NEAR governance approves proposal to cut token issuance ceiling to 1.6%
AI summary
NEAR's House of Stake approved proposal HSP-029, cutting the network's maximum annual token issuance rate from 2.5% to 1.6% over 24 months. The change reduces the pace of new NEAR supply entering circulation, tightening the token's inflation profile. Traders may read the lower issuance ceiling as a supply-side positive for NEAR, though the effect phases in gradually rather than immediately.
Narrative history
-
1H AGOYou’re reading thisNEAR governance approves proposal to cut token issuance ceiling to 1.6%The Block · Score 55
-
23 OCT · 04:10CryptoSlate · Score 55 · via proposal cut, cut issuance
-
20 OCT · 21:38The Defiant · Score 45 · via 1.6%, issuance
