NEAR drops 7% after token issuance cut proposal passes
- NEAR token falls 7% after a proposal to cut annual token issuance passes.
- The new proposal prevents 11.8 million NEAR tokens from entering circulation over the next 2 years.
- The value of the tokens cut is equivalent to about $45 million at current prices.
- The goal is to reduce supply pressure and create upward price momentum for the token in the long term.
#BinanceSquare #CryptoNews #NEAR
$near
#vlikevn #Titanbot
Source: CoinTelegraph
- NEAR token falls 7% after a proposal to cut annual token issuance passes.
- The new proposal prevents 11.8 million NEAR tokens from entering circulation over the next 2 years.
- The value of the tokens cut is equivalent to about $45 million at current prices.
- The goal is to reduce supply pressure and create upward price momentum for the token in the long term.
#BinanceSquare #CryptoNews #NEAR
$near
#vlikevn #Titanbot
Source: CoinTelegraph