In the Wild West of crypto exchange.. by bearbear613

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· @bearbear613 ·
$1.31
In the Wild West of crypto exchange..
In the Wild West of crypto there are multiple ways of getting screwed. Forget hackers and  key exploits; that’s out of my ability to detect. I’m talking about straight out theft.

![66FD58B9-99A3-401E-910B-F5FB6F0F77F0.jpeg](https://steemitimages.com/DQmV5jyEkWvam9VGi78KQuGxA7hRSP6gbd4HoMcj2oSgPGX/66FD58B9-99A3-401E-910B-F5FB6F0F77F0.jpeg)

Neo is a platform that uses GAS for transactions. The more NEO you have, the more GAS it generates. It’s like a dividend for holding NEO. There’s even a dedicated website to calculate how much GAS will be produced when you hold NEO.

https://neotogas.com 

![0B787806-596A-454A-80C6-459DCB4AD784.jpeg](https://steemitimages.com/DQmPRj8Cho4JnEg3SuY8GpYuycm1RhN3Fh7pyPCxcezNbG2/0B787806-596A-454A-80C6-459DCB4AD784.jpeg)

Punch in the amount of NEO you have and you will see how much GAS you will potentially produce. The main caveat is that the NEO needs to sit on a wallet. Still been looking for a good one on iOS but there are plenty of desktop wallets and android wallets available.

Bittrex is a good example of collecting your GAS and not offering it on their exchange. Free money for them; your hard earned crypto. It’s not a cool practice to say the least.
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vote details (15)
@loganread ·
good to know...thanks....
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