Where in the ocean of NEAR do the whales hang out? Examine the top 20 addresses by amount of NEAR held - excluding any custodial or exchange addresses that you can. Can you identify any “power players” or wallets of interest? What behaviors do these whales exhibit?
Near Protocol is a Public Proof-of-Stake (PoS) Blockchain
Aims to bring decentralization finance (DeFi) to the masses with low transfer fees and fast transactions.
With their sharding technology (Nightshade) they achieve speed and scalability.
Uses PoS consensus to secure and validate transactions on the blockchain.
In Proof-of-Stake, users show support to specific network validators by delegating NEAR tokens to them. This process is known as staking. The main idea is that, if a validator has a large amount of tokens delegated is because the community trusts them, and these validators can validate block transactions and add more blocks to the Blockchain.
Validators earn NEAR Token rewards for producing new blocks in the form of a static inflation rate of about 4.5% each year.
Stakers get rewarded in the form of that token, too. The token’s all-time highest price was $20.44 in January 2022.
Try Quests to earn NEAR