NEAR to burn 100% of gas fees after nearcore 2.14 upgrade
- —The burnt_gas_reward parameter drops from 0.3 to zero, sending all fees to burn
- —HSP-027 passed with 46 votes carrying 4.66 million veNEAR, against 2 votes with 1,819 veNEAR
- —About 1.308 billion NEAR are in circulation with no fixed supply cap
- —NEAR trades at $5.46, up 11.3% in 24 hours and about 175% over 30 days
Why it matters: The burn deepens deflation as network activity grows, but removes a 30% fee rebate for contract operators.
Source: CryptoTicker