News from the Foundation

We are delighted to announce that Uncommon Creative has secured an Algorand Foundation Grant in the category Applications and Use Cases. Uncommon Creative is a new project aiming at disrupting the current freelance platforms and empowering remote workers with trustless tools for securing contracts, guaranteed transactions, and quick resolution of potential disputes.

Boston, MA – November 5, 2020 – PureStake, a leader in secure and reliable blockchain infrastructure, has released a new version of AlgoSigner in the Chrome Web Store. This update adds significant functionality for Algorand Standard Assets (ASAs) and enables users to perform more types of transactions in addition to payments. Users can now transact with a large variety of asset and token types from the universe of available ASAs when interacting with AlgoSigner-enabled dApps. These capabilities are a key component for building DeFi applications on Algorand.

London, UK, Nov 5, 2020 -- Mentat Innovations, a leading artificial intelligence and blockchain solutions provider to global enterprises, today announced that it will develop an open source SAP connector and Enablement API to the Algorand blockchain. Algorand, the world’s first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products, provides a stable and fast blockchain that is purpose built for enterprise type applications that Mentat’s clients are planning to deploy on established software platforms like SAP.

Update on a change to the Algorand Foundation Leadership Team

November 4th, 2020 - Since the Algorand Foundation launched its Grant Program earlier this year, many developers and innovators around the world have been eager to participate. After thorough review and selection, we are delighted to announce that Cudo is the latest recipient of an Algorand Foundation Grant.

October 27th, 2020 - PlanetWatch, a French startup which is leveraging the Algorand blockchain to build a global air quality ledger, announced today that it has already activated over 100 sensors in the Italian cities of Milan and Taranto.

Singapore - 19th October 2020 - Algorand Asia Accelerator by Algorand Foundation, the steward of the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol, and Borderless Capital, the Algorand-focused blockchain venture fund, announces the launch of its program with its introductory debut of ten startups. Powered by LongHash Ventures, this year’s cohort has been selected to encourage innovation within Finance 3.0, the more open, permissionless, and efficient financial ecosystem designed and built on blockchain.

London - 15th October 2020 - Algorand Europe Accelerator launched today to support early stage projects looking to build applications on the Algorand platform. Applications are now open until 18th December 2020. You can submit your application here. This program is a joint initiative led by Eterna Capital, Borderless Capital and the Algorand Foundation.

Algorand shares its October 2020 Transparency Report and its first Ecosystem Development Progress Report

October 12th, 2020 - In order for the blockchain to make a big impact on the world, Algorand is creating an ecosystem that is easy to build with, use, and maintain - even when scaling to millions of users.  The recipients of this month’s Algorand Foundation awards are helping to build the development tools, infrastructure, and research needed to make building applications with  Algorand as easy as possible.  

October 1st, 2020 - August and September have been two busy months for the Algorand community. During this time, we have distributed seven further new Algorand Foundation Grants to some amazing recipients. The Algorand Foundation 250M ALGO Grant Program supports grant applications across four categories; Development Tools & Infrastructure, Research Proposals, Applications & Use Cases, and Education & Community.

September 30th, 2020 - On September 27th, in Beijing, the Open Permissioned Blockchain Initiative (O.P.B) of the Blockchain-based Services Network (BSN) was officially announced. Algorand - the world’s first open-source, permissionless, pure proof-of-stake blockchain, for the next generation of financial products, was revealed as one of the first major public chains to join the O.P.B Initiative. Just a few days ago, Algorand completed its first stage of cooperation with BSN - its integration with the BSN International portal and launched both its mainNet and testNet on bsnbase.io.

Sept 24th, 2020 - Algorand Foundation Grant recipient Reach has now moved to the next stage in their project to build the safest and easiest DApp programming language, that works across many different blockchains. Reach is now ready to onboard Algorand developers.

Sept 15th, 2020 - Enabling users to manage ALGO and Algorand Standard Assets (ASA) directly through the Ledger Live software app

September 15th, 2020 - China's state-backed Blockchain-based Service Network (BSN) International has announced a new integration with Algorand and 2 other public chains.

Sept 11th, 2020 - Since the Algorand Foundation launched its Development Awards Program last year, many developers around the world have been eager to participate. After thorough review and selection, we are delighted to announce that Shiva Prasad has received a development award for Algodesk.

September 8th, 2020 - Since the Algorand Foundation launched its Grant Program this year, many developers and innovators around the world have been eager to participate. After thorough review and selection, we are delighted to announce that JellySwap has received an Algorand Foundation Grant, to make it easier for Algo token holders to quickly and seamlessly exchange their tokens for the tokens of other blockchains.

The Algorand Foundation 200M ALGO Staking Rewards program has just completed Period 2 and the staking rewards associated with this period have now been distributed on September 2nd, 2020.

August 27th, 2020 – PureStake, a leader in secure and reliable blockchain infrastructure, announced today the availability of AlgoSigner in the Chrome Web Store. As an open-source browser plug-in, AlgoSigner provides a secure way for holders of the Algo token to interact with dApps without granting them control of their keys.

August 25th, 2020 - Since the Algorand Foundation launched its Grant Program this year, many developers and innovators around the world have been eager to participate. After thorough review and selection, we are delighted to announce that bountyblok has received an Algorand Foundation Grant, to make it easier for applications to acquire new customers and engage them through bountyblok’s incentivization and reward system.

Information on period 2 of the 200M Staking Rewards Program

Singapore, August 19th, 2020 — Algorand Foundation and Algorand Inc today announced the launch of comprehensive smart contract capabilities that will enable the creation of DeFi solutions and dApps that can scale to billions of users, tens of millions of daily transactions, with negligible transaction fees, all while taking advantage of the layer-1 benefits of the Algorand protocol. Unlike first-generation blockchains, Algorand’s platform was designed from the ground up to power complex applications that require speed, scale, finality, and security, while being cost-effective and precise.

Singapore, August 11th, 2020 - In May 2020, the Algorand Foundation announced AIKON as one of the first recipients of the Algorand Foundation Grants Program. This grant helped AIKON bring its suite of blockchain developer tools and services to the Algorand blockchain. Today, AIKON and the Algorand Foundation are delighted to announce the official launch of the Algorand blockchain integration for AIKON’s core service, ORE ID and AIKON’s open source developer library, ChainJS.

Blend (BLND) is the first of several new DeFi products to be launched on Algorand Singapore, August 6th 2020 – Today Borderless Capital announced that they have invested in and partnered with StakerDAO to accelerate access to decentralized financial products throughout the Algorand Ecosystem. StakerDAO’s first financial product, Blend (BLND), will launch on Algorand, with plans for additional DeFi products in coming months.

July 29th, 2020 - Since the Algorand Foundation launched its Grant Program this year, many developers and innovators around the world have been eager to participate. After thorough review and selection, we are delighted to announce that Runtime Verification has received an Algorand Foundation Grant, to develop a formal semantic framework for Algorand’s advanced smart contracts using the K framework.

On August 1, 2019, Algorand Foundation announced an optional early redemption of auction refund in an effort to promote the long-term success of the public blockchain network and the Algo token. The 2019 early redemption process was completed and about 20 million Algos ( ~80% of the Auction volume) were voluntarily rendered for early redemption. Auction participants who opted to retain their Algos were eligible for the original 90% refund policy in June 2020, where they had a one-week window to exercise the 90% refund of the June 2019 auction purchase price.

My Algo is an Algorand web wallet with a non-custodial and secure mechanism. It helps users interact directly with the Algorand blockchain while handling their own private keys by either storing them securely and encrypted in their local browser or by using a Ledger hardware wallet. Used and loved by many in the community, My Algo supports multiple wallets, ASAs such as USDt, and all three Algorand networks with several exciting features to come.

Algorand Foundation, a not-for-profit organization focused on engaging, educating, and enabling its community to build a borderless economy on public, decentralized blockchain technology, announced today a collaboration agreement with Circle to bring to Algorand a version of USD Coin (USDC) , the fastest-growing full-reserve US Dollar stablecoin based on the open standards and governance framework developed by the Centre Consortium.

Annoucement of Sean Lee as the new CEO of the Algorand Foundation

Chainalysis, the blockchain analysis company, today announced a partnership with the Algorand Foundation, the stewards of Algorand, the world’s first, permissionless, Proof of Stake blockchain, that offers an open, global platform for building products and services in a Borderless Economy. Once the integration is complete, the Algorand Foundation will use Chainalysis KYT (Know Your Transaction) for transaction monitoring and compliance processes and Chainalysis Reactor for enhanced due diligence and investigations for the ALGO, its native token

Algorand Foundation, the steward of the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol, has launched Algorand Asia Accelerator together with Borderless Capital, the Algorand-focused blockchain venture fund. Powered by LongHash Ventures, the native Web 3.0 blockchain accelerator and investor, Algorand Asia Accelerator aims to encourage and spur blockchain development in particular synergy with Finance 3.0 and beyond, empowering projects to build, grow and foster financial innovations in the Algorand ecosystem. The programme offers USD$15,000 upfront seed funding for each selected project, with these projects also eligible for up to USD$250,000 in follow-on investment.

2019 ALGO Auction participants, who did not avail of the early redemption window in August 2019, are qualified to opt for a second and final Auction redemption window. The program will run from 12.00am June 19th 2020 to 11:59PM June 26th 2020, all times in Singapore time. You will only be able to request refunds during this period. You will receive your refund by 11:59PM July 1st, 2020 Singapore time.

An update on the April 2020 Key Rotation with 200M Algo Staking Rewards Program

The Algorand Foundation and AIKON are thrilled to announce our partnership that will bring AIKON’s ORE ID secure blockchain identity service to the Algorand blockchain, pushing forward the adoption of both developers and users on Algorand. AIKON is the newest recipient of the 250M Algorand Grants Program, that will help the team make ORE ID available to Algorand developers and applications. AIKON will also develop the Algorand plugin in their open source blockchain development helper library, ChainJS, opening doors for both enterprises and dapps built on other chains to easily migrate to Algorand.

We wish to notify any 2019 ALGO Auction participants who did not opt for early redemption that the window to apply for a 90% refund of the initial auction price, will occur on or about June 19th.

Since Algorand Foundation launched its 250M ALGO Grants Program in April, many developers around the world have been eager to participate and have started to submit their proposals. The Algorand Foundation is committed to its vision of delivering a truly global Borderless Economy. Today’s successful recipient has created an inspiring vision of the future of social engagement and creating a mechanism for rewarding participation, whether as a provider or recipient of services.

Since the Algorand Foundation launched its Development Awards Program last year, developers around the world have been eager to participate. After thorough review and selection, Jay Ciruolo and Brian Weaver from Jambb Inc. are the latest developers to receive the award.

Since Algorand Foundation launched its Development Awards Program last year, many developers around the world have been eager to participate. After thorough review and selection, FlexFinTx from Zimbabwe becomes the latest developer to receive the award.

Future of Blockhain winners 2020. Five winners awarded by Algorand Foundation

Press Release for 250M Algo Grants Program

Ledger Nano X and Nano S now support all tokens on the Algorand blockchain

Enabling Limited Key Rotation for the 200M ALGO Staking Rewards Program

News on launch of Covid tracker

A detailed update on Period 1 of the 200M Staking Rewards program.

Eastern Blu Entertainment is the latest winner of an Algorand Foundation Development Award

Latest Update on 200M Staking Program

Purestake's GoalSeeker wins Algorand Foundation development award.

Node Runner Vesting: Accelerated Vesting Model

Detailed Timings for 200M Staking Rewards First Period

The Algorand Foundation is delighted to annouce its first winners of its inaugural Development Awards. Here we see Proofbox Inc's winning poject.

The Algorand Foundation is delighted to annouce its first winners of its inaugural Development Awards. Here we see Riley Ge's winning poject.

New Developer Documentation website launches today to support Algorand's Developer community.

The Algorand Foundation's latest Transparency Report for the period from November 2nd, 2019 to Febraury 10th, 2020.

Final update on 200M Algo Staking before March 1st

Launch of Algorand Ambassador Rewards Program

200M Staking Closure Deadline reminder

First EAC report of 2020 which pulls together the various changes made to Algo token dynamics post 2019 launch in June.

Today in Milan, Fondazione Ugo Bordoni (FUB) signed a collaboration agreement with the Algorand Foundation of Singapore aimed at experimentation and advancement of the underlying technology of the Algorand blockchain platform.  

Results of vote on long term vesting.

Voting has begun on EIP-11252019AF.

Dec 3rd Extension of Suspension approved.

4 day extension vote

V2 upgrade has reached 90% usage and has acheived concensus, now time for remaining nodes to upgrade.

December Long Term EIP Proposal

Algorand Launches Major Protocol Upgrade, Providing for the Next Wave of Distributed App Development

First developer awards program launches to support innovation in the Algorand ecosystem.

Algorand Foundation Transparency Report -- June 19 - Nov. 1, 2019

Algorand EAC releases first State of the Economy report.

Algorand Foundation confirms burn of Early Redemption Auction Tokens.

Relay node runners vote to suspend their own daily rewards for the next 30 days in order to develop an improved plan for relay rewards that supports the long term vision of the Algorand Network.

An updated on the suspension of vesting for eary node runner rewards.

Proposal to extend the temporary suspension of vesting for an additional 30 days has received significant support and therefore will be put to a vote.

August 2019 200 Million Algo Staking Rewards Program required KYC process and the deadline to comply has been extended from October 10, 2019 to February 10, 2020. Participants should read and take action as appropriate.

The foundation has completed the processing of the optional early redemption: Of the 25 million Algos auctioned on June 19, 2019, about 19.9 million Algos (or 79.7%) were voluntarily rendered for early redemption.

Relay node runners vote to suspend their own daily rewards for the next 30 days in order to develop an improved plan for relay rewards that supports the long term vision of the Algorand Network.

Details on the voting procedure for Economic Improvement Plan 09092019PC.

After a 7 day review and feedback session, the Algorand Foundation shares the next steps for the Economic Improvement Proposals.

The Algorand Foundation shares recently received Economic Improvement Proposals with the community.

In the spirit of transparent communication regarding ongoing ideas and proposals, Massimo Morini of the Economic Advisory Committee shares preliminary guidelines for Economic Improvement Proposals from the Algorand Community.

As of today (August 19, 2019), 98 million Algos have been staked, with 102 million Algos remaining. This means participants stand to receive 2.04X Algos for every 1 Algo staked.

Inclusive program offers participants an opportunity to earn a return of more than 100% for holding Algos and supporting the network

Massimo Morini shares his thoughts on recommending actions to encourage behaviours aligned with long term value creation.

Focus on economic policy and incentives aligned with long-term growth and transparency

The Algorand Foundation is excited to announce its partnership with New Profit to further opportunities for blockchain applications for social impact organizations and initiatives that are creating equity and opportunity in America.

As we previously shared, the Algorand Foundation has put in place safekeeping measures to ensure that we are able to fulfill our refund commitments to our auction participants under the terms of the Auctions.

We encourage our community to stay vigilant and aware of fraudulent activity.

We would like to thank you our community again for participating in the inaugural token auction of the Algorand Foundation.  

The Algorand Foundation is excited to share Tether’s announcement of their integration with the Algorand protocol. 

The Algorand Foundation is excited to announce Co-Pierre Georg as the latest member to the EAC. 

The Algorand Foundation welcomes auction participants to the Algorand community!

This post is intended to help answer common questions about rewards from Algorand users.

Algorand Foundation ushers in the Borderless Economy built on first-of-its-kind public and permissionless blockchain platform from Turing Award winner Silvio Micali

World’s Leading Technology Institutions Come Together to Support Broad Algorand Ecosystem

June 19th Dutch Auction will mark the official launch of the Algorand network as tokens enter circulation

Dr. Tal Rabin, former head of the Cryptography Research Group at IBM’s T. J. Watson Research Center, appointed to lead research at the Algorand Foundation