Enable Staking Daily for NEAR Protocol Token (NEAR)

To extend users’ opportunities to increase profits when holding NEAR, starting from December 23rd, ONUS officially enables the Staking Daily feature for NEAR Protocol Token (NEAR).

As a result, individuals with 1 NEAR on the ONUS application will earn a profit of 3% each year, or 0.008% every day. Interest is paid daily in VNDC, calculated based on users’ NEAR balances at 0:00 (UTC+7) each day.

About NEAR Protocol và NEAR Token

NEAR Protocol is a decentralized blockchain network launched in April 2020 and developed by Alex Skidanov, Illia Polosukhin, and the Near Foundation. NEAR Protocol was created to help developers easily create decentralized applications (DApps) and maintain them even as they scale to millions of users. NEAR Protocol operates on a Proof-of-Stake (PoS) consensus mechanism and uses a unique scaling solution called Nightshade to create a highly scalable and cost-effective platform.

The NEAR Protocol network uses a sharding structure designed to solve problems related to system design. This structure allows users to create scalable decentralized applications (Dapps) and operational governance structures, continuously evolving the protocol to become obsolete.

NEAR Protocol (NEAR) is a utility token of the NEAR Protocol ecosystem and is used for the following purposes:

  • Pay for DeFi app purchases, sales, exchanges, and payments.
  • Paying fees for transaction processing and data storage systems
  • Admin vote to determine how network resources are allocated and the future technical direction of the protocol.
  • Run the validation node, staking to earn rewards.