ME News reports that on October 2 (UTC+8), a new proposal was introduced on the NEAR governance forum by Sal Ternullo, CEO of Svrn AI, suggesting a reduction in the NEAR token issuance rate from 2.5% to 1.6% over 24 months, with the long-term goal of moving toward a fixed total supply. The proposal is currently open for discussion among validators, House of Stake representatives, and the broader NEAR community. NEAR officially stated that the NEAR Intents incident did not involve any vulnerabilities in NEAR Protocol or the native NEAR token; the network continued to produce blocks and process transactions without interruption. (Source: ODAILY)
NEAR Governance Forum Proposes Reducing Token Inflation from 2.5% to 1.6% Over 24 Months
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Summary
On October 2 (UTC+8), Sal Ternullo, CEO of Svrn AI, posted a new token listing proposal on the NEAR governance forum. The plan seeks to reduce NEAR token inflation from 2.5% to 1.6% over 24 months, with the long-term objective of establishing a fixed supply. Validators, House of Stake members, and the NEAR community are currently reviewing the proposal.
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