I'm sure this has been writtten about before but it's very important. I still have friends keeping NEO in Bittrex because they still didn't know this!
If you are holding NEO in exchanges like Bittrex or many others - you may want to consider moving your NEO to Binance.
Binance issue you GAS for holding NEO on a regular basis. GAS is well undervalued currently !! Many other exchanges KEEP your GAS!
All NEO holders on Binance will get GAS which is produced by NEO monthly. The details are as follows.
- Statistical Method
GAS distribution number = total distribution number of GAS * NEO holder position ratio (with 8 digits after the decimal point)
NEO holders position ratio = sum of daily position number for NEO holders/ sum of daily position number for all NEO users
The daily position number is based on daily snapshot of NEO.
- Distribution Time
Before 12am. of the second nature day in every month.
The statistics will start at the day one of Binance. The time of the first snapshot is 8am. on July 14th, 2017.
- Demonstration of the Rule
User A is in the scope of statistics, and A hold NEO for three days which have 30, 300 and 60 respectively. Therefore, the sum of daily NEO position is 390.
Assume that the total distribution number of GAS is 1000 in this month, and sum of daily position number for all NEO users is 600000;
Thus, the actual distribution number of user A = 1000*390/600000=0.65
So please check the terms of the exchange you store your NEO as it's possible they are keeping your GAS!!
Hope this helps some NEO holders out there! HODL HODL HODL!
You can use:
to find out how much GAS you will earn just from hodling your NEO.