NEAR to Reduce Token Emissions by 36%

NEAR Protocol governance participants have approved a proposal to gradually reduce the maximum annual token emission from 2.5% to 1.6%. The process will take 24 months and aims to reduce inflationary pressure.

Reducing the issuance of new coins will help slow down the increase in asset supply on the market. This step moves toward stabilizing the network's economy and enhancing the token's deflationary properties.

Next, the initiative must be reviewed by the Protocol Security Council. After approval, the changes will need to be implemented at the blockchain code level to actually activate the mechanism.