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NEAR Governance Votes to Reduce Token Issuance Ceiling to 1.6%

(11 hours ago) · 1 source · Summarized by CryptoBipto

The NEAR Protocol governance process has approved a proposal to lower the maximum annual token issuance rate to 1.6%. This change reduces the rate at which new NEAR tokens can be created, effectively decreasing the protocol's inflation ceiling.

WHY IT MATTERS

Think of token issuance like a government printing new money.

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SOURCES

  • theblock.co

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NEARNEAR ProtocolToken IssuanceBlockchain GovernanceInflationTokenomics