Question 1

What is a NEP-141 token?

Accepted Answer

NEP-141 is NEAR Protocol's fungible token standard, similar to ERC-20 on Ethereum. It defines a standard interface for creating and managing fungible tokens on the NEAR blockchain.

Question 2

How do NEAR account names work?

Accepted Answer

NEAR uses human-readable account names (e.g., alice.near) instead of long hex addresses. This makes it easier to send tokens and interact with smart contracts.

Question 3

What are NEAR transaction costs?

Accepted Answer

NEAR transactions cost fractions of a cent. Token and NFT creation requires a storage deposit (typically 0.1-1 NEAR) that is refundable if the contract is deleted.

Question 4

Which wallet works with NEAR?

Accepted Answer

NEAR Wallet (official), MyNearWallet, and Meteor are the most popular NEAR wallets. All support NEP-141 tokens and NEP-171 NFTs.

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