Algorand (ALGO)

The Algo crypto is the native token of the Algorand blockchain, created by renowned MIT cryptographer Silvio Micali.
This third-generation project aims to build an ultra-fast and powerful network, with recent exponential growth.

Algorand blockchain and crypto officially came into being in 2019 under the aegis of Silvio Micali.
He is a leading expert in cryptography and the recipient of numerous awards and distinctions in his professional career.
A renowned professor at the highly prestigious MIT, a university specializing in science and technology research, he founded the company that would give birth to this extraordinary blockchain in 2017.
Surrounded by a top-flight team of renowned professors, researchers and academics.
As a result, the project quickly acquired a legitimacy and credibility that enabled it to raise substantial funds to see it through.
Nearly $4 million was raised as seed capital, thanks to investors Pillar and Union Square Ventures.
This was followed by $62 million from other investors in October 2018.
Research has been ongoing to identify the systems, processes, algorithms and programs that will serve this ambitious project.
It’s worth noting that the foundation rests on a set of solid, skilfully orchestrated technologies.
In 2019, blockchain was officially launched into the spotlight, and from the outset has been the subject of infectious excitement. Buy ALGO tokens in total security.

Algorand “houses” Algo, the cryptocurrency and token of its blockchain.
The network is designed to be accessible to all, so no authorization is required.
This accessibility removes all barriers to the use and evolution of the protocol, guaranteeing a high level of decentralization, scalability, speed and security.
Blockchain is also based on a consensus protocol derived from Pure Proof of Stake (PPoS).
Those who use the network are thus encouraged to participate in upgrading it, strengthening its security and optimizing its speed.
All with very low commission charges.
Thanks to this protocol, block production is measured in a matter of seconds, enabling a large number of users to be served simultaneously, with shorter waiting times. Algorand live course

• Transaction fees: ALGOs are used to pay transaction fees on the Algorand blockchain, which are very low compared to other blockchains, enabling fast and inexpensive transactions.
• Staking and rewards: ALGO token holders can participate in staking, enabling them to secure the network and receive ALGO rewards in return.
  Unlike other blockchains, Algorand uses a consensus mechanism called Pure Proof of Stake (PPoS), where token holders are randomly selected to propose and validate blocks.
• Governance: ALGO tokens enable holders to participate in the governance of the Algorand blockchain.
  Holders can vote on proposals and updates to the protocol, influencing the future development of the platform.
• Participation Rewards: users who hold ALGOs in a wallet automatically receive rewards simply for holding the token, encouraging participation and use of the network.
• Support for Decentralized Applications (dApps): ALGO is used as a native currency for dApps built on Algorand, facilitating transactions and payments within the ecosystem.

• Total supply: ALGO’s total supply is capped at 10 billion tokens.
  This limit is fixed and cannot be exceeded, thus keeping inflation under control.
• Breakdown of supply:
  • Participation rewards: a portion of the tokens is distributed to ALGO holders as a reward for their participation in the network.
    These rewards are designed to encourage users to own and use ALGO.
  • Public and private sales: a significant proportion of tokens were sold during initial sales (ICO and private sales) to finance the development of the ecosystem.
  • Team, Partners and Ecosystem: a portion of tokens is allocated to the founding team, strategic partners and for the ongoing development of the Algorand ecosystem, including incentives for developers and community initiatives.
• Token usage:
  • Transaction fees: ALGOs are used to pay transaction fees on the Algorand blockchain, which remain very low.
  • Governance: ALGO holders can use their tokens to vote on proposals and participate in network governance.
  • Staking and security: ALGO tokens are used for staking as part of the Pure Proof of Stake (PPoS) consensus, where holders help secure the network and receive rewards in return.
• Emissions and Inflation:
  • Tokens are distributed progressively via reward and ecosystem support programs, with tapering to control inflation over time.
    The majority of issuance takes place in the first few years after launch, with a gradual reduction in new issuance to reach the total limit of 10 billion.
• Supply reduction:
  • Initiatives to reduce circulating supply, such as token redemption and destruction programs, can be implemented to maintain token value in line with demand and network usage.

• DeFi and Stablecoins expansion: Development of solutions for decentralized finance, including collaborations with Circle for the integration of USDC on the Algorand blockchain.
• Enterprise adoption: Promoting enterprise adoption of Algorand blockchain by offering scalable, energy-efficient solutions tailored to institutional needs.
• Technical improvements: ongoing updates to increase transaction speed, reduce costs and improve network security.
• Blockchain interoperability: development of technologies to facilitate interoperability between Algorand and other blockchains.
• Tokenization of real assets: initiatives for the tokenization of physical and digital assets, making it possible to issue and manage assets on the Algorand blockchain.
• Decentralized governance: strengthening decentralized governance through community proposals and votes, actively involving ALGO token holders.
• Developer support: grant programs, hackathons and strategic partnerships to attract developers and encourage innovation on the Algorand platform.

Algorand (ALGO) is a next-generation blockchain that aims to offer fast, secure and low-cost transactions thanks to its Pure Proof of Stake (PPoS) consensus mechanism.
It stands out for its energy-efficient approach and its ability to process thousands of transactions per second, making it attractive to decentralized financial applications (DeFi) and companies looking to integrate blockchain technology.
ALGO tokens play a key role in network governance and security?
They enable holders to benefit from incentives.
However, like any cryptocurrency, ALGO is subject to market volatility and competition from other successful blockchains.
Its success will depend on continued adoption by developers and users, as well as the ability of the Algorand team to innovate in the face of a rapidly evolving industry.