NewsKey Dates For Algorand Governance Upcoming

Key Dates For Algorand Governance Upcoming

By

Algorand Foundation

December 8th, 2021 - As we approach the end of December, we are also approaching a number of key dates for the end of the current Governance Period ( G1 ) and the start of the next Governance Period ( G2 ).

As a result of community feedback, and in the spirit of the festive season, we have adjusted the timing of the governance commitment periods to enable Governors to commit Algo inclusive of their Governance Rewards, distributed  at the end of the current Governance Period ( G1 ), to the next Governance Period ( G2 ). This will be standard practice for all future periods.

Additionally, the Governance Rewards for G1 will be automatically delivered into eligible wallets from 1st January 2022. As noted, to be eligible for G1 rewards you must have voted and maintained your commit balance right to the end of governance period.  

Key dates for your diaries:      

Commitment Period for G2: December 25th 2021 to January 7th 2022 (11:59:59 PM SGT).

End of Governance Period for G1: Midnight 11:59:59 PM SGT 31st December  ( you must keep your account balance above your governance commit until this date to ensure eligibility to claim rewards ).

Governance Reward Distribution* for G1: January 1st to January 5th 2022.

*automatic distribution

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