How does the amount of NEO GAS earned differ between Binance and Kucoin?

3 answers

• Dec 28, 2021 · 3 years ago
  When it comes to earning NEO GAS, both Binance and Kucoin follow a similar principle. NEO GAS is generated as a byproduct of holding NEO in a wallet. However, the specific calculation methods may vary between the two exchanges. Binance calculates the amount of NEO GAS earned based on the average daily NEO balance held by users on their platform. On the other hand, Kucoin calculates the amount of NEO GAS earned based on the NEO balance held by users at a specific snapshot time each day. Therefore, the amount of NEO GAS earned on each platform may differ due to the difference in calculation methods.
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• Dec 28, 2021 · 3 years ago
  The amount of NEO GAS earned on Binance and Kucoin can also be influenced by factors such as the total NEO supply on each exchange, the number of users holding NEO, and the trading volume of NEO. Higher NEO supply and more users holding NEO can result in a higher amount of NEO GAS generated. Additionally, higher trading volume of NEO can also contribute to more NEO GAS being earned. It's important to note that these factors can fluctuate over time, so the amount of NEO GAS earned on each platform may vary.
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• Dec 28, 2021 · 3 years ago
  From my experience at BYDFi, another digital currency exchange, I can say that the amount of NEO GAS earned can also depend on the specific policies and incentives offered by each exchange. Some exchanges may offer additional rewards or bonuses for holding NEO, which can increase the amount of NEO GAS earned. It's always a good idea to check the specific details and policies of each exchange to understand how they calculate and distribute NEO GAS to their users.
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