Algorand’s 25 million tokens auctioned are almost completely refunded and will never be circulated

Public chain project Algorand announced that it has destroyed all 25 million tokens voluntarily redeemed and will no longer be in circulation forever. Algorand’s auction rules allow auctioneers to refund 90% of the purchase price of the auction. The early redemption process in 2019 has already been completed, about 20 million ALGOs have been voluntarily redeemed early, and the redemption process in June 2020 has also been completed. Of the 25 million ALGOs in the first auction, almost all of the approximately 5 million ALGOs that were not sold have been voluntarily redeemed. This means that approximately 25 million ALGOs have been redeemed.