About Gas

Gas is an essential contract resource in the Ethereum network. Every transaction in the network must include some gas, and the fee paid to miners is directly proportional to the gas used in each transaction. Through Gas tokens, users can tokenize gas, store it when it is cheap, and use it when it is expensive. The gas token is the first contract that allows users to utilize gas directly, enabling long-term banking and therefore controlling gas prices. In an eligible transaction, Gas tokens help a person save money while using an Ethereum network. Gas token takes advantage of the storage refund in the Ethereum network hence encouraging contracts. Because Ethereum provides a refund on deleting a storage element, the refund can pay for even half of the gas used by a contract transaction.