Markets1 source
NEAR Price Drops 7% as Token Issuance Cut Proposal Passes
Headline from Bitcoinist
Key points
- NEAR token experienced a 7% price decline on November 3, dropping to approximately $3.82 despite community approval of the HSP-029 proposal.
- This approved measure lowers the maximum annual token issuance rate from 2.5% to 1.6% across a 24-month period.
- The issuance reduction aims to prevent roughly 11.8 million NEAR tokens from entering circulating supply.
Summarized automatically by Kryptokite from reporting by Bitcoinist. Read the original sources for full detail.
Coins mentioned
Sources
- BitcoinistNEAR Price Drops 7% as Token Issuance Cut Proposal Passes · 3 hours agoRead on Bitcoinist
Story timeline
- 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%
- U.Today1 min read
Near Protocol (NEAR) Super-Rally Is Over: Almost 50% Is Gone
- Crypto Briefing1 min read
NEAR Protocol approves cut to max annual issuance from 2.5% to 1.6%
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