Algorand has completed all redemption at auction and these ALGO tokens have been permanently destroyed

Rhythblockbeats news: On July 13th, according to the official information of Algorand, of the 25 million ALGO auctioned for the first time on June 19th, 2019, almost all the 5 million ALGO(146 addresses in the 257 eligible wallets) which were not sold have been redeemed voluntarily. In addition, 20 million ALGO(about 80% of the total auctioned amount) in 2019 have been redeemed voluntarily in advance. This means that approximately 25 million AlGoes have been fully redeemed and the team has now completed the redemption process by June 2020.

As with the early redemption in 2019, the Algorand Foundation has destroyed all tokens redeemed in June 2020 and will no longer be in circulation.

The original link: https://mp.weixin.qq.com/s/KS7PVCepYbFKSeDF7ETViw

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