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Official NEAR Protocol Community Channel - @cryptonear NEAR is a builder's fastest path to market. Do things that you didn’t think were possible on blockchain. This channel is for tech and community discussions only.

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NEAR Protocol Official

Who is in need of a bIockchain web deveIoper?

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NEAR Protocol Official

https://x.com/crypto_groggs/status/1841451948899287489?s=46

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NEAR Protocol Official

Big smash here guys

https://x.com/nearkattoken/status/1841451010826424449?s=46

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NEAR Protocol Official

Ken is so funny when he starts talking shit 😭

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NEAR Protocol Official

Near 2D🚀🚀🚀🚀🌓🌓🌓🌓

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NEAR Protocol Official

Like buying Telegram stars in exchange for TON or NEAR and such

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NEAR Protocol Official

Is there someone who wanna buildUI/UX design, meme website, bot&mini app?

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NEAR Protocol Official

Hey Katete. How’s your day?

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NEAR Protocol Official

Hi, do we have any mechanism in place for burning?

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NEAR Protocol Official

Near sure needs to pump.

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NEAR Protocol Official

Was kinda confusing
Some eggs made the cut, others didn't
Got bored and forgot about it

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NEAR Protocol Official

Never understood what to do with those dragon scales

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NEAR Protocol Official

Looking forward to some pups

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NEAR Protocol Official

Lookin like Illia about to get a custom BlackDragon Shitzu

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NEAR Protocol Official

jsut wanted clarify so i could better direct their questions

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NEAR Protocol Official

​​NEARWEEK Daily Newsletter 📩
Wednesday, October 02, 2024

💥 Big things around the ecosystem 💥

ON–276: NEAR Mega Issue ⋈
https://x.com/ournetwork__/status/1841161743659151825

NEAR ALPHA FOR YOUR DAILY GRIND
https://x.com/NEARWEEK/status/1841466846286885233

🪅Events🪅

The Near Alpha Show
https://x.com/NEARWEEK/status/1841182164521796070

Join the NEARDevHub as they sit down with the Masa team to talk AI, the REDACTED online Hackathon
https://x.com/NEARProtocol/status/1841294508199227483

Tune for the latest NEAR AI Office Hours with Jason Warner from Poolside.ai
https://x.com/i/broadcasts/1eaKbaXkXOrxX

💰 DeFi 💰

Meta Pool : One day +50% APY
https://x.com/meta_pool/status/1841388412693082154

🔼 Projects update 🔼

Future of software will have 3 layers
https://x.com/ilblackdragon/status/1841238657631437283

Join us with the NEAR ecosystem from Nov 9-11 to explore the future of the Internet
https://x.com/NEARWEEK/status/1841379740109717551

Get Ready for Calimero’s Exciting New Privacy-Focused Hackathon Series
https://x.com/theRZLT/status/1841451333905228233

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NEAR Protocol Official

https://x.com/intelnear/status/1841269664623546660

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NEAR Protocol Official

Hi @alasiroy! 👋 Welcome to NEAR. An open source platform that enables creators, communities, and financial markets to drive a more open, interconnected and consumer-empowered world 🫂

‼️ If you are unable to send messages then you probably missed the CAPTCHA. Please rejoin or reach out to one of our moderators. By joining you agree to NEAR's Social Channel Rules

Do also join us on our other community platforms 👇

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NEAR Protocol Official

https://x.com/cuongdc_real/status/1837136230896783455?

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NEAR Protocol Official

Ngl I’m unfamiliar with telegram stars. Will need to do some recon

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NEAR Protocol Official

Hey y'all I buy stars (is it allowed?)

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NEAR Protocol Official

🌟 NEAR AI Tech Showcase by NEAR Horizon

Products not panels!

AI Agents, data, blind trust, compute, GPU resources, agent orchestration!

➡️ Apply for The NEAR x Delphi Labs AI cohort by Oct 4

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NEAR Protocol Official

NEAR Protocol incorporates a burning mechanism primarily through transaction fees and penalties for validator misconduct.

### Transaction Fee Burning

NEAR Protocol burns 70% of all transaction fees collected on the network. This fee-burning mechanism helps counteract the inflation caused by the annual issuance of new tokens, which is set at 5% of the total supply. As network usage increases, this burning process contributes to a deflationary effect on the NEAR token supply, making it more scarce over time[2][4].

### Validator Slashing

Additionally, NEAR employs a slashing mechanism to penalize validators for malicious behavior, such as double signing. When a validator is slashed, a portion of their staked tokens is burned. For instance, if a validator with 1% of the total stake double signs, they could lose 3% of their stake, which would be burned rather than redistributed[1][2]. This serves both as a deterrent against dishonest actions and as a method to maintain network integrity.

In summary, NEAR's burning mechanisms are integrated into both its fee structure and its validator penalty system, fostering a more sustainable economic model for the protocol.

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NEAR Protocol Official

Good night everyone 😴

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NEAR Protocol Official

It was in beta just seeing what the response would be. The whole thing just kinda took on a life of its own.

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NEAR Protocol Official

The shells turn into your new egg. That allowed staking. Next phase is hatching then into dragons

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NEAR Protocol Official

Just throwing it out there, DragonVerse begins breeding post Hatchening…

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NEAR Protocol Official

Soon shitzu breeding

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NEAR Protocol Official

https://x.com/marior_dev/status/1837208672881049992

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NEAR Protocol Official

Nothing else falls into that description

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