About NEAR Protocol (NEAR)
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilizes fees.NEAR is the native utility token of the network and has the following utility:
- Fees for processing transactions and storing data.
- To run a validator node on the network via staking NEAR tokens.
- Used for governance votes to determine how network resources are allocated and where the protocol’s future technical direction will go.
NEAR Market Information
NEAR Circulating Supply：858,729,597 NEAR
NEAR Max Supply：1,000,000,000 NEAR
NEAR Total Supply：1,000,000,000 NEAR
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Toobit does not take responsibility for any resulting direct or indirect losses.
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