Ok, I'm not understanding how GAS can be more valuable of a coin than the company/platform that creates it. I mean, I see how it could happen because it just happened, it surpassed NEO, but how is this not a huge, artificial pump? How would the long-term value of GAS be higher than it's 'father' coin? When GAS is used on NEO's blockchain to fund transactions and so on, it will be redistributed right? What am I missing? I was about the 6th trade placed on Binance and it tanked and sold 80% of my GAS because I thought .0023 was a reasonable number after looking at the ratio of NEO to GAS set forth by the developers. But I'm starting to see that that ratio is entirely unhelpful when projecting the value potential of GAS. I'm a bit befuddled. Anyone else? Lastly, if NEO share holders are able to vote on the price of GAS, couldn't that be a huge detriment to the value of GAS later on? I'm looking for long-term value, not a day trader here, but curious about the ins and outs of this interesting coin.
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It's not an artificial pump, it was actually (for the most part) someone buying up all the supply for 2 days (it's a hyposesis but look at the chart, it can't be otherwise) but he didn't do it to pump it, he just knew how valuable GAS is. What's more important is that people didn't understand it's purpose until 24 hours or so ago. Then everyone rushed to jump in and this happened.
And it's not more expensive than NEO, marketcap-wise it's about 1/15th it's value because of the decreased supply (it's supply will grow but it will take some years before it's even close to NEO's).
Also, noone can vote on the value of a coin. It's value comes from the demand people create.
Great post. Thank you for taking the time. Would you happen to have any math that backs the fact that gas is undervalued?