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Algorand Governance has begun!

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by COINS NEWS 204 Views

This is a huge thing for all the Algonauts out there, and I am bullish for a few reasons:

1. The Staking Rewards are just so good on their own, but with added governance rewards, the governors get an even better reward, simply for participating in the community! That is a huge W!

2. The Timing Governance was laid out to happen after a certain number of ALGO had already been distributed through staking, and lo and behold we hit that number years early! That’s because the adoption was faster and larger than initially anticipated! Bullish!!!

3. The Voting They say voting gives a voice to the voiceless, and with the governance system, you can commit under 10 ALGO and still cast a vote on the issues that will impact the coin moving forward. Giving everyone a voice is true decentralization, and that’s a necessity for the long term success of a coin.

The Point If you are a governor this quarter, don’t forget to vote! If you aren’t! Buy some ALGO and commit to the next quarter when the window opens up. Already the first vote is about a huge distribution decision, and it’s great that the community gets to decide.

submitted by /u/Fleegalicious
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