🚨 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
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