In what ways can the NEAR token be employed on Coinbase?

6 answers

• Feb 19, 2022 · 3 years ago
  As a NEAR token holder on Coinbase, you can trade your tokens for other cryptocurrencies available on the platform. This allows you to diversify your portfolio and take advantage of potential price movements in different digital assets. Additionally, you can use NEAR tokens to participate in decentralized finance (DeFi) protocols on Coinbase, such as lending, borrowing, or providing liquidity. These DeFi applications can offer attractive returns and opportunities for passive income.
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• Feb 19, 2022 · 3 years ago
  NEAR tokens can also be staked on Coinbase, which means you can lock up your tokens to support the NEAR network's security and consensus. By staking your NEAR tokens, you contribute to the network's operations and earn rewards in return. Staking can be a great way to earn passive income while supporting the NEAR ecosystem.
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• Feb 19, 2022 · 3 years ago
  BYDFi, a popular decentralized exchange, also supports NEAR tokens. You can connect your Coinbase wallet to BYDFi and trade NEAR tokens directly on the platform. BYDFi offers a wide range of trading pairs and advanced trading features, making it a convenient option for NEAR token holders.
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• Feb 19, 2022 · 3 years ago
  If you're looking to use NEAR tokens for payments, Coinbase Commerce allows merchants to accept NEAR tokens as a form of payment. This integration opens up opportunities for NEAR token holders to use their tokens for purchasing goods and services from businesses that accept cryptocurrencies.
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• Feb 19, 2022 · 3 years ago
  NEAR tokens can also be used for crowdfunding and supporting projects on Coinbase Launchpad. Launchpad provides a platform for innovative blockchain projects to raise funds and gain exposure. By participating in token sales on Launchpad, NEAR token holders can potentially access promising investment opportunities.
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• Feb 19, 2022 · 3 years ago
  In summary, NEAR tokens on Coinbase offer a range of possibilities. Whether you're interested in trading, staking, participating in DeFi, making payments, or supporting innovative projects, NEAR tokens can be employed in various ways to enhance your cryptocurrency experience.
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