🚨 MAJOR TOKENOMICS UPDATE: NEAR Protocol Governance Approves Issuance Reduction!
$NEAR has officially passed proposal HSP-029 through its House of Stake governance to significantly cut token supply growth!
📌 Key Highlights:
Lower Inflation Rate: NEAR’s maximum annual token issuance will drop from 2.5% down to 1.6%.
24-Month Phased Rollout: The cut will be implemented gradually epoch-by-epoch over a 2-year period instead of a sudden drop.
Supply Savings: Estimated to reduce circulating supply expansion by over 11 million NEAR tokens during the rollout phase.
Implementation Timeline: The proposal moves to Security Council review, followed by a 90-day grace period for validators to complete the required protocol upgrade before the reduction officially begins.
💡 What does this mean for $NEAR ?
This bullish monetary shift reduces long-term token dilution for holders while transitioning the ecosystem toward a tighter, more sustainable supply model.
What are your thoughts on NEAR’s updated tokenomics? Let us know in the comments below! 👇
#NEAR #CryptoNews #BinanceSquare #Altcoins #Tokenomics$NEAR
#Dyor2024 $USDC
$NEAR has officially passed proposal HSP-029 through its House of Stake governance to significantly cut token supply growth!
📌 Key Highlights:
Lower Inflation Rate: NEAR’s maximum annual token issuance will drop from 2.5% down to 1.6%.
24-Month Phased Rollout: The cut will be implemented gradually epoch-by-epoch over a 2-year period instead of a sudden drop.
Supply Savings: Estimated to reduce circulating supply expansion by over 11 million NEAR tokens during the rollout phase.
Implementation Timeline: The proposal moves to Security Council review, followed by a 90-day grace period for validators to complete the required protocol upgrade before the reduction officially begins.
💡 What does this mean for $NEAR ?
This bullish monetary shift reduces long-term token dilution for holders while transitioning the ecosystem toward a tighter, more sustainable supply model.
What are your thoughts on NEAR’s updated tokenomics? Let us know in the comments below! 👇
#NEAR #CryptoNews #BinanceSquare #Altcoins #Tokenomics$NEAR
#Dyor2024 $USDC
