Just as another reminder, governance for Algorand, a pure proof of stake blockchain, is coming in Oct 2021. So from Oct 2021 until Oct 2022 you can receive BOTH governance AND participation rewards (participation rewards at 6% which you get by just hodling ALGO). The total rewards (governance + participation) can range from 12% to up to 30% depending on how much total ALGO gets staked for governance. I cannot stress how insane that is. At worst you're DOUBLING your rewards and at best you're FIVE Xing your rewards. And all Algorand holders can participate to sign up and become a governor in Oct 2021 when they drop the sign up. Do NOT sleep on Algorand.
For more specific info here is their official youtube vid about this:
Algorand imo is a great project so please help spread the word. Thanks!
EDIT: Had to repost this sorry. I had to get premium in order the post to go through. Not enough karma arghh.
EDIT2: Whoa my first Reddit awards! Thanks guys!
EDIT3: Some clarifying points for my own edification. 1) Governance is a quarterly thing (every 3 months) you choose can be a part of it or not each quarter. 2) They will still have participation rewards until the end of 2022, however will slowly be scaled down in 2022 (per the video at 9:22).
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