Algorand Economic Improvement Proposal

As investors in Algorand and node runners on the network, we welcome the first Algorand Economic Improvement Proposal (EIP). Since the launch of the mainnet and the start of trading of the Algo it has become clear that the daily supply growth is too large relative to the state of adoption. Algorand is in its infancy with key features yet to ship and early use cases just coming online. We therefore support the extension of the vesting period from 2 years to 5 years. We ask the Algorand Foundation to propose an on-chain voting mechanism that node runners can use to approve this change, which will affect all node runners equally.