{
  "id": 17964450,
  "title": "NEAR token sinks 7% as proposal to cut annual token issuance passes",
  "url": "https://urgent.news/2026/11/03/near-token-sinks-7-as-proposal-to-cut-annual-token-issuance-passes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T12:30:13.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/near-sinks-7-proposal-cut-annual-token-issuance-passes"
  },
  "original_language": "en",
  "account": null,
  "summary": "The NEAR token saw a 7% decline following the approval of a proposal to reduce the maximum annual issuance rate from 2.5% to 1.6% over 24 months. The reduction aims to limit the influx of 11.8 million NEAR tokens into circulation over two years, valued at approximately $45 million at current prices. Despite the community's overwhelming support for the proposal—99.9% of participating voting power cast in favor—NEAR's price has fallen 13% over the past week, down to $3.82. The proposal, HSP-029, is set to reduce long-term token dilution while lowering projected gross staking yields from 5.2% to 3.3% by the end of the 24-month period. The change will undergo a 14-day Security Council review and a 90-day grace period before the issuance reduction takes effect.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Block",
        "title": "NEAR governance approves proposal to cut token issuance ceiling to 1.6%",
        "url": "https://urgent.news/2026/11/03/near-governance-approves-proposal-to-cut-token-issuance-ceiling-to-1-6",
        "published": "2026-11-03T09:19:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}