NeoGas and SGas: NEO blockchain tokens
The NeoGAS token is one of two native currencies (NEO and NeoGas) integrated into the community non-profit project. NEOGas (original name ANC) is a kind of fuel token. Its largest circulation is 100 million and the minimum unit is 0.00000001 unit. The NeoGAS token is used to implement the resource control system for the NEO network.
To achieve economic incentives and prevent resource abuse, the NEO network must charge a certain amount of GAS for the transfer of tokens or the operation and storage of smart contracts so as to obtain reasonable resource allocation. As a digital currency, NEOGas has the common character of traditional digital currency in addition topaying the costs of using the NEO network, it can be transferred, registered, valued and traded on an exchange.
The SGas token is a kind of NEP5 asset, linked to NeoGas In the ratio of 1:1. The value of an SGAS token is therefore always equal to the value of the NeoGAS token. The two tokens can be converted into each other, which is similar to an automated token exchange machine. When players invest in GAS, they receive SGas NEP5 tokens. They can use SGas for purchases, and even exchange SGas for NeoGas. The SGas itself, as an intermediate token for some games and a full-fledged cryptocurrency, plays the role of transition and connection.