NEAR Governance Approves Plan to Lower Annual Issuance to 1.6%

NEAR governance approved a plan to reduce the maximum annual issuance of the NEAR token (NEAR) from 2.5% to 1.6%, lowering the target for how quickly new tokens can enter circulation. HSP-029 sets a 90-day grace period post-ratification, then a 24-month reduction pending validator adoption of a protocol upgrade. The proposed lower rate could also reduce staking rewards. TokenPost covered the issuance proposal while the governance vote was open . Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Also reported by The Defiant.

Source: TokenPost