Lykke Exchange, the Swiss-based centralized exchange, has announced it is listing GAS, following on from its February listing of NEO. The exchange also outlined its plans for GAS distribution to platform users that hold NEO.
According to Lykke Exchange, it will distribute GAS accrued by users who leave their NEO on the exchange. Lykke has released the equation for GAS distribution to its users, which will take into account the total amount of GAS released monthly, the users’ total NEO holdings, and daily NEO holdings of all individual Lykke users.
Daily snapshots of user balances will occur at 1:00 pm (UTC), and GAS distribution will occur at the beginning of each month.
At the time of press, Lykke Exchange ranks 163th for trading with a volume of US $354,136, according to CoinMarketCap. Currently, Lykke offers 55 markets. NEO and GAS are both available in BTC, USD, and EUR trading pairs.
Note: Due to regulatory restrictions, Lykke cannot serve customers based in some countries, including the US, China, Canada, and Japan.
The full announcement can be found at the link below:
https://medium.com/lykke/lykke-lists-gas-and-allows-its-distribution-to-neo-holders-15fe4cf31f39
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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