"The Hedera Governing Council, the group of diverse organizations responsible for stewarding the Hedera network, has announced the approval of a plan to allocate 10.7 billion HBARs (approximately 20% of total supply), currently worth US $5 billion as of September 16th, 2021, towards the development of the Hedera ecosystem. The resolution was approved at the July 14th Governing Council meeting, at which time the value of the allocation was approximately US $2 billion."
Read the full press release here:
