NEAR Governance Opens Vote to Cut Annual Token Issuance to 1.6%
Photo: TokenPost
A governance vote has opened on reducing maximum annual issuance of the NEAR token (NEAR) from 2.5% to 1.6%, a change that would slow supply growth and reduce staking rewards. House of Stake proposal HSP-029 calls for a 90-day grace period after ratification, followed by a gradual reduction over 24 months. The vote advances a previously proposed reduction in NEAR issuance . The proposal would keep the current allocation of new tokens: 90% to staking participants and 10% to the protocol treasury.
Also reported by The Defiant.
Source: TokenPost
