Name: Near Protocol
SKU: NEAR
Price: 2.111878126994 USD

<p>NEAR Protocol is a decentralized application platform. It was created with the aim of being a community-run cloud computing platform with a focus on developer-usability and user-friendliness. The platform uses a Proof-of-Stake consensus mechanism and sharding technology in an attempt to solve blockchain problems related to scalability. Its native NEAR tokens can be used to pay for transaction fees and storage on the Near platform.</p><h3>What are NEAR key features and how does it work?</h3><p>As mentioned, NEAR Protocol attempts to offer a solution to blockchain scalability issues. It does this using a unique solution, that is with the implementation of its sharding mechanism called Nightshade. Sharding works by splitting the network into smaller fragments, or shards. By doing this, the computational load on a node is reduced since a particular node is only required to run the code that is relevant to its shard. As such, shards can conduct computation in parallel with one another. Consensus is achieved via a Proof-of-Stake mechanism. With PoS, nodes must stake their NEAR tokens to be considered to become a validator. Alternatively, regular users can delegate their stake to validators of their choice. NEAR uses an auction system to choose validators every “epoch” (approximately every 12 hours), and validators who have larger stakes have more influence in the consensus process.</p><p>The NEAR token’s main function is for paying transaction fees or for being used as collateral when storing data on the blockchain. Various groups of NEAR platform stakeholders are also rewarded with NEAR tokens. For example, validators receive a NEAR token reward every epoch. Additionally, developers that create smart contracts receive a percentage of the transaction fees that their contracts generate. The remaining part of the transaction fee is burned, thus, increasing the scarcity of the NEAR token and helping to retain its value.&nbsp;</p><p>NEAR Protocol is capable of supporting tokens that are “wrapped” from other chains in addition to NFTs. Likewise, NEAR has constructed a bridge with Ethereum, allowing users to transfer ERC-20 tokens from Ethereum to NEAR.</p><h3>What can Near Protocol be used for?</h3><p>Near has a number of use cases across a variety of sectors. Some prominent projects already developing on the platform include Flux, which is an open market protocol, Mintbase, a platform for NFT issuing and selling, as well as Paras, a marketplace targeting higher quality NFTs by selected artists.</p><h3>Where can you buy NEAR?</h3><p>Near can be bought from any of the CEXs and DEXs as listed <a href="https://cryptorank.io/price/near-protocol/exchanges" rel="noopener noreferrer" target="_blank">here.</a></p>

EigenLayer Ecosystem

Near Ecosystem

Sale Details

Community Sale

Early Ecosystem

Foundation Endowment

Community Grants

Core Contributors

Small And Large Backers

Operation Grants

Epoch Rewards

<p>ICO on Coinlist. Details:</p><ul><li>Asset: NEAR Tokens</li><li>Registration Opens: August 4</li><li>Sale Period Begins: August 12 at 2 PM UTC&nbsp;</li><li>Option 1: $0.40 per token, 40-day holding period.</li><li>Option 2: $0.34 per token, 40-day holding period. Tokens release linearly during the 12-month period starting when token transfers are enabled on the network.</li><li>Option 3: $0.29 per token, 40-day holding period. Tokens release linearly during the 24-month period starting when token transfers are enabled on the network.</li><li>If the 40-day holding period has not completed by the time when token transfers are enabled, for either options 2 or 3, it is treated as a cliff lockup until the 40 days from purchase are complete.</li><li>Option 1: Supply capped at 25M NEAR Tokens</li><li>Option 2: No Supply Cap</li><li>Option 3: No Supply Cap</li><li>Overall sale supply cannot exceed 100M tokens.</li><li>Minimum Purchase: 500 NEAR Tokens</li><li>Maximum Purchase: 100k NEAR Tokens (Applies to Option 1 only); 5M NEAR tokens total across all options</li></ul><p>NEAR Protocol has successfully raised $350 million in its latest funding round, accelerating its mission to help billions of people learn and use blockchain and decentralized technologies.</p><p>Led by hedge fund Tiger Global, with participation from Republic Capital, FTX Ventures, Hashed, Dragonfly Capital, ParaFi Capital, Blockchange Ventures, and MetaWeb Ventures, this fundraise includes crypto-native funds as well as a notable move into crypto and the NEAR ecosystem from more traditional firms.</p><p>NEAR Protocol has successfully raised $150 million.</p><p>The round was led by Three-Arrows Capital with participation from several crypto-native funds including Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th Man Ventures, Circle Ventures, and MetaWeb.vc — the NEAR ecosystem fund. The round also included several top angels including Alan Howard, Santiago Santos and Aave Founder Stani Kulechov.</p>

Near Protocol

NEAR is a Layer 1 blockchain built to be simple, secure and scalable.

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