For those that don’t know GAS is part of the dual token system of the smart economy. The big daddy, NEO, is more of a stake in the smart economy and GAS is the fuel that drives it. As they both are strongly correlated it seems the price fluctuation between the two are minimal hovering around the 0.45 - 0.35 GAS/NEO ratio but heres some food for thought:
The hugely anticipated token sale of NEX (NeonExchange) could actually be a driving force for GAS prices to increase, heres why…
For the first time GAS can be utilised to buy NEX tokens, a welcome change from spending our precious NEO! Now, lets imagine the price of NEO reaches (hypothetically) $201 by the time NEX is selling its tokens and demand for this particular ICO is high. The max contribution is $1,000 so what does this mean? You think people are going to just send 4 NEO equating to $804? The indivisibility leaves NEO holders at a disadvantage as those with GAS can send the precise amount buying exactly $1,000 worth…
I’ve been scooping up gas at these low prices in preparation, as (If NEO reaches an awkward value when the ICO starts) I can see everyone getting the same idea and trading in their NEO too…
