Algorand (ALGO)
Unlock Schedule
Algorand (ALGO) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Algorand (ALGO) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence ALGO price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and issuance
Algorand tokenomics began with a fixed maximum supply of 10 billion ALGO created at genesis—there is no ongoing inflation beyond programmatic distributions. Over time, the Foundation shifted from early distribution and governance rewards to a network that emphasizes staking-based incentives for nodes participating in consensus. By mid-2025, the circulating supply was reported around the high 8‑billion range, with the remainder managed via transparent vesting and treasury programs. (algorand.co)
Governance evolution
From late 2021 through early 2025, Algorand ran 14 community governance periods that distributed hundreds of millions of ALGO to governors and ecosystem programs. In 2025, incentives tied to governance votes ended, and governance shifted to three pillars: staking-based node rewards, an expert-driven xGov program, and non-incentivized community referendums. The xGov platform launched in 2025 to support expert proposals and decision-making. (messari.io)
Utility of ALGO
- Gas/fees: ALGO pays transaction fees on the Algorand blockchain.
- Staking and consensus: Eligible stake helps secure the network and can earn staking rewards under current protocol rules.
- Governance: ALGO holders can participate in evolving on-chain governance and xGov processes.
- Collateral and DeFi: In Algorand DeFi, ALGO is used for lending/borrowing, liquidity, and as base collateral across protocols.
These elements form the core of Algorand tokenomics, balancing network security and ecosystem growth. (messari.io)
Assumptions
- Early Backers/Relay Node total distributed ≈ 3.0B ALGO.
Original 2.5B EB/RN allocation was amended by EIP-11252019AF to include up to +25% contingent incentives; the Vesting Report notes this ended up 'a little more than 20%' for technical reasons, implying ~3.0B vs 3.125B. Exact final sum is not explicitly enumerated; modeled at 3.0B.
- EB/RN monthly unlocks aggregate known acceleration bursts and base schedules; remaining amount balanced in early 2022.
Foundation Vesting Report provides dated bursts (Feb–Mar 2020: 27M; Aug–Sep 2020: 141M; Feb–Mar 2021: >1B; Sep–Oct 5, 2021: 798M) and 2020’s 3% base; we map these to linear windows and allocate the remainder as a short 2022 closeout.
- Incentives & Ecosystem Support pool (1.9B) aggregates Participation Rewards, Governance Rewards, and TDR/NFT/Grant programs.
Updated 2020 distribution consolidated rewards/incentives into a single pool. Detailed per‑program totals across years are not fully enumerated publicly; we partitioned this pool across the known program windows to reflect realized mechanisms.
- Algo Sales to the Community modeled linearly June 2019–Dec 2024 for 2.5B.
Updated distribution lists 2.5B for community sales (auctions + structured selling). Auctions started at launch; Foundation transparency shows ongoing structured sales. Absent a published month-by-month schedule, a linear release across ~5 years is used.
- PoS Validator Rewards modeled for ~24 months only (≈214.2M ALGO).
Foundation committed to fund staking ‘bonus’ for ~24 months starting Jan 2025 at 10 ALGO/block decaying 1% per 1M blocks; we compute the closed-form sum for 24 decay periods. Post‑commitment emissions not modeled here.
- Total supply is fixed at 10B ALGO minted at genesis; no ongoing inflation beyond emissions from pre‑minted reserves.
Official materials state ALGO was fully minted at genesis; subsequent rewards and sales are distributions from existing supply.
- 1. https://algorand.co/hubfs/Website-2024/PDFs/Vesting%20Report1.pdf
- 2. https://algorand.co/hubfs/Website-2024/Transparency%20Reports/Algo%20Economic%20Evolution%20Report%20Sept%202021.pdf
- 3. https://algorand.co/algorand-foundation/transparency
- 4. https://algorand.co/hubfs/Algorand%20Foundation-Transparency%20Report%20Q2%202025-v3.pdf
- 5. https://algorand.co/blog/algorands-staking-rewards-are-live
- 6. https://algorand.co/blog/algorand-rolls-out-cryptos-most-inclusive-staking-rewards-program
- 7. https://algorand.co/governance-to-staking-rewards
- 8. https://algorand.co/blog/governance-rewards-its-a-wrap-reflecting-and-what-comes-next
- 9. https://support.kraken.com/hc/en-us/articles/algorand-algo-staking-and-rewards-update
- 10. https://www.businesswire.com/news/home/20190605005219/en/MEDIA-ALERT-Algorand-Foundation-Announces-Date-for-First-Auction
- 11. https://algorandtechnologies.com/transparency
- 12. https://algorand.co/blog/july-2025-algo-insights-report
- 13. https://algorand.co/blog/august-2025-algo-insights-report
- 14. https://forum.algorand.co/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10
- 15. https://arc.algorand.foundation/ARCs/arc-0048
Allocations
Description
#75
Algorand is a blockchain platform that aims to create a borderless economy by enabling fast, secure, and scalable transactions. It uses a pure proof-of-stake consensus mechanism and supports smart contracts, tokenization, and interoperability at the layer-1 level.
| Sector: | Layer 1 |
| Blockchain: | Other L1 |