NEAR coin House of stake: What you need to know

Hey everyone! You might wonder why I’m always talking about NEAR Protocol. Well, I’m a proud NEAR shareholder! If you hold just 50 NEAR tokens, you own 0.000004167% of the network, and if you hold 5 million, you’re a 0.416% shareholder. It’s an amazing tech to invest in, and here’s why NEAR’s new House of Stake governance model is a game-changer. What’s House of Stake? NEAR launched a new way to run things called the House of Stake, and it’s fully online! It lets anyone with NEAR tokens help make decisions for the network—like voting on updates or projects. You stake your NEAR tokens by locking them up to get veNEAR (vote-escrowed NEAR). The longer you lock your tokens, the more veNEAR you get, which gives you more voting power. You can also delegate your votes to someone else if you don’t want to vote yourself. Plus, they’re using AI to make this easier, starting as a helper and eventually doing more to keep things fair and fast. How Does It Make Money and Grow? NEAR grows when people build apps and use the chain every day—like for payments or games. Every time someone uses NEAR, they pay a small fee. Here’s what happens to those fees: • 30% goes to developers to reward them for building on NEAR. • 70% gets burned (taken out of circulation forever). Burning tokens is awesome for us shareholders! If 5 million NEAR tokens get burned due to high usage, the total supply drops, and your share of the network goes up. For example, your ownership could jump by 0.45% in one go—that’s more value for you! What About Inflation? NEAR used to mint new tokens at 5% per year to reward people securing the network. With House of Stake, they’ve added 0.5% more to reward those of us who stake and vote, making the total inflation 5.5%. More minting means more new tokens, which can lower your share a bit—but don’t worry! Staking with veNEAR lets you earn some of those new tokens, and the fee burning helps balance things out. We’ll dive deeper into the minting question in a few days. Why This Matters for Everyone This new governance model makes NEAR more open and fair. Anyone can stake, get veNEAR, and have a voice. The AI tools make voting easy, and veNEAR ensures only those who care about NEAR’s future get the biggest say. More people building and using NEAR means more fees, more burning, and more value for us shareholders. It’s a win-win for the whole ecosystem! —I’m excited to be part of NEAR’s future!