🚨 NEAR Protocol Approves Proposal to Reduce New NEAR Token Issuance NEAR Protocol confirms that the proposal to reduce the maximum annual issuance rate of NEAR from 2.5% to 1.6% has been approved. As planned, the new issuance rate will be implemented in phases over a 24-month period, rather than taking effect immediately. This move aims to slow the growth of the $NEAR supply, thereby mitigating inflationary pressure and enhancing the token’s long-term scarcity.
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