Critical Decision That Will Change Supply in NEAR: Annual Production to Drop by 1.6%! Here Are the Details
Photo: Bitcoin Sistemi
NEAR management overwhelmingly approved a proposal to reduce the maximum annual token production rate from 2.5% to 1.6%. The NEAR Protocol’s governance body, House of Stake, has approved proposal HSP-029, which foresees a significant change in the network’s token economy. The proposal envisages reducing the maximum annual production rate of NEAR tokens from 2.5% to 1.6% over a 24-month transition period. If the plan is implemented, the production rate will decrease by approximately 3.75 basis points each month, reaching 1.6 percent by the end of the second year.
Source: Bitcoin Sistemi
