2018: Inception and Fundraising NEAR Protocol was founded by Alexander Skidanov and Illia Polosukhin. The project conducted its initial fundraising rounds to secure financial support for development. 2019: Mainnet Launch NEAR Protocol launched its mainnet, marking a significant milestone in the project's development. The mainnet launch allowed developers to start building and deploying decentralized applications on the NEAR blockchain. 2020: Continued Development and Partnerships NEAR focused on refining and improving its protocol, addressing any issues identified post-mainnet launch. Partnerships with projects and initiatives to expand the NEAR ecosystem. 2021: Ecosystem Growth and Bridge to Ethereum NEAR experienced growth in its developer community and ecosystem. The NEAR Ethereum bridge was introduced, enabling interoperability between NEAR and Ethereum.

The initial distribution of Near Protocol (NEAR) tokens is as follows: 17.20% is allocated to Community Grants and Programs 14.00% is allocated to Core Contributors 12.00% is allocated to Community Sale 11.76% is allocated to Early Ecosystem 11.40% is allocated to Operations Grants 10.00% is allocated to Foundation Endowment 15.23% is allocated to Seed Round 8.41% is allocated to Venture Round

NEAR Protocol (NEAR) Price

NEAR Protocol#29

Margin

AI & Big Data

Layer 1

0-4.27%USD

*Data is for reference only

Circulating Market Cap (USD)--

Total Market Cap (USD)--

Circulating Supply1.30B

Issue Date2020-10-14

24H Volume (USD)--

Total Supply1.30B

NEAR News

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OKX may restrict account functions and funds for 15 days or longer when cryptocurrency deposits trigger enhanced anti-money laundering reviews, CEO Star Xu said on Sept. 2. Summary OKX may restrict accounts for 15 days or longer while reviewing flagged high risk deposits. Star Xu said confirmed illegal activity could lead OKX to terminate customer services entirely directly. Transfers linked to Telegram escrow markets and Huiwang variants may face enhanced source checks scrut...
crypto.news·3 hr(s) ago
What NEAR shipped last month: ✦ NEAR released the roadmap to Post-Quantum security. ✦ NEAR Intents crossed $27B+ in all-time volume and 30M+ total swaps. ✦ Confidential Intents TVL crossed $50+ million. ✦ 500,000+ NEAR is now staked to power confidential inference. ✦ NEAR AI Cloud integrated @intel Trust Authority. ✦ Confidential Intents now powers @infinex Private Send. ✦ Confidential earn went live on near.com. ✦ The Machine Payments Protocol (@mpp), the agent payment protocol from @stripe and @tempo began leveraging NEAR Intents. ✦ Confidential Intents went live on @rhea_finance cross-chain dex. ✦ 57% of near.com activity ran confidentially. ✦The Responsible Fintech Institute and crypto custody solution @Safeheron began piloting quantum-safe wallet generation and transfers on a NEAR testnet. ✦ ZEC is now live on @peerxyz powered by NEAR Intents. ✦ NEAR Intents is live on @solflare. ✦ 700k+ unique users used NEAR Intents in the last 30 days. ✦ @unstoppablebyhs integrated Confidential Intents. And much more.
nearprotocol·12 hr(s) ago
What NEAR shipped last month: ✦ NEAR released the roadmap to Post-Quantum security. ✦ NEAR Intents crossed $27B+ in all-time volume and 30M+ total swaps. ✦ Confidential Intents TVL crossed $50+ million. ✦ 500,000+ NEAR is now staked to power confidential inference. ✦ NEAR AI Cloud integrated @intel Trust Authority. ✦ Confidential Intents now powers @infinex Private Send. ✦ Confidential earn went live on . ✦ The Machine Payments Protocol (@mpp), the agent payment protocol from @stripe and @tempo began leveraging NEAR Intents. ✦ Confidential Intents went live on @rhea_finance cross-chain dex. ✦ 57% of near.com activity ran confidentially. ✦The Responsible Fintech Institute and crypto custody solution @Safeheron began piloting quantum-safe wallet generation and transfers on a NEAR testnet. ✦ ZEC is now live on @peerxyz powered by NEAR Intents. ✦ NEAR Intents is live on @solflare. ✦ 700k+ unique users used NEAR Intents in the last 30 days. ✦ @unstoppablebyhs integrated Confidential Intents. And much more.
nearprotocol·12 hr(s) ago
near.com is now confidential by default. All your activity is visible only to you: holdings, trades, payments, and yield. 1 account, 30+ chains, built-in confidentiality, running on NEAR Intents' proven infrastructure. The way crypto should work.
nearprotocol·17 hr(s) ago
Cross-chain volume keeps converging on NEAR Intents, and more of it is moving confidentially every month. Intents’ August momentum, by the numbers 🧵
nearprotocol·20 hr(s) ago
Altcoin NEAR approaches a very important level. The asset develops head & shoulders setup. The next bull target set for NEAR sits at $2.8. The crypto community continues to grow bullish over altcoin price pump expectations over the coming weeks. In detail, specific altcoins are showing strong pump indicators across their respective price charts. To highlight, altcoin NEAR approaches a very important level as the asset develops inverse head & shoulders setup. Bullish analyst expect NEAR to reclaim bullish price targets soon. Altcoin NEAR Approaches a Very Important Level According to CoinMarketCap analytics, the price of NEAR went up to surge to prices just over $2. In detail, the price of NEAR hit $2.1 before slinking back down to the $1.96 price range, showing that the asset is up by 6% in the past 24 hours. Furthermore, the price of NEAR is up by over 14% over the last 30 days. However, in terms of a year, the price of NEAR is still down by over 16%. https://twitter.com/KhonshuArc/status/2094615952885235878 Based on this latest price movement, the analyst in the post above says that NEAR is now approaching a very important level, which is the $1.95 - $2 price range. This puts NEAR with several other altcoin assets that are all approaching bullish price levels . The analyst now goes on to state what is presently happening with the price of NEAR, which is that the price reacted around $1.95 - $2 multiple times before. Thus, a reclaim and hold above this zone would give holders a good long opportunity towards $2.15 - $2.25. However, a rejection here will likely send the price of NEAR back to the $1.65 - $1.75 zone. In this case, this is the zone NEAR will need to hold on HTF. If this zone holds, it would be a strong confirmation that the bottom is already in since Q1 2026. But if $1.65 breaks, this setup is invalid and NEAR could expect a revisit of the $1.20 - $1.35 zone minimum. NEAR Develops Inverse Head & Shoulders Setup Having said that, the analyst also speaks of a possible drop below $1. The post concludes by stating that NEAR has been one of the weaker altcoins for a while, so these levels are very important for the next move. Meanwhile, another analyst takes on a more bullish stance as he observes a bullish inverse head and shoulders setup developing on the NEAR price chart. https://twitter.com/cryptowithgopal/status/2094338913561154042 As we can see from the post above, the analyst explains the formation development stating that the price of NEAR was around $1.84, with the neckline near $2.15. Meanwhile, the right shoulder is holding above the $1.60 - $1.70 zone, keeping the bullish structure intact. A confirmed breakout above $2.15 could trigger a larger move. For now, the next bull target sits at the $2.8 price range.
CryptoNewsLand·09-01 06:40

NEAR Info

What Is Near (NEAR) ?

NEAR Protocol is a layer-one blockchain that aims to provide a developer-friendly, decentralized application platform. It is designed to be a highly scalable blockchain network that eliminates some of the limitations of other platforms, such as low transaction speeds, low throughput, and poor interoperability. NEAR Protocol uses a Proof of Stake (PoS) consensus mechanism and has its own unique solutions to scaling problems, including a sharding solution. It is being built as a community-run cloud computing platform and aims to create a developer and user-friendly environment for decentralized applications (DApps). The native token of the NEAR Protocol is NEAR, which is used for staking, transaction fees, and governance within the platform.

History of Near (NEAR)

History

2018: Inception and Fundraising

NEAR Protocol was founded by Alexander Skidanov and Illia Polosukhin.
The project conducted its initial fundraising rounds to secure financial support for development.

2019: Mainnet Launch

NEAR Protocol launched its mainnet, marking a significant milestone in the project's development.
The mainnet launch allowed developers to start building and deploying decentralized applications on the NEAR blockchain.

2020: Continued Development and Partnerships

NEAR focused on refining and improving its protocol, addressing any issues identified post-mainnet launch.
Partnerships with projects and initiatives to expand the NEAR ecosystem.

2021: Ecosystem Growth and Bridge to Ethereum

NEAR experienced growth in its developer community and ecosystem.
The NEAR Ethereum bridge was introduced, enabling interoperability between NEAR and Ethereum.

How Does Near (NEAR) Work?

NEAR Protocol is a sharded, Proof-of-Stake (PoS) blockchain designed to provide scalability and usability for decentralized applications (DApps). Below is a simplified overview of how NEAR Protocol works:

Sharding Architecture:NEAR uses sharding to horizontally scale its blockchain. Sharding involves breaking the blockchain into smaller parts called "shards," each capable of processing its transactions and smart contracts independently. This parallel processing of transactions across shards is intended to increase throughput and reduce latency.
Proof-of-Stake (PoS) Consensus:NEAR employs a PoS consensus mechanism to secure the network. Validators are chosen to create new blocks and validate transactions based on the amount of NEAR tokens they "stake" as collateral. Validators are incentivized to act honestly, as their staked tokens can be slashed if they behave maliciously.
Nightshade Consensus Protocol:NEAR uses the Nightshade consensus protocol, a type of sharded PoS consensus, to coordinate and finalize blocks across the network. It enables fast finality and ensures that transactions are confirmed quickly.
Account Model:NEAR uses an account-based model similar to Ethereum. Each account has a unique address, and users interact with the blockchain through their accounts. Users can deploy smart contracts, send transactions, and store assets in their NEAR accounts.
Smart Contracts:Developers can deploy smart contracts on NEAR to create decentralized applications. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. NEAR's smart contract platform provides a secure and efficient environment for executing decentralized applications.

Tokenomics

What Is NEAR Used For ？

NEAR (NEAR Protocol's native cryptocurrency) is used for various purposes within the NEAR Protocol ecosystem. Here are some key use cases for NEAR:

Staking:NEAR tokens can be staked by validators to secure the network. Validators are chosen to create new blocks and validate transactions based on the amount of NEAR tokens they hold as collateral. Stakers, including delegators, can earn staking rewards for participating in the network's security.
Network Security:Staking NEAR tokens is a fundamental mechanism for ensuring the security and integrity of the NEAR Protocol. Validators and stakers play a crucial role in consensus and block validation, and they are economically incentivized through token rewards.
Governance:NEAR token holders have the ability to participate in the governance of the NEAR Protocol. This includes proposing and voting on protocol upgrades, parameter changes, and other decisions that impact the network. The more NEAR tokens a holder has, the more influence they typically have in the governance process.
Transaction Fees:NEAR tokens are used to pay for transaction fees on the NEAR Protocol. When users perform actions such as deploying smart contracts, executing transactions, or interacting with decentralized applications, they may need to pay a small amount of NEAR tokens as fees.
Incentives for Developers:NEAR tokens can be used as incentives for developers to build and contribute to the NEAR ecosystem. This could include grants, rewards, or other mechanisms to encourage the development of decentralized applications, protocols, and tools.

Token Distribution

The initial distribution of Near Protocol (NEAR) tokens is as follows:

17.20% is allocated to Community Grants and Programs
14.00% is allocated to Core Contributors
12.00% is allocated to Community Sale
11.76% is allocated to Early Ecosystem
11.40% is allocated to Operations Grants
10.00% is allocated to Foundation Endowment
15.23% is allocated to Seed Round
8.41% is allocated to Venture Round

Why Is Near (NEAR) Valuable?

NEAR Protocol stands out from other blockchain platforms due to several key features and design principles. Here are some aspects that differentiate NEAR from other blockchains:

Sharding for Scalability:NEAR utilizes a sharding technique to enhance scalability. Sharding involves breaking the blockchain into smaller parts, or "shards," each capable of processing transactions independently. This can significantly increase the overall throughput of the network.
Developer-Friendly:NEAR is designed to provide a user-friendly environment for developers. It offers tools and resources to make it easier to build and deploy decentralized applications (DApps). The platform aims to reduce the barriers to entry for developers, encouraging broader adoption.
Rainbow Bridge for Interoperability:NEAR has implemented the Rainbow Bridge, a mechanism that allows assets to move seamlessly between the NEAR blockchain and Ethereum. This interoperability can be attractive for developers and users who want to leverage the capabilities of both platforms.
Nightshade Consensus Mechanism:NEAR employs a consensus mechanism called Nightshade, which is a proof-of-stake (PoS) mechanism designed for scalability. It enables fast and secure transaction processing by utilizing sharding and providing finality to transactions quickly.
User-Friendly Wallet and Onboarding:NEAR aims to simplify the user experience by providing a user-friendly wallet and easy onboarding process. This is intended to make it more accessible for non-technical users to engage with decentralized applications on the NEAR platform.
Accessibility and Low Transaction Costs:NEAR strives to keep transaction costs low and aims to make blockchain applications more accessible to a wider audience. This focus on affordability can be attractive for developers and users looking for cost-effective blockchain solutions.

FAQ

Unlike the traditional stock market, NEAR Protocol (NEAR) does not have specific "opening" or "closing" times, as it operates on a decentralized network and trades 24/7 all year round.