A new proposal from the NEAR community plans to reduce the token issuance rate from 2.5% to 1.6% within 24 months.

BlockBeats news, on October 2, according to official news, a new proposal appeared in the NEAR governance forum, put forward by Svrn AI CEO Sal Ternullo, which proposed to reduce the NEAR token issuance rate from 2.5% to 1.6% within 24 months and promote a fixed total supply direction in the long term. The proposal is currently open for discussion among validators, House of Stake representatives, and the entire NEAR community.

In addition, NEAR officials stated that the NEAR Intents incident did not involve NEAR Protocol vulnerabilities or native NEAR tokens. The network has been continuously generating blocks and processing transactions with zero downtime.