About NEAR Protocol
NEAR Protocol is a decentralized platform that provides a platform for building decentralized applications (dapps) and is designed to be developer-friendly, scalable, and secure. It uses the Proof-of-Stake consensus mechanism and provides the infrastructure for the creation and deployment of dapps. The NEAR token is used to pay for transaction fees and incentivize validators to participate in consensus. NEAR's mission is to make it easy for developers to build and deploy decentralized applications that can be used by everyone, anywhere in the world.
NEAR token is the native cryptocurrency of the NEAR Protocol, a decentralized application platform that aims to provide scalable and user-friendly infrastructure for developers to build decentralized applications (dApps) and smart contracts. NEAR token is used as a utility token on the NEAR platform to pay for various services, such as storage, computation and bandwidth. It also acts as a governance token, allowing holders to participate in the decision-making process of the NEAR Protocol. The total supply of NEAR tokens is capped at 1 billion, with a circulating supply of approximately 851 million as of the current date.
How to buy $NEAR with a payment card
1. Enter the amount of $NEAR and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $NEAR wallet
You are given the option to enter your $NEAR wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $NEAR with a credit and debit card.
1. Market position and adoption:NEAR Token is currently ranked #31 on Coin Market Cap, with a market cap of $2,141,747,390 and 24-hour volume of $466,083,079. This indicates a moderate level of interest in the token and steady adoption.
2. Technology and Platform: NEAR Protocol is a decentralized platform that aims to provide scalable and secure blockchain infrastructure for applications. It uses sharding technology to increase the efficiency of the network and improve performance for users.
3. Team: The NEAR development team is led by a group of experienced blockchain developers with a focus on creating scalable and user-friendly blockchain solutions.
4. Competition: NEAR competes with other decentralized platforms and blockchain infrastructure providers, including Ethereum and Polkadot. However, its focus on scalability and security sets it apart from its competitors and positions it as a strong player in the space.
1. Market Risk: The cryptocurrency market is highly volatile and subject to fluctuations, which can result in losses for investors. The value of NEAR can be impacted by changes in market sentiment, regulatory changes, and economic factors.
2. Technology Risk: NEAR Protocol, the platform behind NEAR token, is a new and emerging blockchain technology, and there is a risk that the platform may not be fully developed or may face technical difficulties.
3. Competition Risk: The blockchain market is competitive, and NEAR Protocol faces competition from other platforms and projects. The success of NEAR Protocol and its NEAR token may be impacted by the performance of its competitors.
4. Adoption Risk: The success of NEAR Protocol and its NEAR token depends on the adoption and usage of the platform. If the platform fails to gain widespread adoption, it may result in a decrease in demand for NEAR.
5. Regulatory Risk: Cryptocurrencies and decentralized platforms are subject to regulatory risks. Changes in laws and regulations may negatively impact the platform and its token.
Potential market development triggers
1. Increased adoption of NEAR's blockchain technology by businesses and organizations, such as partnerships with well-known companies in various industries to bring real-world use cases for the NEAR protocol.
2. Development and implementation of decentralized finance (DeFi) applications and services on the NEAR platform, providing more opportunities for users to participate in DeFi, for example, launching yield farming protocols, lending and borrowing platforms, etc.
3. Introduction of innovative scalability and interoperability solutions, improving the efficiency and usability of the NEAR blockchain, for example, utilizing sharding technology to increase transaction speeds.
4. Growing interest in energy-efficient blockchain solutions, increasing demand for NEAR's energy-efficient consensus algorithm, which reduces energy waste compared to traditional PoW algorithms.
5. Expansion of the NEAR ecosystem with new decentralized applications and services, providing more utility for NEAR token holders, such as launching decentralized exchanges or marketplaces.
6. Continued development and improvement of the NEAR governance model, enhancing the stability and long-term growth potential of the project, such as implementing community-driven proposals and decisions.