The NEAR token fell about 7% following a community vote approving a plan to reduce token issuance by 11.8 million over two years. The proposal, which passed with 99.9% support, aims to lower the annual issuance rate from 2.5% to 1.6% gradually, potentially cutting 66.1 million tokens over six years. This change would also reduce staking yields from 5.2% to 3.3%. The new issuance rate will not take effect immediately, pending a 14-day veto window by the Security Council and a 90-day grace period after ratification, along with necessary validator upgrades.
Following the vote to reduce NEAR's token issuance, the token is down 6.11% on Pluang as of Nov 03, 2026 20:03 WIB, trading at Rp70.154. This decline contrasts with its relatively high market cap of Rp92,55 trillion and active 24-hour volume of Rp13,65 trillion. The near balance in Pluang order activity, with 49% selling and 51% buying, indicates mixed sentiment among investors despite the recent governance change.
Privacy-focused cryptocurrencies saw mixed performance amid a broader crypto market decline, with Zcash falling 7% and triggering $14.55 million in liquidations. Meanwhile, Monero defied the trend, gaining nearly 3% and extending its 90-day rally to ...
NEAR Protocol's price dropped 9% to $3.75 on November 3, extending weekly losses to over 14% amid selling pressure on AI-related cryptocurrencies and the broader market. The decline follows a proposal approved by NEAR's House of Stake to reduce annua...
NEAR Protocol's House of Stake approved a proposal to gradually reduce the network's maximum annual token issuance from 2.5% to 1.6% over 24 months, aiming to curb token inflation. The change, supported by 99.96% of on-chain votes, keeps the token di...
Bitway (BTW) led losses among the top 89 non-stablecoin cryptocurrencies, falling 13.82% to $0.909. Other significant drops included Zcash (ZEC) down 10.95%, NEAR Protocol (NEAR) down 10.79%, and Aave (AAVE) down 7.61%. Despite widespread declines, R...
NEAR Protocol's governance approved proposal HSP-029 to reduce the network's maximum annual token issuance from 2.5% to 1.6%, a 36% cut phased in over 24 months following a 90-day grace period. This follows a previous reduction from 5% to 2.5% in 202...
