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The NEAR protocol is being integrated by Binance Custody with its native NEP-141 $NEAR token. The NEAR protocol is attempting with this development to safely control the expansion of its native token (NEP-141) in a Tier 1 ecosystem. The company is sure that this is going to allow new projects to easily construct the NEAR blockchain.
Benefits for holders
The holders of $NEAR tokens will be able to take advantage of our safe, incorporated safety and liquid methods thanks to this integration, according to Athena Yu, Executive Vice President of Binance Custody. M. Flaman, CEO of the company, desires to see the benefits the integrated system is going to bring to the users as well as the liquidity and openness required for the NEAR protocol to realize its full potential.
He stated that NEAR’s primary goal is to create a diverse community ecosystem, and through the partnership with Binance, NEAR has approached Binance as a dependable supplier of digital asset storage and payment solutions for numerous financial institutions.
Institutional users will greatly profit from the integrated ecosystem as a result of this consolidation, which is a multifaceted computing tech supported by first asset direction documentation. Binance Custody, on the other hand, is a storage solution that is independent, interoperable, and validated and that offers structure supporting for more than two hundred and thirty electronic possessions.
The enthusiasm and future plans
As for the statement from Athena Yu, high management worker of Binance, the team is energized to be a contributor to the NEAR journeying as an organization collaborator. Thanks to this consolidation, owners of $NEAR coins will have access to a safe and well-integrated safety resolution. This can enable confident scaling.
The late defeated attacks by cyber-criminals on the Binance ecosystem and other companies against their contemporaries have led to concerns about the security of the system. Binance, the custodian, reaffirmed its dedication to helping organization clients stock their electronic possessions safely and take advantage of the system.
M. Flaman, president of the NEAR, shared his thoughts on the partnership’s opportunities and level of security. He stated that NEAR’s primary goal is to create a diverse community ecosystem, and through this partnership, NEAR recognizes Binance Custody as a dependable supplier of secure digital assets.
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