10-06-2021, 03:41 AM
It's official. The Accelerated Vesting Program is complete.
<!-- SC_OFF --><div class="md"><p>The Algorand Foundation has confirmed that the program has now ended: <a href="https://algorand.foundation/news/accelerated-vesting-complete">https://algorand.foundation/news/accelerated-vesting-complete</a>.</p> <p>You can read about EIP-11252019AF <a href="https://algorandfoundation.cdn.prismic.io/algorandfoundation/eb2a8c69-2262-42f8-99a4-09df485207b5_EIP-11252019AF_+Conditional+Accelerated+Vesting+Nov+30.pdf">here</a>. 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.</p> <p>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.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Deeyennay"> /u/Deeyennay </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1tx8a/its_official_the_accelerated_vesting_program_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1tx8a/its_official_the_accelerated_vesting_program_is/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The Algorand Foundation has confirmed that the program has now ended: <a href="https://algorand.foundation/news/accelerated-vesting-complete">https://algorand.foundation/news/accelerated-vesting-complete</a>.</p> <p>You can read about EIP-11252019AF <a href="https://algorandfoundation.cdn.prismic.io/algorandfoundation/eb2a8c69-2262-42f8-99a4-09df485207b5_EIP-11252019AF_+Conditional+Accelerated+Vesting+Nov+30.pdf">here</a>. 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.</p> <p>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.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Deeyennay"> /u/Deeyennay </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1tx8a/its_official_the_accelerated_vesting_program_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1tx8a/its_official_the_accelerated_vesting_program_is/">[comments]</a></span>Kind Regards R