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Cryptocurrencies:  7,553Markets:  31,762Market Cap:  $392,359,970,01224h Vol:  $155,323,619,577BTC Dominance:  63.2%
Market Cap:  $392,359,970,01224h Vol:  $155,323,619,577BTC Dominance:  63.2%Cryptocurrencies:  7,553Markets:  31,762
NEAR Protocol

NEAR Protocol (NEAR)

$0.626984 USD (-11.74%)
0.00004697 BTC (-12.31%)
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  • Market Cap
    $109,644,779 USD
    8,215 BTC
  • Volume (24h)
    $10,664,445 USD
    798.98444551 BTC
  • Circulating Supply
    174,876,443 NEAR
  • Total Supply
    1,000,000,000 NEAR

About NEAR Protocol

NEAR Protocol price today is $0.626984 USD with a 24-hour trading volume of $10,664,445 USD. NEAR Protocol is down 11.74% in the last 24 hours. The current CoinMarketCap ranking is #81, with a market cap of $109,644,779 USD. It has a circulating supply of 174,876,443 NEAR coins and the max. supply is not available. You can find the top exchanges to trade NEAR Protocol listed on our crypto exchanges page.

What Is Near Protocol (NEAR)?

NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.

NEAR is the native utility token that is used for:

  • Fees for processing transactions and storing data.
  • Running validator nodes on the network via staking NEAR tokens.
  • Used for governance votes to determine how network resources are allocated.

NEAR tools include:

  • NEAR SDKs which includes standard data structures and testing tools for Rust and AssemblyScript.
  • Gitpod for NEAR to create a zero time onboarding experience for developers.
  • NEAR Wallet that lets application developers create streamlined user experiences.
  • NEAR Explorer to aid with both debugging of contracts and the understanding of network performance.
  • NEAR Command Line Tools to allow developers to deploy applications from local environments.

How Many NEAR Coins Are There in Circulation?

NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts which interact with a transaction, while the remaining 70% are burned.

Who Are the Founders of NEAR Protocol?

NEAR Protocol is the brainchild of developers Alex Skidanov and Illia Polosukhin, both of whom have extensive experience in programming.

The two met while Skidanov worked at U.S. startup accelerator Y Combinator, and in July 2018 began work on a project which focused on allowing developers to build and release software with less friction.

This project became what is now the NEAR Protocol, and employs more than 40 staff, including developers with experience at Google and MemSQL.

According to NEAR Protocol’s official website, many of the developers hold prizes and nominations from competitions in coding and related fields, notably the International Collegiate Programming Contest (ICPC).

Skidanov himself worked at both MemSQL and Microsoft, while Polosukhin contributed to end-to-end open source machine learning platform TensorFlow and Google Search.

Where Can I Buy NEAR Protocol (NEAR)?

NEAR is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Binance offers the largest number of pairs as of October 2020, while Huobi Global also offers Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) options.

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

NEAR Protocol Price

NEAR Protocol Price$0.626984 USD
NEAR Protocol ROI
-47.99%
Market Rank#81
Market Cap$109,644,779 USD
24 Hour Volume$10,664,445 USD
Circulating Supply174,876,443 NEAR
Total Supply1,000,000,000 NEAR
Max SupplyNo Data
All Time High
$1.69 USD
(Oct 14, 2020)
All Time Low
$0.625889 USD
(Oct 30, 2020)
52 Week High / Low
$1.69 USD /
$0.625889 USD
90 Day High / Low
$1.69 USD /
$0.625889 USD
30 Day High / Low
$1.69 USD /
$0.625889 USD
7 Day High / Low
$0.849568 USD /
$0.625889 USD
24 Hour High / Low
$0.722987 USD /
$0.625889 USD
Yesterday's High / Low
$0.722987 USD /
$0.671182 USD
Yesterday's Open / Close
$0.699087 USD /
$0.690082 USD
Yesterday's Change$-0.009005 USD (-1.29%)
Yesterday's Volume$7,592,469 USD
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