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Olivia Rose
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⛓️ Scarcity stays: Algorand just suspended the plan to remove the $ALGO supply cap — and extended staking rewards to January 2028. The market rewards coins that keep their cap. $BTC wrote that rule with 21 million. While ALGO defends its supply discipline, $BTC defends $75,000 — lose it and $74,900 then $72,402 are next; hold it and $76,371 then $79,000 open. Cap discipline or cheaper price — which wins? 👇 #BTC #Bitcoin #Crypto
Algorand Foundation suspends proposals to remove ALGO supply cap, staking rewards commitment extended until January 2028
Foresight News reports that the Algorand Foundation tweeted it will indefinitely suspend the "Project King Safety" roadmap. Previously discussed plans such as removing the ALGO supply cap (providing incentives via inflation), enabling and capturing MEV, and increasing minimum transaction fees are no longer being considered. However, the commitment to extend staking rewards until January 2028 remains unchanged. The Foundation stated that new usage-based fees related to Falcon-1024 post-quantum account signature transactions may still be introduced or adjusted. Additionally, starting December 6, the Algorand Foundation will indefinitely suspend the xGov funding program, close the Algorand forum on November 6 (retaining a read-only archive), end the Ecosystem Advisory Council (EAC) operated by the company, and terminate sponsorship of the Algorand Technical Committee (ATC). The Foundation said the new management will focus on building a sustainable and revenue-generating network model, with the next priority being to promote its post-quantum security capabilities more broadly across Web3 and digital asset ecosystems for custodians, wallets, issuers, and other network users.
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