CoinSpot opens personal NEO/GAS wallet addresses for users
Australian NEO fans might have something to look forward to.
CoinSpot, one of Australia’s most popular exchanges by virtue of its wide selection and AUD pairs, has introduced individual user wallets for NEO and GAS. It was the first platform in the world to offer AUD/NEO pairs, but this update adds an important and hard-to-find level of functionality.
What’s so good about it?
NEO, sometimes called the Ethereum of China, is a distinctive coin that can pay ongoing dividends to its users. These dividends take the form of GAS, which is used to power the NEO system much like Ethereum runs on Ether. Its potential applications mean GAS has become a separate valuable and widely-traded cryptocurrency in its own right.
But much like airdrops and forks, exchanges won’t always pass the dividends on to customers. This is because they tend to operate bulk wallets of their own on behalf of customers. As such any dividends technically go to the exchange, who can then choose whether or not to pass it onto the rightful customers. Some do, many don’t.
For the sake of feasibility, these deposits are usually done rarely. CoinSpot, for example, does it monthly.
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