The chances are you’ve heard about NEO, often dubbed the Chinese Ethereum. Like its predecessor NEO is designed to act as a smart contract platform and has aim of trying to create the smart economy. Unlike Ethereum, NEO is actually comprised of two separate tokens, NEO and neoGAS (GAS). GAS has to be seen as fiat, let's say dollars, and NEO as a stock.
Although i consider both good investments my controversial (and complex) model supporting the purchase of GAS over NEO is broadly based on the following:
- So far GAS has been a utility token with no utility. With the dApps starting to pop up, the GAS will be the real utility.
-GAS current supply is 10 million coins and NEO supply is 65 million.
-1M gas gets created each month (approximately). If this supply does not meet demand accompanying the new dApps GAS price will go up.
Although i hold both NEO and GAS, I believe that the demand for GAS will outstrip the "mined" supply at least in the short/medium term, meaning GAS gains in that period will outstrip NEO gains, at which point i could sell and switch to NEO.
Although i consider both good investments my controversial (and complex) model supporting the purchase of GAS over NEO is broadly based on the following:
- So far GAS has been a utility token with no utility. With the dApps starting to pop up, the GAS will be the real utility.
-GAS current supply is 10 million coins and NEO supply is 65 million.
-1M gas gets created each month (approximately). If this supply does not meet demand accompanying the new dApps GAS price will go up.
Although i hold both NEO and GAS, I believe that the demand for GAS will outstrip the "mined" supply at least in the short/medium term, meaning GAS gains in that period will outstrip NEO gains, at which point i could sell and switch to NEO.