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NEAR Token Drops 7% After Proposal to Reduce Annual Token Issuance Is Approved
(9 hours ago) · 1 source · Summarized by CryptoBipto
The NEAR Protocol community approved a governance proposal to cut the network's annual token issuance. Following the vote, the NEAR token's price fell approximately 7%. The reduction in issuance changes how many new NEAR tokens are created and distributed each year.
WHY IT MATTERS
Think of token issuance like a government printing new money.
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SOURCES
- cointelegraph.com
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NEARToken IssuanceNEAR ProtocolGovernanceTokenomics
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