Algorand Foundation: Early auction participants can refund in advance of 85% of the auction price

According to the Algorand Foundation, it will offer an optional early refund option to take these auction tokens out of circulation. Users who purchase tokens in the first auction can return tokens to the Foundation's designated wallet address from 8:00 (SGT) to August 9 on August 2. The Foundation will refund 85% of the price settled by the investor at the first auction within 7 days from August 23. It is worth noting that the condition for the refund is that the participant agrees to waive the right to a 90% refund policy for the original auction price. Of course, participants can retain 90% of the original refund policy, which means that auction participants can continue to hold their tokens and participate in the original refund policy of June 2020.