NEAR Co-founder Illia Says He Will Propose Transitioning NEAR to Fixed Supply in Coming Years

CoinFeed July 2 news, NEAR Protocol co-founder Illia, in response to community suggestions about referencing Hyperliquid's large-scale token burn through the foundation and strengthening the NEAR Foundation buyback plan, stated that simply burning foundation funds is 'very inefficient,' as other ecosystems have already learned the hard way. He revealed that he is drafting a new proposal that will 'do the opposite' and provide a clear path for NEAR to transition to a fixed total supply in the coming years. Several community members expressed anticipation for this, believing that a fixed supply signal is better than a one-time burn.