Media: Algorand will issue 50 million ALGO first staking rewards tomorrow, which is not expected to have a significant impact on the market

Algorand's first phase of Staking rewards will be issued on March 3rd. This reward will be distributed with 50 million ALGOs, which is equivalent to 9% of the total circulating supply. According to the current situation, these 50 million ALGOs to be issued may have little impact on the market.

According to the previous regulations of the Algorand Foundation, users of ALGO who have received mortgage rewards are still in the lockup period. After the reward is issued, some users may unlock their tokens for sale, but some users who have received 50 million tokens will choose to continue to lock. And there are other new users participating in the rewards program, so in general, there is not much selling pressure in the market.