- NEAR0%
BlockBeats News, July 2nd - NEAR Protocol co-founder Illia Polosukhin responded to a proposal to burn the NEAR Foundation tokens, stating that burning is "a very inefficient way" and pointing out that other public blockchain ecosystems have previously burned foundation funds without tangible benefits. Illia Polosukhin revealed that a new proposal is being prepared to outline a specific path towards a fixed token supply for NEAR through a different approach, with the expectation of implementation in the coming years.
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