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:
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: