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Can you explain how to claim GAS on NEO?

avatarSoumya Ranjan MohantyDec 24, 2021 · 3 years ago3 answers

I'm new to NEO and I've heard about claiming GAS. Can you please explain how to claim GAS on NEO? What are the steps involved and is there any specific requirement to claim GAS?

Can you explain how to claim GAS on NEO?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Sure! Claiming GAS on NEO is a process that allows NEO holders to earn GAS tokens as a reward for holding NEO. To claim GAS, you need to store your NEO in a compatible wallet, such as the official NEO wallet or a hardware wallet like Ledger. Once you have your NEO stored in a compatible wallet, you simply need to wait for the GAS to accumulate. GAS is generated at a rate of 8 GAS per block and is distributed proportionally to NEO holders. You can claim your accumulated GAS by using the claim function in your wallet. It's important to note that you can only claim GAS for NEO that has been in your wallet for at least 8 hours. So, make sure to keep your NEO in the wallet for the required duration to maximize your GAS rewards!
  • avatarDec 24, 2021 · 3 years ago
    Claiming GAS on NEO is a straightforward process. First, you need to ensure that you have NEO tokens in your wallet. Then, you can use a compatible wallet, such as the official NEO wallet or a third-party wallet that supports NEO, to claim your GAS. Simply open your wallet and look for the claim function. Click on the claim button, and the wallet will automatically calculate and distribute the GAS tokens to your address based on your NEO holdings. It's important to note that the amount of GAS you can claim depends on the number of NEO tokens you hold and the duration for which you have held them. So, the longer you hold your NEO, the more GAS you can claim!
  • avatarDec 24, 2021 · 3 years ago
    To claim GAS on NEO, you can use the BYDFi exchange. BYDFi is a popular exchange that supports NEO and allows users to easily claim their GAS rewards. Simply create an account on BYDFi, deposit your NEO tokens, and wait for the GAS to accumulate. Once you have accumulated enough GAS, you can claim it through the platform's user-friendly interface. BYDFi also provides detailed instructions on how to claim GAS on their website, so you can refer to their documentation for step-by-step guidance. Remember to keep your NEO tokens in the BYDFi wallet for at least 8 hours to be eligible for GAS rewards. Happy claiming!