NEAR Opens Vote on Proposal to Cut Token Issuance to 1.6%

The proposal matters less as a headline number than as a test of NEAR's governance plumbing: token supply changes here require both a community vote and a separate validator-adopted network upgrade, so approval alone would not guarantee implementation. The two-step structure puts validators in the decisive role, and any divergence between the vote outcome and validator adoption is the real signal to track. Whether the 24-month path and grace period survive that second gate—and how issuance policy becomes a recurring governance question for the network—is the open question.