Do I receive GAS if I have NEO stored on my hosted wallet?

If you store NEO on your hosted wallet you will receive GAS on a monthly basis. This process is explained in more detail below:

  1. Every day at a fixed time we determine how much NEO every user has in his wallet. All of these daily values are added up at the end of the month.
  2. At the end of the month we look at how much GAS has been produced by all the NEO from the users at Bitvavo.
  3. The produced GAS will be distributed evenly among the users that have NEO in their hosted wallets.

For illustrative purposes, please note the example below:

  • In a certain month user A had 50 NEO for one day, 100 NEO for two days and no NEO in his hosted wallet at Bitvavo on the other days. In total, User A has had 250 NEO during this month.
  • The total of NEO stored per day by all Bitvavo users is 500.000.
  • The total produced GAS that will be distributed is 1.000.
  • User A would get 250/500.000*1.000=0,5 GAS

The distribution of GAS will be added to your hosted wallet on the first calendar week of the month.

How did we do?

Powered by HelpDocs (opens in a new tab)

Powered by HelpDocs (opens in a new tab)