Accelerated Early Backer Vesting Update

September 15th, 2021 - As a result of the recent, significant change in the Algo token price, the 30 day moving average price of the Algo is now $1.35. This is just below the previous “high water mark” 30 day moving average of $1.386. The 30 day moving average may pass $1.386 in the next few days and if it does, Early Backer Accelerated Vesting will restart. 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 if Accelerated Vesting re-starts and when it finishes.

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 in the coming weeks.