MultiversX Tracker is Live!

It's official. The Accelerated Vesting Program is complete.

All Cryptocurrencies

by COINS NEWS 249 Views

The Algorand Foundation has confirmed that the program has now ended: https://algorand.foundation/news/accelerated-vesting-complete.

You can read about EIP-11252019AF here. It shows that the plan was to continue vesting until 2024, but Algorand has performed so well so consistently that we're already done before the end of 2021.

Approximately 200 million ALGO still need to be paid out, which is why the circulating supply still says 6.1B not 6.3B. In any case, this marks the end of the bad tokenomics argument. Even with built-in inflation (since not all ALGO is in circulation yet) it beats fiat inflation. Now that price suppression is over, and the governance program is about to start, the sky is the limit for Algorand.

submitted by /u/Deeyennay
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments