Learn more about these three tokens:
What is Near Protocol?
NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.
NEAR Protocol is the brainchild of developers Alex Skidanov and Illia Polosukhin, both of whom have extensive experience in programming and worked at U.S. startup accelerator Y Combinator. They began their work on the NEAR Protocol in July 2018.
Creating a developer and user friendly platform
To create a better user experience, NEAR has incorporated features like naturally readable account names as opposed to using cryptographic wallet addresses. They also introduced the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.
NEAR is the native utility token that is used for processing transactions and storing data.
It is also used to run validator nodes on the network via staking and for governance votes to determine how network resources are allocated.
What is Celsius?
Celsius (CEL) is an all-in-one banking and financial services platform which offers users a fair interest, low rates for loans and fast transactions. Users get to receive interest on deposited cryptocurrencies or take out crypto collateralized loans.
Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.
Returning high yields on deposits
Celsius aims to return high yields while also maintaining the benefits of quick, fee-less transactions. For existing crypto investors wishing to take out a loan, Celsius provides an opportunity to receive dollars without the need to cash out one’s cryptocurrency holdings.
CEL token performs a variety of internal functions, including boosting user payouts if used as the payment currency, taking loans and making payments. CEL has a maximum supply of 695,658,161 tokens, of which 76% are in circulation and 24% are locked.
What is Clover Finance?
Clover Finance (CLV) is a blockchain operating system. It provides a one-stop, easy‑to‑use blockchain infrastructure and an Ethereum Virtual Machine (EVM) compatible framework for Substrate‑based applications. Founded by Viven Kirby, Norelle Ng and Burak Keçeli in May 2020, the project was officially launched in July 2021.
Bridging the compatibility gap across blockchains
Clover Finance was designed to offer more than a single service to users. The network comprises of a storage layer, a smart contract layer, a decentralized finance (DeFi) protocol layer and an eApp layer providing a full-service cross-chain DeFi bridge. It ensures that everyone can participate in the network, including people who are new into the world of DeFi. Developers can also easily create decentralized applications (DApps) that work across blockchains and use DeFi.
CLV TokenThere will be a maximum total supply of 1,000,000,000 CLV tokens. Holders of the CLV tokens can stake their tokens to validate transactions on the Clover network.
Get the latest coin news on Coinhako 🚨
As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels. The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on the other top DeFi projects, like uniswap, polkadot, band protocol, as well as IOTA, FTM and OMG.
📩 Sign-up to Subscribe to our mailing list to have them delivered straight to your inbox!
👉Join our Telegram community
Coinhako is available in these countries!
All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.