NEAR Opens Vote to Cut Token Issuance to 1.6%
HSP-029 would lower issuance over 24 months after a 90-day grace period, but validators must separately adopt a network upgrade.
AI summary
NEAR has opened a governance vote on HSP-029, a proposal to cut token issuance to 1.6% over 24 months following a 90-day grace period. The change would reduce new supply entering circulation, but validators must separately adopt a network upgrade for it to take effect. Traders watch this because lower issuance reduces sell pressure and dilution, a modestly constructive signal for NEAR holders, though the two-step approval process adds execution risk.
