Oct 21, 2025
14 0
NEAR Protocol Votes on Reducing Token Emissions from 5% to 2.5%
The Near Protocol network is set to vote starting October 21 on reducing the NEAR token emission rate from 5% to 2.5% annually, similar to Bitcoin's halving process.
- Voting occurs at the node layer, with validators deciding to upgrade nearcore software to version 2.9.0.
- This release focuses on halving emissions and is fully backward compatible. Upgrading indicates a "YES" vote, while not upgrading counts as a "NO."
- An 80% approval or delegation of the network's active stake to NEAR block producers running nearcore v2.9.0 is required for the proposal's success.
- If the threshold is unmet by October 28, voting extends an additional 23 days.
- Failure to reach 80% results in maintaining the current 5% emission rate.
The rationale behind this change is to reduce unnecessary dilution and encourage greater participation in the NEAR ecosystem.
NEAR Price Analysis
- NEAR is currently trading at $2.34, below the 50-day exponential moving average, indicating bearish territory.
- Support zone ranges between $1.80 and $2.05; resistance zone between $3.05 and $3.40.
- Halving could reduce selling pressure and weaken the resistance zone mid-term, similar to Bitcoin's post-halving trends.
Near Protocol has gained attention in 2025 for its NEAR Intents protocols, connecting over 20 blockchains and appealing to privacy-focused users.