NEAR token sinks 7% as proposal to cut annual token issuance passes
Summary
The NEAR token price dropped seven percent following the approval of a governance proposal. This new measure is designed to reduce the supply of newly issued tokens entering the market over a two-year period.
The proposed issuance cut would prevent 11.8 million NEAR from entering circulation over two years, worth about $45 million at today’s price.
Source: Read the full story at Cointelegraph.com News
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