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🔥 NEAR Is Looking to Tighten Its Token Supply
A new governance proposal from SVRN CEO Sal Ternullo could reduce NEAR’s annual issuance from 2.5% to 1.6% over 24 months, with a longer-term goal of moving toward a fixed supply.
If approved, that would mean fewer new $NEAR entering circulation over time — potentially an important change for NEAR’s token economics.
But there’s another story happening at the same time.
NEAR Intents recently suffered a ~$3.8M exploit. The team says the issue was related to the interaction between Omni’s infrastructure and the NEAR Intents smart contract, not a vulnerability in the NEAR Protocol itself or the native NEAR token. The core network continued producing blocks and processing transactions normally.
So right now, NEAR has two very different narratives:
📉 Short term: security incident has clearly created market pressure.
📈 Long term: lower issuance + a potential move toward fixed supply could make NEAR’s tokenomics more interesting if the proposal passes.
The big question now is whether NEAR can turn the current pressure into a stronger foundation for the next phase.
Are you watching $NEAR after this development? 👀
#NEAR #NEARProtocol #Crypto #Altcoins #BinanceSquare
🔥 NEAR Is Looking to Tighten Its Token Supply
A new governance proposal from SVRN CEO Sal Ternullo could reduce NEAR’s annual issuance from 2.5% to 1.6% over 24 months, with a longer-term goal of moving toward a fixed supply.
If approved, that would mean fewer new $NEAR entering circulation over time — potentially an important change for NEAR’s token economics.
But there’s another story happening at the same time.
NEAR Intents recently suffered a ~$3.8M exploit. The team says the issue was related to the interaction between Omni’s infrastructure and the NEAR Intents smart contract, not a vulnerability in the NEAR Protocol itself or the native NEAR token. The core network continued producing blocks and processing transactions normally.
So right now, NEAR has two very different narratives:
📉 Short term: security incident has clearly created market pressure.
📈 Long term: lower issuance + a potential move toward fixed supply could make NEAR’s tokenomics more interesting if the proposal passes.
The big question now is whether NEAR can turn the current pressure into a stronger foundation for the next phase.
Are you watching $NEAR after this development? 👀
#NEAR #NEARProtocol #Crypto #Altcoins #BinanceSquare
A new governance proposal from SVRN CEO Sal Ternullo could reduce NEAR’s annual issuance from 2.5% to 1.6% over 24 months, with a longer-term goal of moving toward a fixed supply.
If approved, that would mean fewer new $NEAR entering circulation over time — potentially an important change for NEAR’s token economics.
But there’s another story happening at the same time.
NEAR Intents recently suffered a ~$3.8M exploit. The team says the issue was related to the interaction between Omni’s infrastructure and the NEAR Intents smart contract, not a vulnerability in the NEAR Protocol itself or the native NEAR token. The core network continued producing blocks and processing transactions normally.
So right now, NEAR has two very different narratives:
📉 Short term: security incident has clearly created market pressure.
📈 Long term: lower issuance + a potential move toward fixed supply could make NEAR’s tokenomics more interesting if the proposal passes.
The big question now is whether NEAR can turn the current pressure into a stronger foundation for the next phase.
Are you watching $NEAR after this development? 👀
#NEAR #NEARProtocol #Crypto #Altcoins #BinanceSquare
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Bullish
$MMT The MACD indicator shows a bullish crossing with a positive histogram (0.024), indicating the possibility of a shift to upward price momentum in the very short term.
{spot}(MMTUSDT)
$MMT The MACD indicator shows a bullish crossing with a positive histogram (0.024), indicating the possibility of a shift to upward price momentum in the very short term.
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Bullish
$MMT Momentum Change: RSI6 (23,35) and RSI12 (38,45) token is in the oversold territory. Additionally, the MACD line has crossed above its signal line with a positive histogram, indicating potential direction change to bullish.
$MMT Momentum Change: RSI6 (23,35) and RSI12 (38,45) token is in the oversold territory. Additionally, the MACD line has crossed above its signal line with a positive histogram, indicating potential direction change to bullish.
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