NEATPrice

(NEAT)

NEAT is a Web3 project centered around a token also called NEAT, which is the first inscription built on the NEAR Protocol. It is recognized for its one-key mint function, decentralized operation, low transaction fees, and a user-friendly interface. The project serves as a rollup scaling protocol specifically designed to enhance the capabilities of artificial intelligence (AI) applications on the NEAR blockchain. NEAT provides a staking function for holders of NEP-141 tokens, enabling them to contribute to securing the decentralized indexer network and receive staking rewards. Additionally, it features a universal Wrap and Unwrap functionality that facilitates seamless conversion between NRC-20 and NEP-141 tokens. NEAT has a total supply of 42 million tokens. Its initial minting process was highly successful, attracting over 25,000 on-chain users and resulting in the burning of more than 200,000 NEAR tokens. The minting phase concluded in just five days. The NEAR Foundation has collaborated with the NEAT protocol, delegating 1 million NEAR tokens to accelerate AI development on the NEAR blockchain. Within its ecosystem, NEAT functions as a utility token, supporting services, asset payments, decentralized finance (DeFi) integration, and AI governance. The project is also developing a customizable decentralized indexer network that will allow for data storage on the NEAR blockchain and the deployment of custom indexing logic. The co-founders of NEAT, in the context of cryptocurrency, are Illia Polosukhin and Alexander Skidanov, who are also co-founders of the NEAR Protocol. Learn more

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