According to Cointelegraph, a proposal to reduce NEAR's annual token issuance has been approved by vote. If implemented, the reduction plan is expected to decrease the number of NEAR tokens entering circulation by 11.8 million over two years, valued at approximately $45 million based on the reported price. The above represents the expected supply impact of the plan and does not mean that 11.8 million tokens have been burned or that the reduction has been fully implemented.