How to Stake NEAR with Simply Staking
What is NEAR Protocol
NEAR Protocol is a blockchain that is built and designed to provide a user-friendly experience while at the same time, providing a scalable environment for developers to build on top of. From a technical standpoint, it is best to describe the project as a Layer 1, sharded, PoS carbon-neutral blockchain, built to be fast, secure, and scalable.
Initially conceptualised in 2017 by Illia Polosukhin and Alexander Skidano, the project was called NEAR.ai, and at first, it planned to develop a platform focused on machine learning and AI. In 2018, NEAR’s vision of providing developers with an easy solution for building dApps that could scale became clearer, and therefore, the project decided to build its blockchain, which ultimately launched its mainnet in 2020. As NEAR started to grow, it also started to emphasise even more the importance of AI systems where users maintain ownership and control over their data and models. NEAR proudly sits at the intersection between blockchain and AI, with an ever greater commitment to innovation and addressing real-world challenges through technology.
To understand more about NEAR, we have published an Introductory Article! Click on the image below to take you directly to the article!
The NEAR token serves as the native cryptocurrency of the NEAR Protocol blockchain and fulfills several essential functions:
- Transaction Fees
- Governance
- Staking Rewards
Currently, the APR on NEAR is roughly 9%
How to Buy NEAR Tokens
Before you can stake NEAR, you’ll need to acquire the tokens. Here’s where and how:
Using Binance:
A straightforward way to acquire NEAR is through our Binance link, where you’ll receive a USD 600 welcome offer towards trading fees (terms & conditions apply). Navigate to the “Markets” section and search for NEAR. Once you’ve located the NEAR, purchase the amount you desire.
After buying NEAR, transfer it off the exchange by following these steps:
- Navigate to the “Wallet” section in Binance.
- Select “Withdraw” and choose NEAR as the token.
- Enter your NEAR wallet address
- Set the withdrawal amount and confirm the transaction.
Congrats! Now you should have some NEAR in your wallet and are ready for staking!
Staking NEAR with Simply Staking
We have developed a non-custodial Staking Interface to allow users to stake their NEAR tokens with our trusted AAA-rated Validator directly.
- Access the Staking Dashboard – Visit the Simply Staking Interface
- Link Your Wallet – Click on the ‘Connect Wallet’ button to get started. This will allow our Interface to query your wallet data.
- Input your Desired Stake – Specify the quantity of NEAR tokens you wish to delegate.
- Click Stake and Sign the Transaction – Ensure that all the data is correct and sign via your Wallet.
Staking complete! Enjoy 9% + APR through our Simply Staking Validator which ensures optimal uptime, low commissions, and peace of mind!
About Simply Staking
We are a Blockchain Services Provider who operates Validators and Nodes on over 40 Networks with over $1 Billion in Assets Staked. Our journey started in 2018, with Simply entering the Cosmos Hub Testnets, and now have expanded our operations to most major ecosystems including networks such as LIDO, EigenLayer, Oasis Network, Cosmos Hub, Polkadot, and many more, all while being an Oracle Operator on Chainlink.
We offer additional services such as Nodes-As-A-Service (RPCs), Blockchain Development work, Tooling, Governance Services as well as Blockchain Consultancy Services.
More Information on our offerings can be found on our website.
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This article is provided for informational purposes only and is not intended as investment advice. Investing in cryptocurrencies carries significant risks and is highly speculative. The opinions and analyses presented do not reflect the official stance of any company or entity. We strongly advise consulting with a qualified financial professional before making any investment decisions. The author and publisher assume no liability for any actions taken based on the content of this article. Always conduct your own due diligence before investing.
