Near Protocol

NEAR is a decentralized application platform that is secure enough to manage high-value assets like money or identity and performant enough to make them useful for everyday people, putting the power of the Open Web in their hands.

NEAR Protocol uses a technique called “sharding” which splits the network into multiple pieces so that the computation is done in parallel. Parallelism radically increases throughput and allows the network to scale up as the number of nodes on it increases. With NEAR, there isn’t a theoretical limit on the network’s capacity.

The NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR token is primarily used to pay transaction fees and as collateral for storing data on the blockchain. NEAR also rewards several stakeholders in the blockchain with NEAR tokens. For their services, transaction validators receive a NEAR token reward every epoch that amounts to 4.5% of the total NEAR supply on an annualized basis.

You can purchase Near tokens on various exchanges, for instance:

• Binance
• Bitfinex
• Crypto.com
• OKEX
• Gate.io
• Huobi

You may start staking your assets in the following wallets

• Moonlet Wallet
• Near Wallet
• Math Wallet
• Dokia Capital

There are two main ways to stake tokens: via your existing lockup contract (if you have one), or transferring tokens from exchanges to your personal wallet.

No minimum amount to stake.

You can unstake your tokens anytime, and the minimum staking period is only 12 hours. However, you have to wait four epochs (equivalent to about two days) before being allowed by the protocol to withdraw your funds from the staking pool into your wallet. This waiting period is also necessary if you want to unstake and restake to a different Validator