NEAR Governance Lowers Token Issuance Ceiling to 1.6% Over Two Years
The NEAR network's House of Stake has approved a proposal to reduce its maximum annual token issuance rate.
The NEAR network's House of Stake has approved a proposal to reduce its maximum annual token issuance rate. NEAR Protocol (NEAR) is trading at ₹365 ($3.85), up 0.5% since this brief published. This is an original Token Times brief based on reporting by The Block, with live market data added, as of Tue, 03 Nov 2026 11:30:01 UTC.
This decision aims to control inflation and potentially increase the token's scarcity, which could positively impact its value. It also demonstrates the network's commitment to responsible economic policy.
- NEAR's maximum annual token issuance rate reduced from 2.5% to 1.6% over 24 months.
- Proposal HSP-029 passed by NEAR's House of Stake governance body.
- NEAR price down 6.86% in 24 hours amid broader market decline.
- NEAR Protocol Price Drops 9% Amid AI Crypto Sell-Off and Token Issuance Concerns
- NEAR Governance Lowers Token Issuance Ceiling to 1.6% Over Two Years — this brief
NEAR's governance body, the House of Stake, has approved proposal HSP-029, which reduces the network's maximum annual token issuance rate from 2.5% to 1.6% over a 24-month period.
This move is designed to control inflation and could enhance the scarcity of the NEAR token, potentially bolstering its value. The decision reflects the network's focus on implementing responsible economic policies.
The proposal was passed by the governance body, indicating a consensus among stakeholders on the need for reduced token issuance. This development comes amid a broader market downturn, with the total crypto market cap at $2.65 trillion and 
Bitcoin down 1.25% in the last 24 hours.
NEAR's Total Value Locked (TVL) stands at $111.08 million, having decreased by 13.2% over the past week, according to DeFiLlama. The NEAR token itself is currently priced at $3.83, having fallen by 6.86% in the last 24 hours and 14.03% over the past week.
The reduction in token issuance could be a positive signal for investors, as it suggests the network is taking steps to maintain the value of its token. However, the immediate market reaction has been negative, with NEAR's price declining in the short term.
Since this brief published about 2 hours ago, NEAR Protocol (NEAR) has moved from ₹363.58$3.83 to ₹365.47$3.85 — +0.52%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 NEAR ≈ ₹403.67 (about $3.85), down 6.4% over 24 hours. The rupee itself trades about 10.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 3, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Governance Lowers Token Issuance Ceiling to 1.6% Over T — questions & answers
What is the new maximum annual token issuance rate for NEAR?
The new maximum annual token issuance rate for NEAR is 1.6%.
How long will it take to implement the reduced issuance rate?
The reduced issuance rate will be implemented over a 24-month period.
Why did NEAR decide to lower its token issuance rate?
The decision aims to control inflation and potentially increase the token's value.
How much is 1 NEAR Protocol worth in rupee today?
About ₹403.67 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $3.85. The rupee price moves with both NEAR's US-dollar price and the USDT/INR rate; use our NEAR Protocol in rupee page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is up 0.52% since this brief first published — trading at ₹365 ($3.85) now versus ₹364 ($3.83) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Block. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.