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NEAR Protocol is a blockchain platform designed to make it easier, faster, and cheaper to process transactions. It uses a system called Nightshade to split the network into smaller parts, or shards, to handle more activity at once.
This coin is available on Newton.
The platform has its own cryptocurrency, called NEAR Coin, which powers transactions and activities on the blockchain. People can use NEAR Coin for staking, paying transaction fees, and interacting with projects being built on NEAR.
NEAR Protocol’s design focuses on being user-friendly and developer-focused, with tools to make building and using decentralized applications (dApps) simpler. This includes features like human-readable account names and low transaction fees.
The network relies on validators, who stake NEAR Coins to confirm transactions and secure the blockchain. These validators are rewarded for their work, helping to keep the system running smoothly.
Managed by the NEAR Foundation and the NEAR Collective, the protocol is dedicated to protocol maintenance, ensuring that it continues to grow and support innovative projects.
NEAR Protocol works by using Nightshade, a technology that breaks the blockchain into shards to process transactions faster and more efficiently. This system helps the network handle more users and activity without slowing down.
Validators play a key role in how NEAR Protocol works by staking NEAR Coins and confirming transactions. They keep the network secure and earn rewards based on their performance.
The NEAR Protocol blockchain supports dApps with tools and languages like Rust and AssemblyScript, making it easy for developers to create and deploy projects. These tools simplify the process and reduce barriers for innovation.
Dynamic sharding allows NEAR Protocol to adjust its capacity based on the demand, ensuring that the network stays fast and reliable even during busy times. This adaptability is one of the reasons the platform is so scalable.
NEAR is also integrated with other blockchains and crypto exchanges, making it easier for users and developers to interact with multiple ecosystems seamlessly.
NEAR is a blockchain platform designed for decentralized applications (dApps), offering scalability, low fees, and ease of use to improve both developer and user experiences.
The value of the token is driven by various factors that relate to both demand and the growth of the platform.
Today’s price is influenced by multiple factors within the network’s ecosystem and the broader crypto market.
The token has several core functions within the network, making it essential to the platform's operations.
NEAR Protocol is a platform for building a variety of decentralized applications, thanks to its scalable design and low costs. Projects being built on NEAR include gaming platforms, financial tools, and NFT marketplaces.
Its high speed and low transaction fees make it a strong choice for DeFi projects like lending, trading, and payment systems. These features allow users to process transactions quickly and affordably.
Gaming and NFT projects thrive on NEAR Protocol’s blockchain due to its fast speeds and developer-friendly tools. Creators can easily build games, marketplaces, and in-game economies using its infrastructure.
Businesses and enterprises can also use NEAR for supply chain solutions or secure data sharing. Its blockchain ensures transparency and reliability, which are key for enterprise applications.
NEAR is also interoperable, meaning it can connect with other blockchains, enabling cross-chain transactions and expanding possibilities for developers and users alike.
NEAR Protocol was founded in 2018 by Illia Polosukhin and Alexander Skidanov, who wanted to create a blockchain that was fast and easy to use. It’s managed by the NEAR Foundation and supported by the NEAR Collective.
In 2020, the platform launched its mainnet, marking the start of its operations as a public blockchain. Since then, the live price of NEAR Protocol has grown steadily, reflecting its increasing adoption.
NEAR Protocol is currently used for a wide range of projects, and the NEAR Coin price has gained attention on crypto exchanges. The token price is influenced by crypto prices and the growing demand for blockchain solutions.
Over time, NEAR Foundation has funded many initiatives to boost adoption, such as developer grants and partnerships. The collective remains dedicated to protocol maintenance and fostering innovation in the ecosystem.
As of now, NEAR Protocol is valued for its technology and the billion NEAR Coins in circulation, which are helping to drive the latest price trends and adoption across industries.
The platform includes several features that foster scalability and contribute to price stability.
Price charts provide essential insights into current trends and market performance.
The token’s performance is strong, driven by growing adoption and its expanding role in decentralized applications.
You can securely store your NEAR tokens in either a trusted cryptocurrency platform or a private digital wallet. Using Newton’s regulated platform or a decentralized wallet helps keep your NEAR secure while allowing you to monitor key market stats like its current market cap, circulating supply, and real-time price updates.
NEAR allows users to participate in staking, a popular feature on its blockchain. Staking NEAR tokens allows you to support network validation while earning rewards. This incentivizes network security while helping you grow your investment through yield farming opportunities.
You can spend your NEAR tokens with merchants and decentralized applications (dApps) that accept cryptocurrency. With tools like real-time price tracking, you can confirm prices before you spend, offering users financial freedom and flexibility with their tokens.
Sending NEAR is fast and straightforward through its decentralized network. All you need is the recipient's wallet address to transfer NEAR securely and with minimal fees. These transactions are efficient and rely on blockchain security features to ensure transparency.
NEAR tokens can be sent as donations to charitable organizations and initiatives that accept cryptocurrency payments. All you have to do is transfer NEAR to the intended wallet address, providing a modern and decentralized way to support causes and organizations you care about.
You can swap NEAR for other cryptocurrencies such as Ethereum, Bitcoin, or stablecoins on platforms that support crypto swapping. This feature makes portfolio diversification much simpler, giving users flexibility to trade and explore opportunities in the dynamic crypto market.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying NEAR directly from individuals or unregulated sources can expose you to high risks. Unverified sellers and the absence of clear transaction agreements make these types of purchases insecure. Without proper safeguards, this route leaves buyers vulnerable to scams and lost funds.
The most reliable way to buy NEAR in Canada is through a regulated cryptocurrency platform such as Newton. Newton makes it easy to set up your account and fund it using e-Transfer or wire transfer. Once funded, you can buy NEAR and other 70+ cryptocurrencies and explore trading securely.
Newton provides competitive and affordable pricing on NEAR, allowing users to access excellent market rates. This allows Canadian users to maximize their trading potential without overpaying for transactions.
With robust security options like multi-factor authentication, device monitoring, and anti-phishing protection, Newton prioritizes the safety of your NEAR tokens. These features help keep your transactions and holdings secure.
Newton makes it affordable to buy and sell NEAR, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Whether you’re on your mobile device or desktop, Newton makes trading NEAR seamless on all platforms. Trade NEAR tokens anytime and from anywhere without interruptions.
Trading NEAR has never been easier thanks to Newton’s intuitive and simple platform design. It offers real-time price insights, portfolio management tools, and a smooth trading experience.
Newton is a Canadian-focused cryptocurrency platform designed to meet the needs of Canadian traders. Its localized tools, regulatory compliance, and support services make it one of the most user-friendly ways to trade NEAR in Canada.
Start by creating an account on Newton—registering is simple and helps keep your funds and assets secure. After creating your account, verify it by completing the required steps to access NEAR and other cryptocurrencies.
You can deposit funds into your Newton account through methods like Interac e-Transfer or wire transfer. These options are fast, secure, and allow Canadian users to purchase NEAR easily with Canadian dollars (CAD).
Once your account is funded, you can search for NEAR within Newton’s extensive cryptocurrency catalog. NEAR is a key blockchain platform offering decentralized applications, staking opportunities, and unique use-cases across DeFi and blockchain solutions.
Select NEAR from the list of cryptocurrencies on the platform. This will allow you to view its real-time price, trading history, and other relevant market statistics.
You can select how much NEAR you wish to buy based on either the token amount or the amount in CAD. Newton allows traders to tailor their purchase size, allowing accessibility for all users, regardless of budget.
After selecting the desired amount, confirm your details and complete the transaction. Once the purchase is finalized, your NEAR tokens will appear in your account, ready to store or trade as you choose.
You can store NEAR tokens securely in either private digital wallets or hardware wallets. These methods allow you to have full ownership of your tokens, but they also require you to manage private keys securely to avoid losing your assets.
You can hold your NEAR securely and conveniently in Newton! Using a trusted cryptocurrency platform like Newton offers both convenience and security. Newton provides wallet-like features with multi-factor authentication, encryption, and dedicated security protocols to protect your NEAR holdings. This is a great option for users prioritizing usability and ease of access.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Near, please see our Asset Statement.
