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How can I earn NEO Gas by holding NEO?

avatarHatcher HougaardDec 24, 2021 · 3 years ago3 answers

I would like to know how I can earn NEO Gas by holding NEO. Can you please explain the process and any requirements? Is it a passive income or do I need to take any actions?

How can I earn NEO Gas by holding NEO?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Earning NEO Gas by holding NEO is a great way to generate passive income. NEO Gas is the dividend-like token generated by holding NEO in your wallet. The amount of NEO Gas you earn depends on the number of NEO coins you hold and the duration of your holding. It's important to note that NEO Gas is not mined, but rather automatically generated by the NEO blockchain. So, the longer you hold NEO, the more NEO Gas you will accumulate. It's a simple and rewarding process that requires no additional actions on your part.
  • avatarDec 24, 2021 · 3 years ago
    To earn NEO Gas by holding NEO, you need to store your NEO coins in a compatible wallet. Some popular wallets that support NEO Gas generation include the official NEO wallet, NEON Wallet, and O3 Wallet. Make sure to choose a wallet that is secure and reputable. Once you have your NEO coins stored in a compatible wallet, you will start earning NEO Gas automatically. It's a passive income stream that requires no active participation from your side.
  • avatarDec 24, 2021 · 3 years ago
    At BYDFi, we believe in the power of passive income. Holding NEO is a great way to earn NEO Gas, which can be a valuable asset in the NEO ecosystem. By holding NEO, you not only support the network but also benefit from the generation of NEO Gas. It's a win-win situation. So, if you're looking for a passive income opportunity, consider holding NEO and start earning NEO Gas today!