, most importantly, NEO offers compiling of smart contracts written in different languages (eg C#, C++, Java, JavaScript, Python), while Ethereum is limited to the JS-based Solidity language. The binary relation between NEO and GAS is another big difference to Ethereum, which only has one native token, ETH.

Both NEO and GAS have a maximum supply of 100,000,000 units. While the full amount of NEO was created in the genesis block, the supply of GAS started at 0. With each passing block, new GAS is being distributed to NEO holders, and thus added to the ecosystem. After roughly 22 years, GAS will reach its maximum supply, at which point 100M GAS will be in circulation, equaling 1-to-1 every NEO in circulation.


Why selecting GAS over NEO?

Some of you might have asked themselves why we opted to offer GAS instead of going with NEO. There are a few differences and advantages that made us pick GAS as the better option for a gambling coin. NEO, the governance token, gives you voting rights over the NEO Smart Economy. Also, with each block, holders of NEO gain a small reward that is paid out in GAS (as above mentioned, 1 NEO produces 1 GAS over the course of 22 years). Those features incentive owners of NEO to keep them in their own wallets, while GAS, the utility token, has no such incentives, GAS is meant to be spent. Also, unlike NEO, GAS can be divided up to 8 decimals, which allows us to offer more fitting limits for both wagering and transacting (NEO can only be transferred in full units, thus the minimum deposit/withdrawal would be 1 NEO, or over $100 at the time of writing).

I’m curious now, where can I learn more about NEO and GAS?

If you’re looking to further explore the NEO Smart Economy, here’s a list of links that you can use as a starting points:
-    Official website: https://neo.org/
-    Whitepaper: http://docs.neo.org/en-us/index.html
-    Bitcointalk thread: https://bitcointalk.org/index.php?topic=2057932.0
-    Reddit: https://www.reddit.com/r/NEO/

But most importantly: Catch the winning spirit!