Gas

Gas is one of two native tokens on the Neo blockchain, a layer-1 smart contract platform developed by the Neo Foundation. It serves as the fuel for the network, covering the cost of running transactions and deploying smart contracts on Neo. In this sense it addresses the need for a dedicated fee-payment medium that keeps ordinary Neo token holders insulated from day-to-day transaction costs.

Neo uses a Proof of Stake consensus model in which block-production rights are tied to the quantity of tokens a participant holds rather than to computational work. Gas is generated and distributed to Neo holders over time as compensation for participating in network security, with the emission rate designed to decrease gradually according to the protocol's issuance schedule. Gas then circulates as the currency users spend whenever they interact with contracts or move assets on-chain.

Gas tokens are paid by users as transaction fees on the Neo network, making every on-chain interaction a source of fee flow denominated in Gas. The circulating supply stands at roughly 65,093,580 Gas, and the supply-issued figure is recorded at 100 percent, meaning no additional supply is pending from any scheduled unlock or future issuance, as shown by a dilution overhang of 0 percent and a supply-pending figure of 0 percent, both point-in-time readings. The fully diluted valuation equals the market capitalization at the current moment, consistent with the entire intended supply already being in circulation. No separate protocol treasury fee-capture mechanism is described in the available data.