Algoland Foundation Transparency Report: Distribution of 1.25 billion Algo Community Incentives

2021-5-14 18:10
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According to the report, the Algorand Foundation Transparency Report (March 2021) has been released. During the reference period (October 1, 2020 to March 31, 2021), 1.64 billion Algos were allocated as follows: -Support community: 1.25 billion from Algo. 135.49 million freebies were distributed during the broadcast period, and 64.68 million basic versions of Algo were distributed to early promoters / relay nodes. The only reimbursement related to this announcement period is Algo 50 million, a semi-annual payment based on the Algo 200 million payment. - Ecosystem improvement: 348 million Algo. At the time of the announcement, Algo's 30 million lab had paid Algorand for a construction contract by mid-2020. As part of the Algo Gift Foundation, the foundation allocated 16.68 million Algo gifts and bonuses to manufacturers and businesses. A total of 1.17 million Algos were distributed to Algorand ambassadors, the community and business partners. - Other distributions: 45.7 million Algo.

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2021-5-14 18:12