ACE Programme FAQ

All you need to know about Algorand's operations.

About

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What do the ACEs do?

The Algorand Centres of Excellence (ACEs) are multidisciplinary centres which advance research and support applied education in the blockchain and cryptocurrency space. They do so by performing multi-disciplinary research, designing educational programmes, working on real-world use cases & social impact projects and by fostering an inclusive and diverse community of blockchain enthusiasts centred around student and campus initiatives. The ACEs run for three to five years.

How were the ACEs selected?

Algorand Foundation received 77 proposals with 550 participants from 46 countries. A designated review committee, consisting of international experts from a variety of backgrounds and internal Algorand Foundation representatives, evaluated the proposals based on the review principles and criteria as listed in the Request for Proposals. Reviewers were selected based on their expertise in the field, along with their educational activities. A total of 184 completed reviews were evaluated to select the ACE grant recipients. The original Call for Proposals can be found here.

Will there be another Request for Proposals for the ACE program soon?

There are currently no plans to run another Request for Proposals in the near future.

Review

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What is an ACE milestone report and when do the ACEs need to submit it?

Once per funding year, 30 days prior to the six-months mark, ACEs will be required to submit a brief milestone summary of their recent activities which includes a short video recording (five to seven minutes). The written report should not exceed two pages.

Please use the template provided. The milestone summaries (video and report) will be collated by the ACE Programme Manager and will be shared with the public at the discretion of Algorand Foundation. The report must be submitted via the designated platform Submittable 30 days prior to the project period (see “Payment Schedule” in the Request for Proposals). 

Is there a template for the ACE milestone report?

Please use the milestone report template provided. Please also provide a short video recording where the PI or another ACE core team member provides a short overview of the recent activities (5-7 minutes are sufficient) and 2-5 slides summarizing the progress.

What is an ACE annual report and when do ACEs need to submit it?

Every 12 months, ACEs will be required to submit an annual report via the designated platform Submittable. Reports will have segments to be shared with other ACE PIs as well as segments that will be shared with the Algorand Foundation only. The latter will include budget reporting. Annual reports should cover updates on progress towards the set milestones, including information on the different types of activities the ACE engaged in (e.g. event/workshop/course attendance numbers, publications, speaking engagements, news coverage, etc.), updates on ACE personnel and plans for the upcoming year. The annual report should be 6-10 pages long and be accompanied with a slide deck summarizing the report (4-6 slides).

Is there a template for the annual report?

A template for the annual report will be provided in due course.

Why does Algorand Foundation require both milestone updates and annual reports?

Algorand Foundation requires participating Algorand Centres of Excellence (ACEs) to submit a short milestone summary once per year to update the Foundation on activities and progress at the ACE in an informal way. The annual report is a formal summary of the ACE’s activities throughout the funding year, including a financial report. The Foundation will use this information to assess the progress the ACE is making and for communications purposes, if applicable. The reports are also the basis for continued payments throughout the agreed grant period. Please see the Terms and Conditions for details.

If my organisation is part of a multi-institution ACE, which institution needs to provide the milestone update and the annual report?

The lead organisation will need to submit all reports (milestone updates and annual reports). Please see above for a definition of “lead organisation”. The report should identify the participants, activities and results that are specific to the collaborative component that the PI directs with.

Algo Supply

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What is the max supply cap for Algorand?

The Max Supply for Algo is the 10 billion Algo minted at genesis.

Even though the entirety of the supply was minted at the launch of the network, thus giving Algorand a fixed outstanding supply, the liquid supply will increase as pre-minted tokens unlock and are distributed.  

The Foundation recently proposed a revised, long term Algo Dynamics model. Designed to run for a greater than 10-year period- that is up to 2030 and beyond - this new model will focus on programs around ecosystem support, community incentives, and the decentralization of decision making and governance on the Algorand blockchain - a long-held goal of the Algorand community. For more information on Algo supply and distribution see Tokenomics.

Does the Foundation own tokens?

The Foundation’s stake is 500M Algos (and the participation and governance rewards). This stake participates in the consensus protocol contributing to the protocol’s integrity.

What is the current circulating supply?

You can see the current circulating supply on AlgoExplorer and PureStake’s GoalSeeker.

Is there someplace where I can see a good description of how the initial Algo token distribution occurred, and how much stake the Algorand Foundation has in the network?

A good description is available on our Tokenomics page.

Is there a burning process for Algos?

The Algorand Foundation burnt the tokens from the initial auction that were refunded. For further information see:

June 2019: Burn of Early Redemption Auction Tokens

July 2020: Auction Redemption Complete: Redeemed tokens permanently removed from supply

Relay Nodes

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What nodes comprise the Algorand network?

The Algorand network is comprised of two distinct types of nodes: relay and participation nodes.

Relay nodes are primarily used for communication over the network.

Participation nodes can participate in the Algorand consensus protocol, and they communicate with each other (and with the blockchain) via the relay-node layer.

For more information, see the Algorand developer documentation.

Are there rewards for running nodes on Algorand?

Currently, the Algorand protocol does not include rewards for running nodes on the network.

As described below, the Algorand Foundation announces programs from time to time where it provides support for partners to run relay nodes.

Who is running relay nodes on the Algorand network?

While in principle anyone can run a relay node, the default behavior of an Algorand node is to only connect to relay nodes from a list that the Algorand Foundation maintains.

The relay nodes on that list are operated by Algorand Inc., Algorand Foundation, and participants in a few relay-node-running programs of the Foundation:

  • Until 2021, the Algorand Foundation issued token grants to Early Backers for running relay nodes. That program is now over, but some of the participants are still running relay nodes (with no support from the Foundation).
  • The Algorand Foundation also issued token grants to ten universities who are running relay nodes. This program is scheduled to run through Q2 2024.
  • In Q4 2021, the Foundation launched a Pilot Relay Node Program where it selected about 20 companies and individuals and provided support for them to run relay nodes in different configurations.
  • In Q2 2022, the Foundation launched a Community Relay Node Program where participants had to stake Algos in addition to running relay nodes. Eight companies were selected to this program, running additional 19 relay nodes.

Who manages the list of relay nodes? What about decentralization?

Currently, the Algorand Foundation manages the official list of relay nodes, to bootstrap a scalable and reliable initial infrastructure backbone.

It is important to stress, however, that anybody with an Algorand account can run a non-relay node and participate in the Algorand consensus protocol (i.e., be a validator).

Moreover, the integrity of the blockchain does not depend on the relay nodes: as long as sufficiently many participation nodes (in terms of stake) behave honestly, the blockchain cannot fork.

Even if all the relays misbehave, the worst that can happen is that the blockchain will slow down or stall.

The Algorand Foundation is researching options for making the decisions on relay nodes in a more decentralized way.

How many relay nodes are there?

As of Q3 2022, there are just under 120 relay nodes on the Algorand network.

Participation Nodes

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How can I participate in the Algorand consensus protocol?

Instructions for setting up participation nodes on Algorand and participating in the consensus protocol can be found off of the Algorand developer site.

See in particular https://developer.algorand.org/docs/run-a-node/setup/types/#start-node and https://developer.algorand.org/docs/run-a-node/participate/.

How many Algos do I need to run a participation node?

A participation node can be run for any Algorand account, whatever its balance is.

*Note however that any Algorand account must have a minimum balance of 0.1 Algo.

Algorand Foundation Ecosystem Funding Mechanism

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Fees

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Governance FAQ

All you need to know about Algorand Community Governance

Community Governance

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Participation Rewards

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Governance Rewards

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Penalties

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Referendum

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Proposals

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