Near Foundation treasury drops to $900M as token price plunges
According to the July 10 report, the Near Treasury presently consists of $349 million in fiat, 315 million NEAR, and $90 million in loans and investments. Developers wrote:” The NEAR Foundation has actually continued to embrace an extremely accountable technique to treasury management in order to reduce the danger of loss in a rough market, while continuing capital deployment to fulfill its objective. Formerly in Q4 2021, Near Protocol established an $800 million ecosystem fund divided into decentralized financing grants, structure grants, start-up funds, and funds for local hubs.Collect this article as an NFT to maintain this moment in history and reveal your support for independent journalism in the crypto space.Magazine: Cryptocurrency trading dependency: What to look out for and how it is dealt with
At the end of Q2 2023, layer-one blockchain Near Protocols (NEAR) treasury had actually declined to $900 million, led by a fall in the cost of NEAR tokens from $1.99 to $1.38 apiece.At the #NEAR Foundation, transparency is at our core.Check out the Foundations Q2 23 Openness Report listed below for all the details on treasury, method, OKRs, and more! https://t.co/EXZcmhC7sA pic.twitter.com/twxiSffiWM— NEAR Foundation (@NEARFoundation) July 10, 2023