1.6B Algo
We provide rewards for those who participated and support the ongoing growth of the Algorand network and ecosystem. This event is part of a broader effort to build a robust and active community around Algorand’s scalable blockchain solutions. Incentive Reward of $10,000 ALGO is ready for each selected user.
Governors who register and commit Algos for a three month period during the sign up phase are entitled to vote in the period’s voting sessions.
Targeted DeFi and NFT Rewards Allocation
Governance works in cycles. Each cycle lasts three months and contains a sign up phase, a voting phase and a rewards phase. The rewards are distributed within the first 7 days, after the end of the period.
Governance is a decentralized program which allows Algo holders to vote on the future of Algorand. Committing Algos to governance for a three-month period allows you to vote on measures proposed by the Foundation and earn rewards for doing so. Governance replaces the former participation system where rewards were automatically added to your Algo wallet.
As an Algo holder, your voice is important. Voting on the future of the protocol ensures the Algorand decision making process stays decentralized and that your voice is heard.
Governance works in cycles. Each cycle lasts three months and contains a sign up phase, a voting phase and a rewards phase. Governors who register and stake Algos for a three month period during the sign up phase will be entitled to vote on the voting measures put forward by the Foundation in the voting phase, and will then receive rewards in the rewards phase. You must both keep your balance above the committed Algo amount and vote to be eligible for rewards.
To participate in governance, you must sign up during the sign up phase. If the sign up phase is closed for the current period, you must wait for the next period's sign up phase to open.