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      NEAR Protocol Initiates Vote to Reduce Token Issuance Rate

      NEAR Protocol has launched a vote to potentially reduce its token issuance rate to 1.6%. This proposal, known as HSP-029, aims to implement the change over a period of 24 months following a 90-day grace period.

      In order for the proposed reduction to take effect, validators within the NEAR network must also approve a separate network upgrade. This step is crucial for the successful implementation of the new issuance rate, which is designed to enhance the economic sustainability of the NEAR ecosystem.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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