About the algorand foundation
Algorand is dedicated to fulfilling the global promise of blockchain technology. With a commitment to ensuring strong, lasting blockchain innovation, the Algorand Foundation fosters an open and transparent system where anyone can participate, develop, and innovate on the permission less Algorand protocol guided by the vision of an inclusive economy.
Community Governance enables all Algo holders to participate in the decision making process on the growth and development of the Algorand ecosystem. the Governance approach for the Algorand community is 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.
- Governor’s 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.
You can sign up to the Governance Program here
You can watch an explainer video of the Algorand Foundation Governance Project below: