NEAR Protocol Governance Vote Cuts Maximum Annual Token Issuance to 1.6%

Network participants approved lowering the issuance ceiling from 2.5%, reshaping NEAR's long-term token supply policy. NEAR Protocol has confirmed the outcome of a governance vote that lowers the network's maximum annual token issuance rate. The ceiling drops from 2.5% to 1.6%, according to the announcement. The result came through the project's formal governance process, which allows token holders and validators to weigh in on protocol-level parameters. Issuance ceilings determine how many new tokens a blockchain can mint each year to fund validator rewards and network security.

Source: TheCoinrise