Official announcement of the Algorand Foundation revealed details: suspension of Dutch auctions this quarter

The Algorand Foundation launched the 200 million Algo Stake Mortgage Award Program. According to the details of the 200 million Algo Stake holding rewards program, the 200 million Algo prize pool will not increase the total supply of Algo's total of 10 billion, because it comes from the pool of funds already allocated to the auction, and the auction will be suspended this quarter. It is understood that Algorand first held the first Dutch auction on June 19 this year. Previously, Massimo Morini, a member of the Economic Advisory Board of the Algorand Foundation, wrote that the advisory committee “does not recommend token sales in the third quarter of this year”.