Near Protocol NEAR
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Sentiment
Bullish 
Fundraising Statistics
$2.59 -3.35%
$0.4
Coinbase Ventures Tier 1
Electric Capital Tier 1
Fabric Ventures Tier 1 NEARNear Protocol
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Short Review Near Protocol
Crypto project Near Protocol (NEAR) is classified as a Blockchain. Near Protocol is a Utility token that is hosted on the Near Network. The current total supply is 1.00 B NEAR (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of $12,500,000 (26.00% of total tokens) have been allocated for the public sale. The level of social activity of the Near Protocol project is assessed as High.
Near Protocol ICO Overview
Public sale of tokens will take place on the Coinlist Launchpad. Estimated date for the public token sale: 25 August 2020. Near Protocol (NEAR) price during the token sale: 0.4 USD. You can purchase project tokens for BTC ETH USDC USD
NEAR Price Chart
The launch of NEAR token trading took place on 29 September 2020.
Fundraising Rounds
Total sold 261.64 M NEAR tokens (0.26% of total tokens). Total amount of funds raised by the Near Protocol project is $544.14 M.
| Investment Round | Date | Price | Funds Raised |
| Funding Round | April 2022 | -- | $350.00 M |
| Funding Round | January 1, 2022 | -- | $150.00 M |
| Main Sale Option 3 | August 19, 2020 | $0.29 | -- |
| Main Sale Option 2 | August 18, 2020 | $0.34 | -- |
| Main Sale Option 1 | August 11, 2020 | $0.40 | $10.00 M |
| Venture Round 3 | January 2020 | $0.32 | $2.00 M |
| Venture Round 2 | December 2019 | $0.29 | $659,863.00 |
| Venture Round 1 | November 2019 | $0.25 | $18.93 M |
| Private Round 2 | July 2019 | $0.15 | $375,000.00 |
| Private Round 1 | February 2019 | $0.12 | $8.48 M |
| Seed Round | August 2018 | $0.05 | $2.88 M |
| Pre-seed | September 2017 | $0.0375 | $810,000.00 |
Near Protocol Investors
Coinbase Ventures Tier 1 Electric Capital Tier 1 Fabric Ventures Tier 1
IDEO CoLab Ventures Tier 1
Multicoin Capital Tier 1
a16z (Andreessen Horowitz) Tier 1
Dragonfly Capital Tier 2
Fundamental Labs Tier 2
Pantera Capital Tier 2
SV Angel Tier 2Detailed overview of the NEAR protocol
NEAR Protocol is an open-source blockchain source code and support for smart contracts for creating decentralized applications. The protocol operates on the PoS consensus algorithm. NEAR cryptocurrency is used in staking to maintain the network and pay for its transactions.
The initial issue of NEAR is 1,000,000,000 tokens. 12% of this amount was sold during an ICO in 2020 and 18% during seven rounds of private funding.
The remaining coins are used to develop the NEAR ecosystem. A large portion also goes to the NEAR and NEAR Foundation teams. Moreover, the network issues 5% of new tokens annually. Most of them are spent on rewarding validators. However, annual inflation of 5% does not affect price increases.
Decentralized application platforms are very popular nowadays. The capabilities of such platforms are used not only by cryptocurrency projects, but also by the banking sector. Thanks to developments in solving the problem of scale and transaction speed, NEAR stands out among many competitors.
NEAR Protocol has a segmentation mechanism called Nightshade, as well as a block construction mechanism called Doomslug. Together they can reach transaction speeds of up to 100,000.
The dPoS mechanism is used to achieve consensus. This means delegated proof of stake. Sharding is used to improve performance. But all shards are perceived as part of a single blockchain, unlike other crypto projects.
The Rainbow Bridge mechanism allows you to use any information that is cryptographically confirmed in NEAR, Ethereum contracts and vice versa.
The Doomslag mechanism ensures that blocks are generated by validator nodes in the network one after another. New blocks are created every second.
NEAR Protocol simplifies the work of developers - they can create applications using familiar languages - Rust and AssemblyScript, as well as Solidity, which is used in Ethereum.
The scalable smart contract platform is an entire ecosystem that includes:
- Writing smart contracts using TypeScript - a typed JavaScript application - or any other language , compiled in WASM (web assembly).
- Horizontal segmented scaling, similar to what the world's largest database companies use.
- Consensus using Nightshade, a Byzantine fault-tolerant algorithm , focused on speed, simplicity and security.
- The NEAR wallet gives users the ability to confirm low-barrier transactions to enter staking or, in many cases, even without holding
- Instant transfer of tokens between accounts NEAR, including tokens from other compatible platforms.
All this allows you to efficiently work on the next generation of financial applications and gives developers a ready-made application business model.
In January 2022, the NEAR team completed another round of funding, during which they managed to raise $150,000,000 from various investors, including Dragonfly Capital and Three Arrows Capital. The NEAR Protocol team has also started partnerships with major blockchain projects such as Chainlink, Balancer, Ledger, TrustWallet, Ardana and many others.
Paul Veradittakit, a partner at the cryptocurrency hedge fund Pantera Capital, is convinced that NEAR’s growth will continue this year.
NEAR Protocol Project (NEAR)
The first concept of the project appeared in 2017 and was formed by Ilya Polosukhin and Alexander Skidanov. One was a lead contributor to TensorFlow at Google, and the other was a lead engineer at MemSQL. The project's first testnet went live in April 2020, and the official testnet went live in October of the same year.
The NEAR Protocol was created by the NEAR Foundation. It is represented by a community of researchers, developers and enthusiasts from around the world. Together they wrote the first code for the platform and continued developing the project. Since then they have been managing all bugs and updates on the platform. In addition, NEAR Protocol is an open source project, so anyone can participate in its development.
Benefits of the NEAR Protocol (NEAR)
- Proof-of-Stake mechanism. PoS allows users to place bets and receive rewards, and also increases the scalability of the project.
- Nightshade Technology. The NEAR protocol uses Nightshade technology to increase cryptocurrency throughput. It also enables cross-chain interoperability.
- Doomslug. Doomslug is a new consensus mechanism designed to improve the efficiency of the platform. It is responsible for ensuring high transaction speeds and smooth operation of validators.
Disadvantages of the NEAR protocol (NEAR)
- Management . At the moment, voting is only available to validators, which leaves other users not involved in the process of growth and development of the project.
