NEAR Opens Vote on Proposal to Lower Token Issuance to 1.6%
Edited by Steinar Vigdel Kolnes, Editor, Oslo
NEAR’s HSP-029 proposal would reduce token issuance to 1.6% over 24 months following a 90-day grace period, with a separate network upgrade requiring validator adoption.
NEAR has opened voting on HSP-029, a proposal to bring token issuance down to 1.6%, according to The Defiant.
The proposed reduction would take place over 24 months, starting after a 90-day grace period rather than taking effect immediately.
The vote is not the only step required to implement the change. Validators would also need to separately adopt a network upgrade.
Source: The Defiant
