Follow UsNEAR token sinks 7% as proposal to cut annual token issuance passes
Neutral-21.69%
3 Nov, 12:30
Source: Cointelegraph
AI Summary
NEAR Protocol governance approved a proposal to cut annual token issuance by 11.8 million tokens over two years, causing a 7% price decline despite the positive supply impact.
The proposed issuance cut would prevent 11.8 million NEAR from entering circulation over two years, worth about $45 million at today’s price.