Cryptocurrency Q&A
What is the near coin used for?
What is the near coin used for?
charlotte_anderson_explorer
Tue Nov 19 2024
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6 answers
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I'm curious about the purpose of the NEAR coin. I've heard about it in the context of cryptocurrency, but I'm not sure what it's specifically used for. Can someone explain its functionality and possible applications?
6 answers
Martino
Thu Nov 21 2024
It serves as the primary means to cover transaction fees on the platform.
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Stardust
Thu Nov 21 2024
In addition, NEAR tokens are utilized for paying storage costs.
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KpopMelody
Thu Nov 21 2024
Token holders have the opportunity to stake their NEAR tokens.
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LightningStrike
Thu Nov 21 2024
The native token of NEAR is also denominated as NEAR.
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Lucia
Thu Nov 21 2024
By staking, they engage in the process of achieving network consensus.
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