> For the complete documentation index, see [llms.txt](https://docs.everstake.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.everstake.com/staking-docs/procotols/neo-neo.md).
# Neo (NEO)
### What is Neo?
> **Neo** is an open-source, community-driven blockchain platform designed to build a **smart economy** by enabling the digitization, management, and automation of assets through smart contracts.
### How to stake Neo?
{% hint style="info" %}
Validator Name: Everstake
Validator Address: [NZ9rkPKcDQqH6bffyYqU6yd5A2cUvuDLUw](https://governance.neo.org/#/candidate?publickey=035d574cc6a904e82dfd82d7f6fc9c2ca042d4410a4910ecc8c07a07db49dc6513)
Commission: 0%
{% endhint %}
Neo Staking Manual
## OneGate voting guide
#### Step 1: Creating OneGate Wallet
Visit [OneGate](https://onegate.space/) and download the app. Open the app and tap “Create a new wallet”.
Pick a name for your wallet and tap “Continue”.
Write down and verify a recovery phrase as suggested by OneGate. This phrase will later be used to access your wallet.
Create a password for your wallet.
Wallet successfully created! Deposit some NEO and GAS tokens on your address to start participating in the N3 Governance dApp.
#### Step 2: Voting
Tap “Store” on the lower panel and open the N3 Governance dApp.
Scroll down the Governance page and find a candidate you’d like to vote for in the candidates list.
Tap on your candidate. Here you can learn more about the node candidate and vote. Tap on the big green “Vote” button.
Governance dApp will show the estimated 24 hr GAS generation while voting for the node candidate. Confirm your vote by tapping “Vote Now”.
Tap “Continue” to sign the transaction. A small GAS fee will apply, but your NEO tokens will stay in your wallet and won’t be sent anywhere.
All done. Just wait for a few seconds and refresh/reopen the Governance page. It will now show your current vote and the estimated 24 hr GAS generation.
#### Conclusion
### Where can I stake Neo?
You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information
| Wallet Type | Wallet Name |
| ----------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Web** | Neon Wallet
Q3 Wallet
N3 Governance
|
| **Mobile** | [OneGate](https://everstake.one/blog/onegate-voting-guide-neo-n3-governance-in-your-pocket) |
### Staking Details
| Term | Description |
| --------------------------------- | ----------------------------------------------------------- |
| **Epoch duration** | 21 block (around 5 minutes) |
| **Everstake fee** | 0.00% |
| **Auto-compounding** | Yes |
| **Fee to activate the wallet** | 0.000001 NEO |
| **First reward info** | Immediately |
| **Reward frequency** | Per epoch |
| **Min amount of stake** | No limitations |
| **Unstaking period** | None |
| **Stake (de)activation time** | None |
| **Re-delegating activation time** | None |
| **Last Reward** | Last rewards earned before unstaking |
| **Self-Bond** | None |
| **Active set** | None |
| **Slashing** | No automated slashing currently implemented in the protocol |
### Why Everstake?
* Everstake is a leading staking service provider, trusted by over 1.6M users across 130+ blockchain networks. Our extensive involvement extends across various crypto projects, actively supporting the health of the ecosystems we endorse. Throughout our journey, we've upheld an outstanding record in preventing slashing, ensuring uptime, and delivering optimal performance
* Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security
### Everstake Participation
> As a dedicated participant in the Neo N3 ecosystem, Everstake proudly serves as an elected Council Member, contributing to the governance and strategic development of the network. Our role on the Neo Council allows us to help maintain network stability, and support the overall decentralization of the blockchain. By leveraging our technical expertise and operational experience, we ensure that Neo’s consensus mechanism functions securely and efficiently, while also advocating for initiatives that strengthen the ecosystem for both developers and token holders.
>
> Serving on the Council also enables Everstake to participate directly in voting rewards distribution, reflecting our commitment to transparent, community-driven governance and aligning our incentives with the long-term growth of Neo.
### FAQ
Neo Explorers
* [Neo Explorer](https://governance.neo.org/#/)
What is NEO?
NEO is the governance and ownership token of the Neo blockchain. It allows holders to vote for consensus nodes, participate in governance decisions, and influence network upgrades. NEO is indivisible (1 NEO is the minimum unit) and has a fixed supply of 100 million tokens, ensuring scarcity. While NEO itself is not used to pay transaction fees, holding NEO generates GAS, the utility token used to pay for transactions and smart contract execution on the Neo network. Essentially, NEO represents ownership and control within the Neo ecosystem.
Neo Tokenomics
**1. Token Types (Dual-Token System)**
* **NEO** – The governance and ownership token:
* **Purpose:** Voting on consensus nodes, governance proposals, and participating in the Neo Council.
* **Divisibility:** Indivisible (cannot be split; 1 NEO is the minimum unit).
* **Total supply:** 100 million NEO (fixed).
* **GAS** – The utility token:
* **Purpose:** Pay transaction fees, deploy and execute smart contracts.
* **Generation:** GAS is generated continuously by holding NEO; distributed per block.
* **Max supply:** Capped, gradually decreasing issuance over time until \~22 years after N3 launch.
**2. Consensus & Rewards**
* Neo uses **Delegated Byzantine Fault Tolerance (dBFT)**.
* GAS generated per block (5 GAS) is split:
* 10% → all NEO holders
* 80% → voters who voted for elected nodes
* 10% → Neo Council / consensus nodes
* Voting rewards are calculated every **epoch (21 blocks, \~5 minutes)**.
**3. Key Features of Tokenomics**
* **Fixed supply of NEO:** Ensures scarcity.
* **GAS as incentive:** Encourages active participation in governance and staking via voting.
* **Dual-role system:** NEO drives governance, GAS drives utility.
* **Immediate activation/deactivation:** Voting and GAS rewards begin accruing instantly; NEO is never locked.
**4. Ecosystem Use Cases**
* Governance: Voting on nodes, Neo Council decisions, protocol parameters.
* Transactions: GAS is used to pay fees for transfers and smart contract execution.
* Participation: NEO holders can earn GAS by voting for elected nodes or council members.
How Everstake deduces validator fee?
“Validator fee” refers to the rewards received by Validator for participating in the Blockchain network Validation process. Everstake determines the validator fee through a process involving analysis and consideration of various factors, such as network requirements, operational costs, and market dynamics.
Control over User's Funds
Validators don't have control over users' funds in blockchain networks. Instead, they validate transactions and participate in the consensus process based on the rules defined by the network protocol. Users retain control over their funds through private keys, which are used to sign transactions and authorize transfers. Validators' roles involve confirming the validity of transactions and blocks, but they don't have the authority to access or manipulate users' funds.
Rewards Distribution
**NEO Reward Distribution Overview**
1. **GAS generation:**
* Each new block produces **5 GAS tokens**.
2. **Distribution breakdown per block:**
* **10%** → All NEO holders (proportional to holdings, regardless of voting)
* **80%** → Voters (those who voted for elected consensus nodes/council members)
* **10%** → Elected consensus nodes / Neo Council members
3. **Voting requirement:**
* To earn the **largest share (80%)**, NEO holders must **vote for candidates** (nodes or council members).
* Your rewards accrue per **epoch (21 blocks, \~5 minutes)**.
4. **Claiming rewards:**
* GAS rewards are **continuously accruing** and can be claimed at any time.
* Even unvoted NEO earns the smaller 10% holder share.
---
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