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What can you do with NEAR Protocol?
Store/Hold NEAR Protocol
Many users hold on to their NEAR Protocol with the expectation of it increasing in value. You can store your NEAR safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade NEAR Protocol
You can trade NEAR Protocol for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for NEAR Protocol trading to meet your needs.
Send NEAR Protocol
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy NEAR Protocol online and send to anyone and anywhere with their NEAR Protocol address.
Spend NEAR Protocol
You can also buy goods and services with your NEAR Protocol. More and more vendors and retailers accept NEAR Protocol every day.
Donate NEAR Protocol
Bitget Charity accepts NEAR Protocol donations for global projects that aim to improve the lives of people in the bottom billion. You can donate NEAR Protocol so no one misses out on the growth made possible by blockchain.
Learn More About NEAR Protocol
You can read more in-depth articles on NEAR Protocol from Bitget Research and study how cryptocurrencies like NEAR Protocol work on Bitget Academy
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What is NEAR Protocol (NEAR)?
NEAR Protocol is a public blockchain network that aims to rival Ethereum. Like other layer-1, it boasts speed, low transaction cost, and scalability. In fact, it claims to be able to process up to 100,000 transactions per second, a much higher rate than other networks. This makes NEAR Protocol very promising as a mass-used blockchain. However, that potential has not been realized yet.
NEAR Protocol was founded in 2017 by Alex Skidanov and Illia Polosukhin. Fundraising events of NEAR Protocol attracted such investors as Andreessen Horowitz, FTX Venturs, and Pantera Capital
How NEAR Protocol (NEAR) Works
NEAR Protocol is a Proof-of-Stake blockchain that utilizes sharding, a method of partitioning data for faster and more efficient processing. The implementation of these two technologies allows NEAR Protocol to achieve great speed and scalability.
On the other hand, the network develops special solutions to facilitate interoperability with Ethereum. The first one is Rainbow Bridge, a bridge that enables users to easily transfer assets between the two chains. The other solution is Aurora, a layer-2 network developed on NEAR Protocol, allowing Ethereum dapps to operate on the said network.
How Many NEAR Protocol (NEAR) Tokens Are in Circulation?
NEAR is the native token of NEAR Protocol. Since the network is a PoS blockchain, NEAR is needed to become a node. Notably, developers who create smart contracts on the blockchain earn a part of transaction fees, which encourages the growth of the whole ecosystem.
NEAR's total supply: 1,000,000,000
NEAR's circulating supply: 812,963,867
How to Buy NEAR Protocol (NEAR)
Consider investing in NEAR Protocol (NEAR)? It only takes 2 minutes to create an account on Bitget and start trading NEAR.
Check out the available NEAR trading pairs on Bitget!
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NEAR Protocol (NEAR) Resources
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