Looks like the amount committed in Algorand's first governance period is just under 1.9 billion ALGO. This means that the governance reward will be 12% annualized, in addition to the 6% participation rewards - so that's 18% annualized in total. Happy days! https://algorand.foundation/governance/first-period-rewards #Cryptocurrency
2 comments
https://read.cash/@cryptotexty/algorand-governance-starts-a91103e1
Darn. Now I wish I had more ALGO. Does ALGO have a legitimate use case, or is it just another speculative altcoin?