What is the difference in the amount of NEO GAS paid by Binance and Kucoin?
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Can you explain the difference in the amount of NEO GAS paid by Binance and Kucoin? I'm curious to know if there are any variations in the amount of NEO GAS received when trading on these two exchanges.
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3 answers
- When it comes to the amount of NEO GAS paid by Binance and Kucoin, there might be slight variations due to the way each exchange handles GAS distribution. Binance, for example, distributes GAS to NEO holders on a monthly basis, while Kucoin distributes GAS on a daily basis. This means that the amount of GAS received on Binance might be higher than that on Kucoin if you hold NEO for the entire month. However, it's important to note that the difference in GAS amount is usually minimal and shouldn't significantly impact your overall earnings.
Feb 19, 2022 · 3 years ago
- The difference in the amount of NEO GAS paid by Binance and Kucoin is primarily due to their different GAS distribution schedules. Binance distributes GAS once a month, while Kucoin distributes GAS on a daily basis. This means that if you hold NEO on Binance for the entire month, you will receive a lump sum of GAS at the end of the month. On the other hand, if you hold NEO on Kucoin, you will receive smaller daily distributions of GAS. In terms of the total amount of GAS received, it may vary slightly depending on the market conditions and the number of NEO holders on each exchange.
Feb 19, 2022 · 3 years ago
- According to my research, Binance and Kucoin have different approaches when it comes to distributing NEO GAS. Binance distributes GAS once a month, while Kucoin distributes GAS on a daily basis. This means that if you hold NEO on Binance, you will receive a larger amount of GAS at once, whereas if you hold NEO on Kucoin, you will receive smaller daily distributions. It's worth noting that the actual amount of GAS received may vary depending on factors such as the total NEO holdings on each exchange and market conditions. So, it's always a good idea to check the specific GAS distribution policies of each exchange before making any decisions.
Feb 19, 2022 · 3 years ago
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