• how does binance distribute neo gas

    【Time:2024-10-03 08:09:02】
    Binance's distribution of NEO gas through smart contract technology The Binance network is built on a smart contract platform that allows for a secure and transparent distribution of NEO gas. This process involves the following steps: 1. Funding contract: The first step is to create a funding contract that allows users to purchase NEO gas. The contract is then sealed and deployed to the Binance network. 2. Tokenization: The NEO gas is tokenized into a digital token that can be exchanged for NEO. This token is then sold to the public. 3. Trading contract: The trading contract is used to purchase NEO gas. This contract is also sealed and deployed to the Binance network. 4. Gas delivery: The smart contract automatically delivers NEO gas to users who have fulfilled their contract. The gas delivery is done through a process called gas pumping. 5. Settlement: The smart contract automatically settles any outstanding contracts that were not fulfilled. This is done through a process called gas withdrawal. 6. Renewal: The smart contract automatically renews NEO gas supply if the contract expires. 7. Subscription contract: Users can purchase a subscription contract that allows them to access NEO gas at a discounted rate. The subscription contract is also sealed and deployed to the Binance network. 8. Gas delivery: The smart contract automatically delivers NEO gas to users who have fulfilled their contract. The gas delivery is done through a process called gas pumping. 9. Settlement: The smart contract automatically settles any outstanding contracts that were not fulfilled. This is done through a process called gas withdrawal. 10. Renewal: The smart contract automatically renews NEO gas supply if the contract expires. 11. Subscription contract: Users can purchase a subscription contract that allows them to access NEO gas at a discounted rate. The subscription contract is also sealed and deployed to the Binance network. 12. Gas delivery: The smart contract automatically delivers NEO gas to users who have fulfilled their contract. The gas delivery is done through a process called gas pumping. 13. Settlement: The smart contract automatically settles any outstanding contracts that were not fulfilled. This is done through a process called gas withdrawal. 14. Renewal: The smart contract automatically renews NEO gas supply if the contract expires. This smart contract technology allows Binance to distribute NEO gas securely and efficiently, while also providing users with a variety of financial products and services.

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