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NEAR Governance Approves Major Supply Cut – But Token Slides 7%
Headline from CryptoPotato
Key points
- The NEAR governance community has officially approved a major tokenomics update that is set to cut the cryptocurrency's projected token supply by 4.36% over the next six years.
- Despite this structural change, which also lowers staking returns for network participants, the NEAR token experienced a 7% price decline following the announcement.
Summarized automatically by Kryptokite from reporting by CryptoPotato. Read the original sources for full detail.
Coins mentioned
Sources
- CryptoPotatoNEAR Governance Approves Major Supply Cut – But Token Slides 7% · 3 hours agoRead on CryptoPotato
Story timeline
- Unchained1 min read
NEAR Blockchain Holders Vote to Trim Max Issuance to 1.6%, Pending Validator Adoption
- Bitcoinist1 min read
NEAR Price Drops 7% as Token Issuance Cut Proposal Passes
- Cointelegraph1 min read
NEAR token sinks 7% as proposal to cut annual token issuance passes
- CryptoPotato1 min read
ZEC and NEAR Tank Again, BTC Dives Ahead of US Midterm Elections: Market Watch
- The Block1 min read
NEAR governance approves proposal to cut token issuance ceiling to 1.6%
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