About NEAR Protocol
NEAR Protocol is a sharded, developer-friendly, proof-of-stake blockchain. The market cap is $1,286,223,652 and the 24h volume is $116,909,748.
- What is NEAR?
NEAR is a decentralized application platform that is secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people, putting the power of Open Finance and the Open Web in their hands. NEAR’s mission is to enable community-driven innovation to benefit people around the world.
- Who is the team behind NEAR?
The NEAR platform, NEAR Protocol and associated tooling are being built by a collection of the best engineers in the world with deep experience shipping systems of NEAR’s complexity and scale. Learn more about the NEAR Core Team and reach out if you’re interested in joining. Core contributors to NEAR include 2 2-time ICPC world champions, 2 gold medalists, a Latin American champion and multiple other competitive programming finalists. Co-Founders Alex Skidanov directed engineering at the sharded database company MemSQL and Illia Polosukhin developed the TensorFlow machine learning library as part of Google before they partnered together to start NEAR.
- What's the initial token distribution of NEAR?
There were 1,000,000,000 NEAR tokens created at Genesis on April 22, 2020. This will be allocated in the following way:
- 14% to Core Contributors
- 17.2% to Community Grants and Programs
- 17.6% to Backers
- 6.1% to Smaller Backers
- 12% to Community Sale
- 11.7% to the Early Ecosystem
- 10% to Foundation Endowment
- 11.4% to Operations Grants
More information is available on the NEAR Token Supply and Distribution official blog post.