Update on 200M Staking Rewards Program

The Algorand Foundation would like to remind participants in the 200M Staking Rewards program that we are now approaching the distribution date of rewards period no. 2. To qualify for the second distribution, accounts must maintain their program minimum balance up to and including round number 8,793,000, which will occur approximately on August 31st, 2020, 23:59 Singapore time.

To receive the second distribution of rewards, participants must have completed KYC for their qualified account by Monday, August 24, 2020, at 23.59 Singapore time. Distribution of tokens will take place on, or around, Thursday, September 3rd, at 02:00 Singapore time. For those participants who had qualified wallets but were not KYC complete, their ALGO staking reward will be placed in an escrow wallet, until the next period staking rewards distribution. These staking rewards will be distributed at that time if the participant is then KYC complete. If not, the cumulative periods’ staking rewards will continue to be placed in escrow, subject to certain conditions (see https://algorand.foundation/staking-rewards-update).

For more information on the 200M Staking Rewards Program, please visit here. As previously noted, participation in the 200M Staking Rewards Program closed in August 2019 and no further participants were accepted after that date.