1 NEAR = ₺53.99 Turkish Lira 1 TRY Turkish Lira = 0.01852 NEAR
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View ChartNEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.
NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.
As decentralized applications (dApps) have grown in popularity, the crypto community has faced an increasing scalability problem. In this context, scalability refers to a blockchain’s ability to handle a large number of transactions quickly and cost-effectively. Ethereum has faced particular challenges in this regard due to high demand for its usage. While some advocate scaling solutions built on top of Ethereum (Layer-2 solutions), projects like NEAR have opted to develop entirely new blockchains with different architectures.
The NEAR Protocol’s proposed solution to this problem is to implement sharding. Before explaining what this means, it is useful to identify the three main functions of blockchain nodes: processing transactions; communicating validated transactions and completed blocks to other nodes; and storing the state and history of the entire network. As network congestion increases, these tasks become increasingly demanding for the nodes.
Sharding reduces the computational load by splitting or partitioning the network into shards, or fragments. With this approach, nodes are not required to run all of the network’s code, only the code relevant to their shard. This enables shards to conduct computation in parallel, thereby scaling the network’s capacity as the number of nodes increases.
You can pay transaction fees and use the NEAR token as collateral to store data on the blockchain. The NEAR token is rewarded to those who play an important role in the blockchain ecosystem, like those who validate transactions. On a yearly basis, validators receive rewards equal to 4.5% of the total NEAR supply per epoch.
A percentage of the transaction fees generated by smart contracts also go to the developers who created them. To increase the token’s scarcity, the leftover portion of each transaction fee is burned. To fund future ecosystem development, the NEAR protocol has set up a treasury that receives 0.5% of all NEAR tokens each year.
Non-fungible tokens (NFTs) and “wrapped” tokens from other chains are both supported by the NEAR protocol, which has built a bridge with Ethereum so that users can move their ERC-20 tokens over.
The easiest way to buy NEAR is through a crypto exchange like BTCC. BTCC makes purchasing NEAR easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first NEAR purchase, register with BTCC today.
Trading NEAR/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or NEAR into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the NEAR/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Centre
Yes, absolutely. BTCC supports multiple methods to gain exposure to NEAR Protocol(NEAR) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase NEAR Protocol directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the NEAR/TRY spot trading pair using market or limit orders, taking direct ownership of the NEAR.
Trade NEAR/TRY Futures: For more advanced strategies, you can trade NEAR/TRY perpetual or dated futures contracts. This allows you to speculate on NEAR Protocol's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your NEAR to TRY conversion on BTCC:
Sign in to your account, or create a new BTCC account if needed.
Go to the trading interface and select the NEAR/TRY trading pair.
Input the specific amount of NEAR Protocol you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the 'Crypto Converter' section on our website or in the app.
Enter the amount of the NEAR you want to convert in the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
The NEAR/TRY exchange rate is the current market price at which 1 NEAR Protocol(NEAR) can be exchanged for TRY. Put simply, it tells you how many TRY one NEAR Protocol is worth at any given moment.
Currently, one NEAR Protocol is ₺53.99. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 NEAR Protocol (NEAR) in TRY is constantly changing. To see the live price, please check the market data section at the top of our platform or visit our NEAR to TRY converter.