holo price

As a Shanghai local, I have deeply felt the obsession of the recent years' local elites with the "old money style". Brunello Cucinelli alone has three stores in Shanghai, while Loro Piana has seven. One of the most popular menswear categories on Douyin is the high replicas of BC and LP. In the summer, if you take a stroll around Xuhui Riverside, who doesn't have a BC cashmere T-shirt? And with a pair of Lindberg 9704 glasses, it’s hard to gauge the depth at first glance. Five years ago, when I was working in an investment bank, I also liked to buy clothes. The brands I favored back then were Brioni, The Row, and Ralph Lauren Purple Label. At that time, it seemed there was no concept of "old money style"; it was purely because I felt the designs had quality, could transcend cycles, and even looked better over time. I have a Ralph Lauren Purple Label down jacket that I've worn for 7 years, and it still doesn’t look outdated. When I go out to meet a potential partner at TRB, it helps me skip over quite a few questions. Having been a crypto investor for over two years, I have witnessed the rise and fall of many public chains, and NEAR has left a deep impression on me. Established over five years ago, it has been around longer than my career in finance and is a true old money in the public chain space. In the past, when evaluating the fundamentals of Infra projects, the economic model, especially the inflation level, was one of the important factors. This is because, under the objective fact that token utility cannot enhance effectiveness, it directly influences the supply-demand relationship by adjusting the circulation level. After three cycles of iteration, NEAR has achieved an efficient network architecture—8 shards running stably, with performance well above expectations and operating costs significantly lower than anticipated. The network's reliance on high inflation incentives has clearly decreased. Thanks to excellent optimization of system resource scheduling, NEAR's average transaction cost is very low, with the supply destroyed in 2024 accounting for only about 0.1% of the total. Against this backdrop, NEAR recently initiated a proposal to reduce inflation, which is crucial for optimizing the economic model of the NEAR token. Core of the proposal: - Decrease in inflation rate: Lower the maximum annual inflation rate of $NEAR from 5% to 2.5%. - Reduce net issuance speed: If this inflation reduction proposal is approved, it will significantly slow down the net issuance speed of $NEAR, making its supply-demand relationship more balanced. - Entering deflation: With the increase in transaction fee burns brought by future AI Agents and NEAR Intents, $NEAR is expected to gradually move into the deflationary zone, further enhancing its scarcity and providing stronger support for its price. Potential impacts: The most imaginative aspect of this proposal is the optimization of the price logic of $NEAR: - The economic model becomes healthier and more sustainable due to the slowed inflation dilution. - It helps narrate a new cycle for NEAR: AI, NEAR Intents, and Chain Abstract set up practical scenarios for deflationary space. - It promotes the use of $NEAR through on-chain activity rather than relying on inflation incentives for locking. At the same time, it releases DeFi liquidity and improves capital utilization efficiency. The staking model of $NEAR will also be restructured to encourage long-term staking behavior: in the future, it will support a floating APY of 4%-11%, linked to the staking duration, optimizing returns for long-term participants. Discussion address: Voting link: Timelessness is the unique charm of old money, and NEAR has also gained institutional favor due to its strong vitality. Not only do many of my friends' funds hold $NEAR, but it is also the second-largest holding in Grayscale's Decentralized AI Fund, accounting for over 25% of the holdings. If you are a holder of $NEAR, you might consider voting to witness the arrival of a new phase for NEAR.

I am a small node on the chain, named N-5732. You all keep talking about those dazzling names—Rhea Finance, Near Protocol, and those shining numbers on the leaderboard. My existence is hardly noticed. Yet I witness every heartbeat of this chain, like a little fish hidden in the torrent of data. A few days ago, there was a lot of chatter on the chain. Rhea Finance went live, and many flocked to it, with data jumping on the screen. On DeFillama's leaderboard, Near's TVL ranked 35th, similar to TON. On DappRadar, the number of independent active wallets surprisingly ranked first and second. Everyone said it was incredible, that it didn't match their intuition. But I know that behind these numbers are countless nodes like me, tirelessly verifying, transferring, and signing day and night. One day, a proposal to reduce inflation began to ferment on the chain. The lights in the discussion area never went out. Some said that a 5% annual inflation rate was too high, and the transaction fees were so low that it felt almost negligible, leading to an expansion of token supply and dilution of holders' rights. Others worried that if it dropped to 2.5%, yields would decrease, stakers would unlock their stakes, and the chain's security would be affected. I am just a small node; no one asks for my opinion. But every time a new block is generated, I silently record these debates, votes, worries, and hopes. Some say that in the future, AI Agents will activate the Near chain, consuming more tokens, and perhaps making deflation a reality. Someone posted late at night: "Are we just data-driven pawns?" I remember the excitement of my first time online—back then, no one cared about rankings, yields, or inflation rates. Everyone was just trying to build a fairer world. Now, all discussions revolve around numbers, rankings, and yields. But deep within the chain, nodes like me continue to silently guard the network's security and stability. Voting is still ongoing. Perhaps in the end, the inflation rate will drop to 2.5%, or perhaps it won't. Maybe some nodes will leave, and some new nodes will join. But I know that regardless of the outcome, the story of this chain will continue. And I will still record our little glimmers in every block. What you see are leaderboards, yields, proposals, and votes. What I see are the small but indispensable existences behind the data, the souls that quietly shine on the chain. Perhaps we are the true protagonists of this story.

A few days ago, I just finished watching @rhea_finance on Near. I continued to look at some other information on the blockchain. Currently, Near: - Ranks 35th in TVL on DeFillama, close to TON - Ranks 1st/2nd in UAW (Unique Active Wallets) on DappRadar, which is quite incredible and feels different from the actual experience. I also saw an ongoing, relatively important proposal to reduce inflation: Discussion address (contains voting): Holders should take a look at the voting; it will end in about a month. 1️⃣ Background of the proposal - The current annual inflation is 5%, but due to Near's extremely low transaction fees, the burn mechanism can only destroy about 0.1% of the supply each year, leading to unnecessary token supply growth and dilution. - The inflation mechanism is compounded, which is not very friendly to holders. 2️⃣ Therefore, the proposal is to reduce inflation from 5% to 2.5%, which will have some impacts: - First, the issuance speed will undoubtedly decrease, which is a good thing overall, as many chains have already proven. - The current staking yield for $Near will temporarily decrease because of fewer rewards. - Many AI Agents are being deployed on Near, and if these scenarios become more active and consume enough $Near, it may create a deflationary range. 3️⃣ Challenges This is actually a challenge for Near, which is how to solve the problem of: decreasing inflation and lower staking yields. Some stakers will inevitably unstake, which will raise the yield and reach a new balance. Will unstaking affect the price of the token? I speculate that those who unstake, if they are so sensitive to yield, might be hedging users? New ideas are welcome. Near's approach might be to introduce a staking time factor, meaning that those who stake for a longer time can receive a higher APY, even exceeding the current range, with an expected range of 4% - 11%. This might hedge against this challenge. Let's see 👀

Bullish for $Near! Vote inflation from 5% down to 2.5%

Proposal is up by HOT following a lot of community discussion for reducing NEAR inflation down to 2.5% I support this proposal. Lower inflation allows to better position NEAR as store of value for AI To add few more reasons: - NEAR continues to innovate keeping tx prices very low while being the be of top blockchains by number of transactions. - High staking yield effectively offering “no risk” return limits DeFi development. - House of Stake is planning to offer alternative method to stake and earn for participants who are long term aligned with network allowing to have higher yield and governance power. It’s also important to remember that new ways of generating demand for NEAR coming with fees from Intents. It’s exciting to see evolution of NEAR economics and I’m looking forward to the vote!