Cryptocurrency Q&A
What happened to Algo Rewards?
What happened to Algo Rewards?
Stefano
Wed Jul 31 2024
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6 answers
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So, I've been hearing a lot about ALGO Rewards lately, but lately it seems like there's been some changes or even issues surrounding it. Can you give me a rundown of what exactly has happened to Algo Rewards? Have there been any significant updates or changes in the program? Are users still able to earn rewards as they did before, or has something changed? Additionally, has there been any response from the team behind Algo Rewards regarding any concerns or questions the community might have? I'd really appreciate a clear and concise explanation of the current situation with Algo Rewards.
6 answers
Alessandro
Fri Aug 02 2024
Algorand's previous passive staking rewards program came to an end in April 2022, marking a significant change for those who held ALGO in their wallets.
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CryptoQueen
Thu Aug 01 2024
Prior to this, users could simply hold ALGO and earn rewards without actively participating in any staking activities.
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WhisperVoyager
Thu Aug 01 2024
BTCC, a reputable UK-based cryptocurrency exchange, offers a range of services that cater to the needs of ALGO holders and traders alike.
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SkylitEnchantment
Thu Aug 01 2024
However, with the conclusion of the passive staking program, this is no longer an option for ALGO holders.
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DigitalDukedom
Thu Aug 01 2024
Nevertheless, there is a silver lining to this change as Algorand has introduced a new Governance Rewards program.
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