- Algorand is getting set for its next token unlock exercise beginning on March 19.
- The project will release 2.29 million ALGO daily into the Algorand network for 31 days.
- Algorand’s last token unlock exercise started on February 19 and lasted 29 days.
Algorand, a third-generation Proof-of-Stake (PoS) blockchain, is getting set for its next token unlock exercise. As posted on the Token Unlocks, Algorand’s next token unlock will kick-start on March 19, 2024, and run for 31 days.
According to the posted information, the project will release 2.29 million ALGO daily into the Algorand network for the duration of the token unlock exercise. By ALGO’s value as of the post, the daily unlocked volume would be approximately $516,000 in fiat value.
Token Unlock’s data shows that 9.77 billion ALGO, equivalent to about 98% of the blockchain token’s total supply, has been unlocked and is in circulation. Subsequently, 234.75 million ALGOs, reflecting about 2% of the total supply, remain locked in the project.
Unlocking 2.29 million tokens daily for 31 days sums up to 70.99 million ALGOs to be unlocked during the upcoming exercise. That would leave a balance of…
The post Algorand Gears up for Next Token Unlock Exercise Beginning March 19 appeared first on Coin Edition.