NEAR Co-founder Rejects Token Burn, Plans Fixed Supply Path
2026-07-02 21:11

Woofun AI reports that NEAR Protocol co-founder Illia Polosukhin rejected a proposal to burn NEAR Foundation tokens, characterizing the method as "a very inefficient way" and noting that similar actions in other public blockchain ecosystems yielded no tangible benefits. Polosukhin disclosed that a new proposal is being drafted to establish a specific path toward a fixed token supply for NEAR through an alternative approach, with implementation expected in the coming years.

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Tags:
NEAR
Illia Polosukhin
NEAR Foundation
NEAR Protocol
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