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How does NEO mine YI coins How can newbies get nXiaoyi coins

Date:2024-04-19 18:57:13 Channel:Exchange Read:
In today's digital currency trend, NEO is a high-profile member and its mining skills have attracted much attention. For novices, how to easily obtain Yi coins is a topic of great concern. This article will provide an in-depth analysis of NEO mining techniques and provide practical suggestions for newbies to obtain Yi coins.
As a smart economic blockchain, NEO's mining method is different from traditional mining methods. In the NEO network, holders can obtain "Gas" by holding NEO tokens. This mechanism makes NEO mining focus more on long-term holdings rather than a simple computing power competition. For newbies, it is crucial to understand how to mine NEO and obtain YI coins.
First of all, to obtain Xiaoyi coins, novices need to have a certain number of NEO tokens. The mining method of NEO is based on the holding reward mechanism. Holding more NEO tokens means you can get more Gas. Therefore, newbies need to purchase a certain amount of NEO tokens through the exchange and store them in a wallet that supports Gas distribution.
Secondly, choosing the right wallet is also the key to obtaining Yi coins. There are many wallets on the market that support NEO Gas distribution, such as NEON wallet, O3 wallet, etc. Newbies should choose a safe, reliable, and user-friendly wallet to ensure the safety of their assets.
In addition to holding NEO tokens and choosing a suitable wallet, novices can also obtain Xiaoyi coins by participating in NEO ecological projects. There are many NEO ecological projects, such as participating in NEO blockchain games, investing in NEO ecological ICO projects, etc., which are all ways to obtain Gas. By actively participating in these projects, novices can not only earn Yi coins, but also gain a deeper understanding of NEO's ecosystem.
In addition, novices can also participate in the governance of the NEO network by holding NEO tokens and receive Gas rewards. The NEO community encourages holders to actively participate in the governance of the network, participate in NEO's decision-making process through voting, proposals, etc., and receive Gas as rewards. This participatory mining method can not only obtain Gas rewards, but also promote the development of the NEO community.
In general, NEO’s mining method focuses on long-term holding and participation in ecological construction. If newbies want to obtain Xiaoyi coins, in addition to holding a certain number of NEO tokens, they also need to choose a suitable wallet, participate in ecological projects, and actively participate in network governance. Through these ways, novices can easily obtain YI coins while deepening their understanding of and participation in the NEO ecosystem.
In the field of digital currency, NEO’s mining skills have always attracted much attention. For novices, obtaining Yi coins is a topic worth discussing. Through the in-depth analysis of this article, I believe readers will have a clearer understanding of how to mine NEO and obtain Yi coins. I hope that newbies can better understand and utilize NEO, an excellent blockchain project, through continuous learning and participation.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

How to mine NEO? How can newbies get nXiaoyi coins? NEO is a non-profit community-based blockchain project. It is a distributed network that uses blockchain technology and digital identity to digitize assets, uses smart contracts to automatically manage digital assets, and realizes a "smart economy". Therefore, Yicoin does not require mining. NEO’s 100 million management tokens are divided into two parts, the first part is 50 million shares
NEO is used to distribute to supporters of NEO development funding crowdfunding in rounds and proportions, and this part has been distributed.

The second part of 50 million copies is managed by the NEO Council to support the long-term development, operation and maintenance, and ecological development of the NEO network. This part of NEO is in a lock-up period, in October 2017
On the 16th, the NEO network can be unlocked and used after it has been running for one year. This part of NEO will not be traded on the exchange, but will only be used to support the NEO project in the long term. It is planned to be allocated and used in the following proportions:

10 million copies (10% of the total) are used to incentivize NEO developers and NEO Council members

10 million copies (10% of the total) will be used to incentivize NEO peripheral ecological developers

15 million shares (15% of the total) are used for cross-investment in other blockchain projects. The tokens obtained belong to the NEO Council and are only used for NEO projects.

15 million copies (15% of the total) for mobile use

In principle, the number of NEO used per year shall not exceed 15 million copies

Distribution of GAS:

GAS is generated with each new block. The initial total amount of GAS is zero, and gradually increases with the generation of new blocks until it reaches the upper limit of 100 million in about 22 years. NEO
The interval between each block is about 15-20 seconds, and 2 million blocks equals about 1 year.

In the first year (actually 0-2 million blocks), 8 GAS are newly generated in each block; in the second year (actually 2-4 million blocks), 7 new GAS are generated in each block.
GAS; and so on, decreasing by 1 GAS every year until it decreases to 1 new GAS per block in the 8th year; from then on, 1 new GAS is generated per block until about 22
At the 44 millionth block after the year, when the total amount of GAS reaches 100 million, GAS will stop being generated with new blocks.

According to such an issuance curve, 16% of GAS will be created in the first year, 52% of GAS will be created in the first 4 years, and 80% of GAS will be created in the first 12 years. these
GAS will be recorded on the corresponding address according to the holding ratio of NEO. NEO holders can initiate a claim transaction at any time to claim these GAS to the NEO address.

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