Algorand announces upcoming token unlock exercise
Algorand, a leading third-generation Proof-of-Stake (PoS) blockchain platform, has announced its forthcoming token unlock exercise scheduled for March 19, 2024. The initiative, outlined in Algorand’s Token Unlocks disclosure, will span 31 days, unleashing a daily allocation of 2.29 million ALGO tokens into the Algorand network. Unlocking dynamics and token distribution The token unlock mechanism aims…