Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts
Found the internet!
r/CryptoCurrency
249
Posted by
2 months ago
HelpfulWholesome2Tree Hug

4.1 Billion ALGO out of 6.95 Billion ALGO circulating supply have been committed to Algorand Governance Period 4. If you missed out, don't worry! Algorand Governance runs until 2030 and the next governance period starts October 1st! Cheers to all the ALGovernors! I go, You go, We ALGO.

To see amount committed to governance:

https://governance.algorand.foundation/governance-period-4


Governance Overview:

The Algorand ecosystem moved to a decentralized Governance model in Q4, 2021. Community Governance enables all Algo holders to participate in the decision making process on the growth and development of the Algorand ecosystem. The Governance approach for the Algorand community is designed for simplicity and maximum participation:

  • Four quarterly Governance periods per calendar year.

  • Each governor must commit to keeping a certain Algo balance for each quarterly Governance period.

  • There will be at least one voting session in each period.

  • Governors must vote in each voting session, but can choose to use a simplified UI to “vote with the Foundation”.

  • Every measure to be voted on will have an information pack explaining it.

  • Compliant Governors claim rewards for their service at the end of each quarterly Governance period.

  • Reward levels are tied to the Algo commitment of a governor.

  • Specific Rewards pool for each period, decided by Governance vote.

The participation rewards program has now been fully distributed and are completely replaced by increasing Governance Rewards for participants of Algorand Governance.

To learn more:

https://algorand.foundation/governance

155 comments
75% Upvoted
level 1
ModModerator Achievement · 2 mo. ago · Stickied commentLocked

Algorand pros & cons and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the Cointest and potentially win Moons. Moon prizes by award for the Coin Inquiries category are: 1st - 300, 2nd - 150, 3rd - 75, and Best Analysis - 500.


To submit an Algorand pro-argument, click here. | To submit an Algorand con-argument, click here.

Vote

3 more replies

level 1
· 2 mo. ago
Bronze | QC: CC 15

Thanks for this post. I saw it and still had 30mins left to sign up. Almost missed out.

55
level 2
· 2 mo. ago
Tin | CC critic | SHIB 23 | Politics 18

Damn I missed it

14
level 2
· 2 mo. ago
Bronze | QC: CC 22

I missed it by ONE minute today. Mainly because I had my browser refreshing on period #2 for the last month that showed registration closed. Then saw a reminder today and did more digging. I dumb.

2
level 2
Op · 2 mo. ago

Woooooooooooo! Welcome Governor, glad to have you as part of the ALGOFAM!

6
level 2
· 2 mo. ago
Platinum | QC: CC 446

Well i know actually missed up, see ya in october.

3
level 2
· 2 mo. ago · edited 2 mo. ago
Tin | 6 months old

I love Algo but I fucking hate that I keep missing out on this shit. When it goes up again I'll probably sell because I'm done dealing with this bullshit.

3
level 2
· 2 mo. ago
Platinum | QC: CC 189

One of us

1
level 2
· 2 mo. ago
Platinum | QC: CC 366 | Superstonk 19

Fuck I missed out, have been on a holiday the past weeks

1
level 1
· 2 mo. ago
Platinum | QC: CC 55

Been getting sweet 8-10% back thru governance after ~80% loss from price tanking past 6 months.

Ohhhh yea, but I’m in it for the long game —- at least that’s what I tell myself haha

62
level 2
· 2 mo. ago
Platinum | QC: CC 27 | SC 8

If most holders do governance, then we're not really getting anything of value. We're creating an extra 10% and giving it to ourselves.

All it does is increase the total supply. ALGO-USD falls by the same amount of the added inflation, so we're not really any better off.

13
level 2
Op · 2 mo. ago

Unrealized losses are part of investing, and learning to not be influenced by the markets is important. Algorand growth metrics are amazing, so much happening in the ecosystem. Remember, 1 ALGO = 1 ALGO.

The only new ALGO to be released into the market are coming from governance and way over half are committed to governance this period and it is increasing each period.

Patience will be rewarded.

Algorand is as legit as they come.

4
level 2
· 2 mo. ago
Platinum | QC: ALGO 104, CC 19 | BANANO 18 | r/WSB 49

Been getting sweet 8-10% back thru governance after ~80% loss from price tanking past 6 months.

This made my laugh. I'm right there with you. Good opportunity to bring your cost avg down, at least that is what I tell myself.

2
level 2
· 2 mo. ago
Platinum | QC: CC 411

That applies to every coin not just algo

-1
level 2
· 2 mo. ago
Platinum | QC: CC 76 | r/WSB 86

I’m right there with ya

1
level 1
· 2 mo. ago
Eureka!
Platinum | QC: ALGO 187, CC 104 | PersonalFinance 42

FIFA will be launching their NFT marketplace on Algorand during this window. Excited to see what other partnerships this team has up their sleeve!

17
level 2
Op · 2 mo. ago

I honestly can't wait. I truly believe Algorand is going to explode once this happens.

People don't realize how big of a partnership this is. FIFA is HUGE.

11

About Community

The leading community for cryptocurrency news, discussion, and analysis.
Created Mar 11, 2013

5.4m

Members

5.4k

Online


Community Points

Moons
102,244,261
Total
Moons reward posters, commenters, and moderators for their contributions to the subreddit. They are distributed monthly and used to weight your vote on polls.