NEAR Protocol, a scalable and user-friendly blockchain platform, is offering free cryptocurrency to its users through airdrops. Airdrops are a way of distributing tokens to existing or potential users, as a reward or an incentive. NEAR Protocol has launched several airdrops in the past few months, giving away millions of dollars worth of its native token, NEAR, to its community.

What is NEAR Protocol and Why is it Important?

NEAR Protocol is a platform that enables the creation and deployment of decentralized applications (DApps) that run on the open web. NEAR Protocol aims to solve some of the challenges that plague the current blockchain ecosystem, such as scalability, usability, and security.

NEAR Protocol uses a novel consensus mechanism called Nightshade, which splits the network into multiple shards, each processing transactions in parallel. This allows NEAR Protocol to achieve high throughput and low latency, without compromising on decentralization or security.

NEAR Protocol also offers a user-friendly and developer-friendly experience, with features such as:

Human-readable account names, which replace the long and complex addresses used by most blockchains.
Gas fee rebates, which refund the transaction fees to the users, making the platform essentially free to use.
Cross-chain interoperability, which enables the communication and exchange of value between different blockchains, such as Ethereum and Polkadot.
EVM compatibility, which allows the deployment of existing Ethereum smart contracts and DApps on NEAR Protocol, with minimal changes.

NEAR Protocol’s native token, NEAR, is used for various purposes, such as:

Paying for transaction fees, storage fees, and smart contract execution fees on the platform.
Staking for securing the network and earning rewards.
Participating in governance and decision-making processes that affect the platform.
Accessing various services and applications built on NEAR Protocol.

NEAR Protocol has a total supply of 1 billion tokens, of which 375 million are in circulation. The token is currently trading at around $6.5, with a market cap of $2.4 billion, according to CoinMarketCap. The token has seen a remarkable growth of over 600% since its launch in October 2020, when it was priced at $0.9.

How to Get Free NEAR Tokens with Airdrops?

NEAR Protocol has been conducting airdrops to distribute free NEAR tokens to its users, as a way of rewarding them for their participation and loyalty. Airdrops are also a way of attracting new users and increasing the adoption and awareness of the platform.

NEAR Protocol has launched several airdrops in the past few months, giving away millions of dollars worth of NEAR tokens to its community. Some of the notable airdrops are:

NEAR Drop: This was the first and largest airdrop by NEAR Protocol, which took place in November 2020. The airdrop distributed 25 million NEAR tokens, worth $125 million at the time, to over 40,000 users who had participated in the NEAR Protocol testnet or had signed up for the NEAR newsletter. Each user received 500 NEAR tokens, worth $2,500 at the time.
NEAR Wallet Airdrop: This was the second airdrop by NEAR Protocol, which took place in December 2020. The airdrop distributed 1 million NEAR tokens, worth $5 million at the time, to over 10,000 users who had created a NEAR wallet and verified their email address. Each user received 100 NEAR tokens, worth $500 at the time.
NEAR Reddit Airdrop: This was the third airdrop by NEAR Protocol, which took place in January 2024. The airdrop distributed 500,000 NEAR tokens, worth $3.25 million at the time, to over 5,000 users who had subscribed to the NEAR Protocol subreddit and had posted or commented on the platform. Each user received 100 NEAR tokens, worth $650 at the time.
NEAR Telegram Airdrop: This was the fourth airdrop by NEAR Protocol, which took place in February 2024. The airdrop distributed 250,000 NEAR tokens, worth $1.625 million at the time, to over 2,500 users who had joined the NEAR Protocol Telegram group and had interacted with the platform. Each user received 100 NEAR tokens, worth $325 at the time.

NEAR Protocol is planning to launch more airdrops in the future, as a way of rewarding its users and growing its community. To participate in the upcoming airdrops, users need to follow these steps:

Create a NEAR wallet, which is a simple and secure way of storing and managing NEAR tokens. Users can create a NEAR wallet through link and following the instructions.
Join the NEAR Protocol social media channels, such as Twitter, [Reddit], [Telegram], and [Discord], and stay updated with the latest news and announcements about the platform and the airdrops.
Follow the rules and criteria for each airdrop, which may vary depending on the purpose and scope of the airdrop. For example, some airdrops may require users to perform certain actions, such as posting, commenting, liking, or sharing, while others may require users to verify their identity or complete a quiz.
Claim the free NEAR tokens, which will be sent to the user’s NEAR wallet address, after the completion of the airdrop. Users can check their NEAR balance by visiting [this link] and entering their NEAR wallet address.

How to Use and Benefit from NEAR Tokens?

NEAR Protocol users can use and benefit from their NEAR tokens in various ways, such as:

Paying for fees: Users can use their NEAR tokens to pay for the fees associated with using the platform, such as transaction fees, storage fees, and smart contract execution fees. However, users can also get a refund for their fees, if they use the platform frequently and meet certain criteria.
Staking for rewards: Users can stake their NEAR tokens to secure the network and earn rewards. Staking involves locking up the tokens in a smart contract and validating transactions and blocks on the platform. Users can stake their tokens by visiting and following the instructions.
Participating in governance: Users can use their NEAR tokens to participate in the governance and decision-making processes that affect the platform, such as fee distribution, grants, partnerships, and upgrades. Users can vote on proposals and submit their own proposals by visiting [this link] and following the instructions.
Accessing services and applications: Users can use their NEAR tokens to access various services and applications built on NEAR Protocol, such as DeFi, gaming, art, and social media. Users can explore the available services and applications by visiting and following the instructions.

NEAR Protocol is a platform that enables the creation and deployment of decentralized applications that run on the open web. NEAR Protocol offers free cryptocurrency to its users through airdrops, which are a way of distributing tokens to existing or potential users, as a reward or an incentive. NEAR Protocol has launched several airdrops in the past few months, giving away millions of dollars worth of its native token, NEAR, to its community. NEAR Protocol users can use and benefit from their NEAR tokens in various ways, such as paying for fees, staking for rewards, participating in governance, and accessing services and applications.