NEAR
Near Protocol
NEAR

Near Protocol price

in AED
AED10.24
-- (--)
AED
Last updated on --.

About Near Protocol

NEAR Protocol (ticker: NEAR) is a cryptocurrency designed to power the NEAR blockchain ecosystem, which focuses on scalability, user-friendliness, and enabling decentralized applications (dApps). It is built on a cutting-edge technology called sharding, which dynamically splits the network to handle high transaction volumes efficiently. This makes NEAR fast, cost-effective, and environmentally friendly. NEAR is used for transaction fees, staking to secure the network, and governance participation, allowing holders to vote on network upgrades. Its ecosystem supports AI integration, cross-chain liquidity, and decentralized finance (DeFi) innovations, positioning NEAR as a versatile tool for developers and users. With its focus on accessibility and scalability, NEAR is paving the way for a decentralized future.
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Last audit: Jun 1, 2020, (UTC+8)

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Near Protocol’s price performance

Past year
-46.46%
AED19.14
3 months
-4.09%
AED10.69
30 days
+14.66%
AED8.94
7 days
+47.12%
AED6.97
60%
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More people are buying NEAR than selling on OKX
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Near Protocol on socials

0xdahua｜大华 🎮.edge🦭
0xdahua｜大华 🎮.edge🦭
Let's continue to talk about "@moremarketsxyz" It is still in beta, and liquidity is released on a cyclical basis, which means it cannot be withdrawn at any time, and it needs to wait for the end of a round. This stage is mainly to ensure the unified operation and capital efficiency of the strategy, and may become flexible later. The risk point is mainly XRP's price volatility, which has the potential to trigger liquidations if the decline is too large in a short period of time. However, a relatively low LTV is set as a buffer, and the team will adjust parameters according to market conditions to control risks. As for the security of the contract and MPC, some claim to be auditing, and it stands to reason that it will be made public after completion. The design idea is not complicated, nor is it to build a cross-chain bridge, but to bring non-EVM chain assets into existing DeFi strategies. The core group of the service is actually the group of users who still hold XRP but have little exposure to DeFi. If this model can be replicated to more chains in the future, such as BTC, it is actually a good tool layer for off-chain users. @KaitoAI #KaitoAI
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0xdahua｜大华 🎮.edge🦭
0xdahua｜大华 🎮.edge🦭
New projects are coming! New projects are coming! Implement the mouth to the end, and I have to write ten or eight more! "@moremarketsxyz" still starts with Kaito's collaboration! A total of 25 million $MORE of incentive pools will be distributed to the top 250 contributors and the Kaito ecosystem. It uses a similar points ranking model, with half of the rewards released at TGE and the rest linearly released. I took a moment to put their core product, mainly the XRP Earn Account. It is to allow XRP to participate in DeFi strategies on Ethereum without leaving the XRP Ledger. Technically, NEAR's MPC network controls a vault on the XRPL. XRP doesn't move, mapping a moreXRP to Ethereum. Then use moreXRP collateral to borrow RLUSD, and then put RLUSD on Aave to earn interest. Earnings are settled weekly, and XRP is automatically exchanged back to the XRPL wallet, eliminating the need for users to interact with too many operations throughout the process. The experience is okay, and the process is packaged into automated intent interactions. There are many fewer steps for traditional DeFi users to manually sign and operate. The earnings come from the interest rate on RLUSD on Aave, which is currently almost 10% annualized. Because the entire strategy only borrows 50% of the collateral, you can actually get an APY of just over 5%. The structure is relatively conservative, without engaging in fancy combination strategies, nor pursuing high-risk returns. ➬ Save flow: write first as respect! @KaitoAI #KaitoAI
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Calysta Bascus
Calysta Bascus
Keep pushing forward. From deposit to profit—just one trade. This moment is yours! - ⬇️ $HBAR $ICP $APT $NEAR $RUNE $LDO $MNT $OP $IMX $VET $GRT $INJ $BUSD $ARB $FTT $BTC $ETH $SOL
3.59K
0
YERAW RAMOS 🚀
YERAW RAMOS 🚀
$PEOPLE 🆕 LONG LEV 50x Entry : 0.01400 - 0.01350                 TP 0.01460 0.01510 0.01620 SL : 0.01320 $ZEC $BDX $PENGU $ZERA $NEAR $ICP $FIL $AIA $FET $BTC $DASH $ORE $ETH $TAO $TIA
3.37K
0
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Near Protocol FAQ

Near Protocol is a cutting-edge Layer 1 blockchain platform, known for its scalability and rapid transactions, courtesy of its sharding mechanism.

Near Protocol incorporates sharding, a technique that divides the network into smaller segments (or shards), thereby optimizing transaction speeds and overall network performance.

Easily buy NEAR tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include NEAR/BTC, NEAR/USDC and NEAR/USDT.

You can also buy NEAR with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for NEAR with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into NEAR, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Near Protocol is worth AED10.24. For answers and insight into Near Protocol's price action, you're in the right place. Explore the latest Near Protocol charts and trade responsibly with OKX.
Cryptocurrencies, such as Near Protocol, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Near Protocol have been created as well.
Check out our Near Protocol price prediction page to forecast future prices and determine your price targets.

Dive deeper into Near Protocol

In 2020, the decentralized finance (DeFi) sector saw significant growth, leading to a surge of decentralized applications (dApps) on the Ethereum network. This surge underscored some of Ethereum's scalability challenges, pointing to the necessity for a more robust solution. Responding to this need, Near Protocol emerged as a community-oriented cloud computing platform aiming to mitigate these constraints.

What is Near Protocol 

NEAR is a community-driven cloud computing platform that adopts the Proof of Stake (PoS) consensus mechanism. With its user-friendly interface and smart contract capabilities, NEAR seeks to empower developers to effortlessly design and deploy innovative dApps and DeFi solutions. Furthermore, its unique design allows users to engage with dApps and smart contracts without requiring a wallet.

The Near Protocol team

Erik Trautman, an entrepreneur boasting Wall Street experience and founder of Viking Education, pioneered NEAR. Alongside him are co-founders Illia Polusukhin, a former Google employee, and Alexander Skidanov, an ex-Microsoft staffer. Under their leadership, NEAR has amassed a skilled cohort of developers, featuring International Collegiate Programming Contest gold medalists.

How does Near Protocol work

Utilizing sharding technology, NEAR improves transaction speed and volume. By distributing its computational load across multiple shards, each node runs only the relevant code for its assigned shard, optimizing scalability. NEAR's Blockchain Operating System (BOS), grounded in JavaScript, ensures developers can use a familiar programming language. The platform provides ready-made components, facilitating quicker product development. Moreover, users can swiftly access the system without needing to own or use cryptocurrency.

NEAR tokenomics

NEAR's native token, NEAR, was launched on October 13, 2020, with a total supply of 1 billion tokens. The token offers several use cases, from paying transaction gas fees to staking for rewards. Additionally, it plays a role in governance, data storage, and access to services and applications on the Near Protocol.

NEAR distribution

NEAR was distributed in the following way:

  • 17.2 percent: Community grants and programs
  • 15.23 percent: Seed round
  • 14 percent: Core contributors
  • 11.76 percent: Early ecosystem development
  • 11.4 percent: Operation grants
  • 12 percent: Community sales
  • 10 percent: Foundation
  • 8.41 percent: Venture round

Near Protocol: The road ahead

Created for robustness and efficiency, NEAR offers a platform free from intermediaries, permitting users to independently publish and host applications. This commitment to progress is reflected in their Q3 2023 announcement, heralding phase 2 of sharding to enhance the sharding process and improve scalability.

Market cap
AED13.12B #20
Circulating supply
1.28B / 1.28B
All-time high
AED75.65
24h volume
AED2.68B
Rating
4.0 / 5
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