The Algorand Foundation has earmarked 250 million ALGO for a grant program that aims to spur development of the Algorand ecosystem.
Source: https://www.coindesk.com/algorand-foundation-sets-aside-50m-in-tokens-to-spur-development
Algorand Foundation Sets Aside $50M in Tokens to Spur Development
April 14, 2020
CoinDesk
