What Is NEAR Protocol?
NEAR Protocol is a user-friendly, scalable Layer 1 blockchain designed for developers to build decentralized applications (dApps). Key features include:
- Sharded Proof-of-Stake (PoS) architecture
- Carbon-neutral operations
- High-speed, secure transactions
Founded in 2017 as NEAR.ai, the project pivoted to blockchain development, launching its mainnet in 2020. NEAR uniquely bridges blockchain and AI, emphasizing user control over data and models.
👉 Explore NEAR’s technical details
NEAR Token Utility
- Transaction fees: Pay for network operations.
- Governance: Vote on protocol upgrades.
- Staking: Earn ~9% APR rewards.
How to Buy NEAR Tokens
Step 1: Purchase NEAR on Exchanges
- Recommended: Buy NEAR on Binance or OKX.
- Transfer tokens to a self-custody wallet (e.g., NEAR Wallet or Ledger).
Step 2: Withdraw to Your Wallet
- Navigate to "Withdraw" in your exchange account.
- Enter your NEAR wallet address.
- Confirm the transaction.
How to Stake NEAR with Simply Staking
Step-by-Step Guide
- Access Dashboard: Visit Simply Staking’s staking interface.
- Connect Wallet: Link your NEAR-compatible wallet (e.g., MyNEARWallet).
- Delegate Tokens: Enter the amount to stake.
- Confirm Transaction: Sign via your wallet.
Rewards: Earn ~9% APR with Simply Staking’s AAA-rated validator (low fees, high uptime).
Why Choose Simply Staking?
- Trusted Provider: Since 2018, securing $1B+ in assets.
- Multi-Chain Expertise: Validators on 40+ networks (Cosmos, Polkadot, Chainlink).
- Additional Services: RPC nodes, governance tools, and consultancy.
FAQs
1. Is NEAR staking safe?
Yes, when using reputable validators like Simply Staking. Funds remain in your control.
2. Can I unstake NEAR anytime?
Unstaking takes 48–72 hours due to NEAR’s protocol design.
3. What’s the minimum stake?
No minimum, but validators may set thresholds.
👉 Maximize your NEAR rewards today
Disclaimer: This guide contains affiliate links. We may earn a commission at no cost to you. Cryptocurrency investments involve risk—always conduct independent research.
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