Markets1 source
NEAR token sinks 7% as proposal to cut annual token issuance passes
Headline from Cointelegraph
Key points
- The NEAR token dropped 7% following the approval of a proposal aimed at reducing its annual token issuance.
- Under the new plan, roughly 11.8 million NEAR will be kept from entering circulation over the next two years.
- At current market rates, this restricted supply is valued at approximately $45 million following the successful governance vote.
Summarized automatically by Kryptokite from reporting by Cointelegraph. Read the original sources for full detail.
Coins mentioned
Sources
- CointelegraphNEAR token sinks 7% as proposal to cut annual token issuance passes · 3 hours agoRead on Cointelegraph
Story timeline
- 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%
- U.Today1 min read
Near Protocol (NEAR), XRP, Zcash (ZEC) and Shiba Inu (SHIB) Price Analysis for November 3: Is Recovery Still Possible?
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