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NEAR Protocol Approves Tokenomics Changes Including Reduced Token Issuance

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

NEAR Protocol has implemented changes to its tokenomics model, including a reduction in token issuance. Following the announcement, the NEAR token's price rose approximately 10%. The overhaul is intended to adjust how new tokens enter circulation on the network.

WHY IT MATTERS

Every cryptocurrency has rules about how new coins or tokens are created — this is called "tokenomics."

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SOURCES

  • cryptonews.com

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NEARTokenomicsNEAR ProtocolToken IssuanceLayer 1 Blockchains