If you got some Neo and dont know this coin this is some very helpful information and will allow you to get the most out of your investments!
NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided.
If you own NEO have a share of the neo network , you have the ability to vote/dictate how the Neo platform is structured in utilized
GAS is the fuel token for the realization of NEO network , it s utilized to pay those fees and are more useful for developers.
So again if you own NEO you’re holding shares of the NEO network which gets you a return in form of GAS, which is fuel.
If you are holding NEO , move your Neo to a wallet so you can claim GAS. ( GAS generated by the net can be claimed each 5 min and you dont need to keep client wallet open to produce it)
I like always official wallet so see last on https://neo.org/download but any wallet should produce Gas, just dont keep neo in exchanger if you dont read they will give you your share of GAS.
Binance exchange will reward you with Gas and not keep it for themselves. read it how binance distributes GAS to NEO holders.
When moving your Neo from a exchanger to a wallet only transfer whole numbers of Neo (plus transaction fee if there are some) Example: If you want to move 10 NEO and fee are 0.1 you need to withdraw 10.1 If you try to withdraw 10.5587, the 0.4587 additional NEO will be lost or go to exchanger.
