Neo Gas (GAS): tokenomics, risks and score
The fee token of the Neo network, generated automatically by holding NEO, in the two token model that Ontology later copied.
What Neo Gas is, and what it does
This is infrastructure. Other applications depend on it for something they cannot easily do themselves, such as price data, indexing, storage or identity.
What the GAS token itself does: It captures no protocol revenue. Any value rests on governance rights, on speculation, or on a change that has not happened yet.
Where it runs: Neo. Mechanism: Fee token generated by holding NEO. It has been running since 2016, so roughly 10 years.
The facts
- TICKER
- GAS
- SECTOR
- Infrastructure
- CHAIN
- Neo
- LAUNCHED
- 2016, so around 10 years of operating history
- MECHANISM
- Fee token generated by holding NEO
- MAXIMUM SUPPLY
- 100 million
- VALUE CAPTURE
- None
- UPGRADE CONTROL
- Team controlled
- VESTING
- In progress
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. The token captures no protocol revenue. Any value rests on governance rights, speculation, or future changes that have not happened yet.
The founding team retains control over upgrades or parameters. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- Has operated for around 10 years and through at least one full bear market
- Supply is capped, so holders are not diluted indefinitely
- Audited, with published reports
- Fully open source, so the code can be independently reviewed
- Heavily concentrated ownership means a few wallets control the outcome
- The token captures no protocol revenue, so its value rests on sentiment
- Upgrade control sits with a small group, so the rules can change
- Thin liquidity. Check order book depth before assuming you can exit
Incident history
No major exploit, collapse or regulatory action on record against this asset.
Our read
The main risk
Demand depends on Neo network usage, which has been minimal for years.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.