Gas (GAS) is the utility token of the Neo blockchain, used to pay for transaction fees, deploy and execute smart contracts, interact with decentralised applications, and participate in network governance. It plays a crucial role in the network's resource allocation and governance mechanisms. The Neo platform, including its dual-token system of NEO and GAS, was created by Da Hongfei and Erik Zhang, with the project rebranding from AntShares to Neo in 2017.
