A close administration approves a major cut in supply -. But Token Slides 7% Close Protocol administration approved a proposal to reduce the maximum annual token issuance from 2.5% to 1.6% over 24 months to limit supply growth and token dilution. The gradual reduction will prevent a turnover of about 11.8 million in the first two years, with a total reduction of 66.1 million over six years. Following the announcement, close price fell 7% to around $3.84, making it one of the market's weakest performers amid broader altcoin losses.