Key Takeaways
- Algorand Foundation opened voting for its Period 8 governance measures from September 1 to September 15, 2023.
- The foundation aims to auto-renew the xGov Grants Program and increase allocation for the NFT Rewards Program.
- Total stake voted so far stands at 575.7 million Algo, with 7.8K governors participating.
- The native token $ALGO has seen a sharp decline from $3 in 2021 to its current price of $0.094.
Governance Measures in Focus
The Algorand Foundation has entered the voting phase for Period 8, Session 1, focusing on initiatives including the xGov Grants Program and the NFT Rewards Program. The voting window is open from September 1, 2023, until September 15, 2023, and has already seen 575.7 million Algo staked and 7.8K governors participating.
The core of the voting session is aimed at auto-renewal mechanisms for the xGov grants and an increased allocation for the NFT rewards scheme. Preliminary results…
