01-05-2022, 05:26 AM
Algorand Governance Distribution Breakdown - 50,000 transactions costing just 50 ALGO
<!-- SC_OFF --><div class="md"><p>Those that signed up for the first round of governance will have received their rewards now.</p> <p>50,000 transactions took just 20 minutes, with $100 million worth of ALGO distributed. The total transaction fee costing 50 ALGO. </p> <p>Now whether you have a bag of ALGO or not, its good to see what is possible with crypto and can only be seen as a positive for us all.</p> <p>For those that aren't aware, the rewards were around 3.5% for the 3 month locked period - that's 14.75%APR. Again, this is only another positive for us all. Its well above inflation and considerably more than any bank would offer in a standard savings account. </p> <p>The deadline for the second round of Governance is the 6th January, so if you're thinking about locking it in until the end of March you've got a couple of days left (depending where you are in the world).</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dmack080288"> /u/dmack080288 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rw4j5a/algorand_governance_distribution_breakdown_50000/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rw4j5a/algorand_governance_distribution_breakdown_50000/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Those that signed up for the first round of governance will have received their rewards now.</p> <p>50,000 transactions took just 20 minutes, with $100 million worth of ALGO distributed. The total transaction fee costing 50 ALGO. </p> <p>Now whether you have a bag of ALGO or not, its good to see what is possible with crypto and can only be seen as a positive for us all.</p> <p>For those that aren't aware, the rewards were around 3.5% for the 3 month locked period - that's 14.75%APR. Again, this is only another positive for us all. Its well above inflation and considerably more than any bank would offer in a standard savings account. </p> <p>The deadline for the second round of Governance is the 6th January, so if you're thinking about locking it in until the end of March you've got a couple of days left (depending where you are in the world).</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dmack080288"> /u/dmack080288 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rw4j5a/algorand_governance_distribution_breakdown_50000/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rw4j5a/algorand_governance_distribution_breakdown_50000/">[comments]</a></span>Kind Regards R