Accelerated Early Backer Vesting re-start - 17th September

September 17th, 2021 - As a result of the 30 day moving average price of the Algo token reaching $1.419 today, surpassing the previous Algo “high water mark” 30 day moving average price ( $1.386 ), the Early Backer Accelerated Vesting mechanism has restarted. This will continue until a new 30 day high water mark has been established and, at that point, vesting acceleration will once again pause.

The Foundation will update the community when the acceleration finishes and the amount of Algo diffused in this acceleration.

For more information, please read https://algorand.foundation/news/algorand-foundation-early-backer which describes this process in more detail. Greater detail on the vesting will be supplied in the next Algorand Foundation Transparency Report, which is scheduled for release after the first Governance period has begun.