From TokenPost · · 40s
NEAR Token Issuance Vote Closes Nov 2
NEAR token issuance vote ends Nov 2 with supermajority needed for supply cut.
In brief
NEAR token issuance vote ends Nov 2 with supermajority needed for supply cut. The NEAR token issuance vote closes Nov 2 requiring supermajority approval to reduce token supply after a 90-day grace period. Originally reported by TokenPost.
House of Stake Vote
The House of Stake vote on reducing NEAR token issuance closes November second at eleven forty-eight a.m. et with a supermajority required to advance the supply change.
90-Day Grace Period
The plan includes a ninety-day grace period after ratification before gradual token supply reduction begins.
Token Allocation Shift
Newly issued tokens will allocate ninety percent to staking participants and ten percent to the protocol treasury after the vote passes.
The main idea
The NEAR token issuance vote closes Nov 2 requiring supermajority approval to reduce token supply after a 90-day grace period.
