NewsThe Sign-up Window for the 3rd Governance Period for Would-be Governors is Now Open

The Sign-up Window for the 3rd Governance Period for Would-be Governors is Now Open

By

Algorand Foundation

Singapore, April 1st, 2022 - We are excited to share the sign-up window for would-be Governors for the third period of Algorand Community Governance is now live and available.

Any Algo holder can now sign up to serve as a Governor by committing Algos to the program for three months and participating in voting during this time. Governors are rewarded for their service to the Algorand community at the end of the three-month period. Algorand Community Governance yields to Governors the decision-making power over the Algorand Ecosystem Resource Pool (AERP), a pool of Algos that currently has more than 3 Billion Algos.

The Governance approach for the Algorand community has been designed for simplicity and maximum participation:

  • Four quarterly Governance periods per calendar year.
  • Each Governor must commit to keeping a certain Algo balance for each quarterly Governance period.
  • There will be at least one voting session in each period.
  • Governors must vote in each voting session, but can choose to use a simplified UI to “vote with the Foundation”.
  • Every measure to be voted on will have an information pack explaining it.
  • Compliant Governors claim rewards for their service at the end of each quarterly Governance period.
  • Reward levels are tied to the Algo commitment of a Governor.
  • Specific Rewards pool for each period, decided by Governance vote.

Would-be Governors can now sign up for the third Governance period through the Algorand Governance Web Portal.

We list below some links related to participating in Algorand Community Governance.

  • Algorand Community Governance Instructions: A step by step guide for would-be Governors on how to participate in Governance.
  • Algorand Community Governance Instructions: Recorded demo of Governance instructions and a Q&A on how to participate from a previous Algorand Community all-hands.
  • Our dedicated FAQ page for Algorand Community Governance.

Please also see our news item sharing key upcoming dates related to Algorand Community Governance here.

Latest News

Blog

You've Submitted Your Change the Game Hackathon Project! Now What?

Case Studies

How Wholechain Transformed The Way We Understand & Manage Supply Chains

Governance

Important Updates to the Algorand Governance 2024 Timeline