🔔 NEAR will reduce its token issuance to 1.6% annually

The NEAR blockchain announced that, after a 90-day grace period, validators will need to approve an upgrade that will lower its token issuance to 1.6% for the next 24 months. Fewer new tokens could limit supply and affect NEAR’s price in the crypto market.

#CryptoNews
Source: The Defiant · https://thedefiant.io/news/blockchains/near-opens-vote-to-cut-token-issuance-to-1-6