rloaiza
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Bullish
#DYMBinanceHODL
$NEAR
The NEAR token is the native cryptocurrency of the NEAR Protocol, a layer 1 blockchain designed to create and run decentralized applications (dApps) with high scalability and speed. This token serves several key functions within the network:
Means to pay transaction fees on the network.
Reward for validators and developers that secure and maintain the network through staking and the creation of smart contracts.
Allows holders to participate in governance by voting on proposals to improve the protocol.
It is used by developers to build and monetize dApps on the platform.
The maximum supply of NEAR is 1 billion tokens, with controlled inflation around 5% per year, aimed primarily at rewarding validators and keeping the network secure.
Additionally, NEAR Protocol uses sharding technology to enhance scalability and a consensus mechanism called Nightshade, which enables fast and secure transactions. The NEAR token can also operate interoperably with other networks, such as Ethereum, thanks to bridges and wrapped versions of the token.
$NEAR
The NEAR token is the native cryptocurrency of the NEAR Protocol, a layer 1 blockchain designed to create and run decentralized applications (dApps) with high scalability and speed. This token serves several key functions within the network:
Means to pay transaction fees on the network.
Reward for validators and developers that secure and maintain the network through staking and the creation of smart contracts.
Allows holders to participate in governance by voting on proposals to improve the protocol.
It is used by developers to build and monetize dApps on the platform.
The maximum supply of NEAR is 1 billion tokens, with controlled inflation around 5% per year, aimed primarily at rewarding validators and keeping the network secure.
Additionally, NEAR Protocol uses sharding technology to enhance scalability and a consensus mechanism called Nightshade, which enables fast and secure transactions. The NEAR token can also operate interoperably with other networks, such as Ethereum, thanks to bridges and wrapped versions of the token.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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