News from the Algorand Foundation

April 7, 2021

Update on Early Backer Accelerated Vesting

By Algorand Foundation
April 7th, 2021: [Updated] The 30 day moving average price of the Algo passed $1.21 on April 6th 2021. This was in excess of the previous “high water mark” 30 day average of $1.202 and, as a result, has restarted. This will continue until a new 30 day high water mark has been established and, at the point, vesting acceleration will once again pause.
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April 1, 2021

Unmarshal Receives Grant from Algorand to Build Advanced Data Infrastructure Layer for Applications on Algorand Protocol

By Algorand Foundation
April 1st, 2021 - Unmarshal and the Algorand community have partnered, through the Algorand Foundation Grants program, to build a modern data Infrastructure layer on the Algorand Chain. Applications building on top of the chain can now depend on Unmarshal’s data APIs and other end-point integrations to source rich, meaningful and reliable data from the chain.
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March 26, 2021

Cudo is world’s first mining software to pay out in Algo -  A non-mineable token!

By Algorand Foundation
March 26th, 2021 - We’re proud to reveal that ALGO has now been introduced as a payout token on the Cudo platform! 🥳 Optioning ALGO as a payout token is now available to anyone running compute to earn Algo using Cudo software.
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March 24, 2021

The Algo 4 X 100 USDT Relay Race Competition Winners

By Algorand Foundation
In early March, @FatherAlgo, one of our super Algorand advocates, shared a short video on Twitter of him, @algojack and their buddies transacting $USDT on Algorand across 4 continents in under two minutes with $0.004 fees paid. This showcased the speed, scale and low fees enjoyed when transacting the popular Tether stablecoin on Algorand. Based on the response and engagement we witnessed from the Algorand community, it got us thinking and we decided to run a competition with a 5,000 Algo reward for the fastest team who could beat @FatherAlgo's efforts (and 2nd and 3rd place prizes of 2k and 1k Algo respectively) . 
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March 16, 2021

Upcoming Algorand Foundation Wallet Activity 

By Algorand Foundation
17th March, 20201 - From March 18th to at least April 5th, the Algorand Foundation will complete the process of moving Algo funds, currently held in the wallets listed here, to custodial wallets held by a new provider (BitGo). This is expected to involve around 4B Algo moving between wallets. These transactions do not represent Algo entering circulating supply, even though they may temporarily appear so due to the automated reporting processes of the block explorers and research websites that report on the Algorand ecosystem. The team at the Algorand Foundation will work with the block explorers and 3rd party research teams (e.g. Messari, CoinMarketCap, CoinGecko) to ensure that the new BitGo addresses are identified as Foundation wallets and these Algo will be correctly recognized as not being in circulation.
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March 10, 2021

Improvements to 3rd Party Supply Reporting

By Algorand Foundation
March 10th, 2021 - In response to feedback from the Algorand community, the Algorand Foundation is working with leading research websites (e.g. Messari, CoinMarketCap and CoinGecko) to improve the accuracy and timeliness of their circulating and reported supply metrics for the Algo.
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March 10, 2021

Africa Blockchain Institute Secure Algorand Foundation Grant

By Algorand Foundation
March 10th, 2021 - The Algorand Foundation is delighted to announce that it has awarded a research grant to the Africa Blockchain Institute to support an exploratory project on emerging blockchain activities across Africa. The grant award will assist the Africa Blockchain Institute in conducting continent-wide research that will lead to an in-depth report showcasing various use cases and developments around blockchain technology across the continent, including technology startup founders, blockchain innovators and technology ecosystem stakeholders across all major African geographies.
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March 8, 2021

Update on Period 3 of 200M ALGO Staking Rewards Program

By Algorand Foundation
March 8th, 2021 - The Algorand Foundation 200M Algo Staking Rewards program has just completed Period 3 and the staking rewards associated with this period have now been distributed on March 2nd, 2021. After accounting for disqualified participants, the remaining qualified participants will have received 0.652 Algo for every Algo staked in this period (or 652 ALGO per 1000 ALGO staked). This is a staking reward of 65.2% in Period 3. Qualified participants remaining in the plan until the end of Period 4 are now projected to receive a minimum of 2015 Algo per 1000 Algo staked (or a staking reward of 201.5%).
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March 5, 2021

HK Blockchain Developer Hackathon Recap: Leading the Future of Blockchain

By Algorand Foundation
Friday, March 5th, 2021 - Last week, Algorand Foundation, in collaboration with MIT Innovation Node, HashKey Group, and Cyberport, held this year’s first blockchain hackathon in Hong Kong. With challenges set across trade financing and real estate development, the hackathon kicked off on Friday and ran through the sleepless weekend, finishing up on Sunday, February 28th.
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February 24, 2021

Algorand and OpenDAO — Joining Forces

By Algorand Foundation
February 24th, 2021 - OpenDAO is happy to announce that they are welcoming Algorand into their DeFi family. Work has already begun on the process for creating the $wAlgoO stable coin with wAlgo as collateral!
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