We've launched another new token, the NEAR Protocol (NEAR), which is now live on Wirex App! They've reinvented the blockchain and are helping users, developers and entrepreneurs in a whole new way, so find out what they're all about!
What is NEAR Protocol and what makes it different?
NEAR is a high-performance blockchain built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, NEAR allows anyone to build at scale and deploy at pace. NEAR’s vision is to create a network that enables people to reimagine finance, creativity, and community in new and inclusive ways. With Near Protocol users can create new tokens and build their own applications without having a centralized authority that oversees the process. NEAR continues to follow the vision of making mass adoption of blockchain possible.
What is a NEAR Token?
Their native token NEAR is primarily used to pay for the transactions on the blockchain, it is also used as a method of payment for their validators and rewards for stakeholders. Additionally, those developers who create smart contracts on NEAR blockchain, receive a portion of transaction fee that their contracts generate in NEAR token.
What can you do with it in Wirex?
Got some NEAR? Let us help you put it to good use. NEAR is available to buy, transact and exchange in Wirex ecosystem. You can easily bring your earnings in NEAR from DeFi into the mainstream world and spend it in real life with Wirex Card – it also earns you Cryptoback ™ in Wirex’s native token WXT, helping you spend and earn simultaneously.