NEAT price

NEAT

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NEAT, a pioneering rollup scaling protocol, is designed to unlock the full potential of AI applications on the NEAR blockchain. It offers a staking function for NEP-141 token holders, enabling them to secure the decentralized indexer network and earn staking rewards. NEAT also features a universal Wrap and Unwrap functionality, facilitating seamless conversion between NRC-20 and NEP-141 tokens.

Built on the NEAR Protocol, NEAT stands out with its one-key mint function, decentralized nature, low transaction fees, and user-friendly interface. Its diverse use cases span industries such as money transfer, smart contracts, healthcare, and media. The cryptocurrency has also shown promise in the gaming and music sectors, highlighting its versatile applications.

The project, notable for being the first inscription project on NEAR Protocol, boasts a total supply of 42 million NEAT. During its minting process, NEAR's gas fees surged to 7.36 times their highest historical value, underscoring the high demand. NEAT achieved a significant milestone by minting out in just five days, attracting over 25,000 on-chain users and leading to the burning of over 200,000 NEAR.

NEAT's decentralized nature ensures robust security and transparency, making it a reliable choice for various blockchain applications. The low transaction fees further enhance its appeal, providing cost-effective solutions for users. The user-friendly interface simplifies interactions, making it accessible to a broader audience.

The technology behind NEAT is a rollup scaling protocol designed to unleash the full potential of Artificial Intelligence (AI) applications on the NEAR blockchain. This innovative approach allows NEAT to handle a high volume of transactions efficiently, making it an ideal platform for AI-driven projects. The rollup technology essentially bundles multiple transactions into a single batch, which is then processed on the NEAR blockchain, significantly reducing the load and enhancing scalability.

NEAT operates on the NEAR blockchain, a decentralized platform known for its low transaction fees and user-friendly interface. NEAR employs a unique consensus mechanism called Nightshade, which divides the blockchain into smaller, manageable segments known as shards. Each shard processes a portion of the network's transactions, allowing for parallel processing and increasing the overall throughput. This sharding technique is crucial in preventing attacks from bad actors, as compromising a single shard does not jeopardize the entire network.

In addition to its robust blockchain infrastructure, NEAT offers a staking function for its NEAT tokens. Token holders can stake their NEAT tokens to earn rewards, which include fees from wrap/unwrap operations, the NRC-20 marketplace, and a portion of indexing fees. This staking mechanism not only incentivizes participation but also enhances the security of the network by encouraging token holders to act in the best interest of the ecosystem.

NEAT is also notable for its partnerships and collaborations. It has received a delegation of 1 million NEAR tokens from the NEAR Foundation, underscoring the strong support and confidence in its technology. This partnership enables NEAT to leverage the resources and expertise of the NEAR ecosystem, further bolstering its capabilities.

The project is the first inscription project built on the NEAR Protocol, featuring a one-key mint function that simplifies the minting process. During its initial minting phase, NEAT achieved remarkable success, minting out in just five days and attracting over 25,000 on-chain users. This surge in activity led to the burning of over 200,000 NEAR tokens and caused NEAR's gas fees to soar to 7.36 times their highest historical value.

NEAT also incorporates a variety of features aimed at enhancing user experience and functionality. For instance, it includes receipt scanning and expense tracking tools, with NeatReceipts being a notable feature. NeatReceipts is a portable scanner and organization system that allows users to digitize and manage their receipts efficiently. This feature is particularly useful for individuals and businesses looking to streamline their financial management processes.

The total supply of NEAT is capped at 42 million tokens, ensuring a controlled and predictable token economy. This fixed supply model helps maintain the value of the tokens and provides a clear framework for token distribution and usage within the ecosystem.

NEAT, a cryptocurrency built on the NEAR Protocol, has several real-world applications that make it a versatile digital asset. One of its primary uses is enabling payments for services and assets, allowing users to transact seamlessly within the ecosystem. This functionality is particularly beneficial for decentralized finance (DeFi) integration, where NEAT can be used to interact with various DeFi platforms, providing liquidity, earning interest, or participating in lending and borrowing activities.

Another significant application of NEAT is in AI governance. The token is designed to facilitate decision-making processes within AI-driven platforms, ensuring that the governance is decentralized and transparent. This is further enhanced by NEAT's partnership with the NEAR Protocol to accelerate AI on the NEAR blockchain. The NEAR Foundation has delegated 1 million NEAR tokens to NEAT, underscoring the importance of this collaboration.

NEAT also plays a crucial role in the staking ecosystem. Users can stake their NEAT tokens to earn rewards, contributing to the network's security and stability. Additionally, NEAT tokens are used for receiving airdrops, which are distributions of tokens to holders, often as a reward for their participation or loyalty.

The token's utility extends to decentralized applications (dapps), wallets, and decentralized exchanges (DEXs). NEAT enables users to interact across these platforms, providing a cohesive experience within the blockchain ecosystem. The project is also working on a rollup scaling solution to facilitate AI and machine learning applications on NEAR, aiming to enhance the scalability and efficiency of these technologies.

NEAT's one-key mint function and decentralized nature make it user-friendly, with low transaction fees adding to its appeal. The project has a total supply of 42 million NEAT and has demonstrated significant user engagement, attracting over 25,000 on-chain users and burning over 200,000 NEAR tokens during its minting process.

NEAT, the first inscription project built on NEAR Protocol, has made notable strides in the cryptocurrency space. Known for its one-key mint function, decentralized nature, low transaction fees, and user-friendly interface, NEAT has a total supply of 42 million tokens. During its minting process, NEAR's gas fees surged to 7.36 times their highest historical value, a testament to the project's significant impact. NEAT minted out in just five days, attracting over 25,000 on-chain users and leading to the burning of over 200,000 NEAR tokens.

A pivotal moment for NEAT was its partnership with NEAR Protocol. This collaboration aimed to leverage NEAR's scalable and secure blockchain infrastructure, enhancing NEAT's capabilities and reach within the decentralized ecosystem. The partnership underscored NEAT's commitment to building robust and efficient blockchain solutions.

Another significant development was the launch of NEAT's staking feature. This allowed users to stake their NEAT tokens, providing them with an opportunity to earn rewards while contributing to the network's security and stability. The staking mechanism was designed to incentivize long-term holding and active participation in the NEAT ecosystem.

NEAT also introduced a Wrap and Unwrap functionality, enabling users to convert their NEAT tokens into wrapped tokens and vice versa. This feature facilitated seamless integration with various decentralized finance (DeFi) platforms, expanding NEAT's utility and interoperability within the broader crypto landscape.

Despite these advancements, NEAT has not been mentioned in any recent news articles or upcoming events related to cryptocurrency, suggesting it may not be a significant player in the industry at this time.