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How much gas can I expect to receive for every NEO I hold on Kucoin?

avatarShilpashreeMM ShivakumarDec 26, 2021 · 3 years ago3 answers

I am holding NEO on Kucoin and I am wondering how much gas I can expect to receive for each NEO I hold. Can you provide me with the details on the gas distribution and how it works on Kucoin?

How much gas can I expect to receive for every NEO I hold on Kucoin?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When you hold NEO on Kucoin, you will receive GAS as a passive income. The amount of GAS you receive depends on the number of NEO you hold and the duration of your holding. Kucoin distributes GAS to NEO holders on a daily basis. The exact amount of GAS you receive per NEO is determined by the total amount of GAS generated by the NEO network and the proportion of NEO you hold compared to the total NEO held on Kucoin. So, the more NEO you hold and the longer you hold it, the more GAS you can expect to receive.
  • avatarDec 26, 2021 · 3 years ago
    GAS is the fuel of the NEO blockchain and is used to power transactions and smart contracts. By holding NEO on Kucoin, you are essentially contributing to the NEO network and in return, you are rewarded with GAS. The distribution of GAS on Kucoin is automatic and you don't need to do anything to receive it. Just make sure to keep your NEO in your Kucoin wallet and you will receive GAS regularly.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, provides NEO holders on Kucoin with a fair and transparent distribution of GAS. The amount of GAS you receive for each NEO you hold is calculated based on the daily GAS generated by the NEO network and the proportion of NEO you hold compared to the total NEO held on Kucoin. This ensures that you are rewarded fairly for your contribution to the NEO network. So, the more NEO you hold, the more GAS you can expect to receive on Kucoin.