February 22, 2021
Update on Early Backer Accelerated Vesting
By Algorand Foundation
February 22nd, 2021 - Update on Early Backer Accelerated Vesting of Algorand. The vesting schedule agreed by members of the Early Backers program, EIP-11252019AF, contained a vesting acceleration mechanism, which, under certain market conditions, would accelerate the vesting of these tokens and bring forward the end date of the early backer program.This acceleration mechanism does not increase the fixed, total amount of tokens in the early backer program - it increases the daily vesting amount of those tokens. The Early Backer vesting program, without acceleration, would be completed in 2024.