Supporting the Algorand Economic Improvement Proposal

We were early investors in Algorand and are Node Runners in the network. Since the launch of the Mainnet in July, the technology has performed according to plan. However, it has become clear that the release of new Algos into the system through the daily vesting of Early Backers is out of balance with the state of adoption of the platform.

We support the extension of the vesting period of Early Backers (we are one) from 2 years to 5 years to help address this issue. We ask the Algorand Foundation to propose an on-chain vote of Early Backers to approve this change as soon as possible.