What is Algo Coin? Outstanding features and how to own Algorand coin

What is Algo Coin – What is the algo for photon coin

After a long time finally Algo coin also officially launched on the market. This information has received a lot of attention from crypto investors. However, not everyone understands this cryptocurrency well. That’s also why we share the article below!

Learn about Algo coin

What is Algo Coin?

Algo coin or in full Algorand coin is a virtual currency that is receiving a lot of attention. This is a decentralized blockchain platform that allows participants to contribute or receive benefits from the network. The birth of Algorand aims to solve the problems that other blockchains are facing, such as security, speed and concurrency decentralization.

Blockchain Algorand uses Permissionless Consensus Mode along with PPOS to create safety, transparency and speed for the platform, while still ensuring that the network is always in a decentralized state. . The future goal of this project is to be able to use the blockchain power in Algorand to be able to create a centralized economy, no longer having to face the obstacles of borders and distances.

Artwork: “What is Algo coin?”

In June 2019, Algo coin officially launched by Silvio Micali – computer scientist and professor at MIT. According to the published information, this is an open source and permissionless blockchain network. Transactions on the blockchain are executed quickly and can be completed almost instantly, on average over 1,000 transactions per second (TPS) can be successfully processed and in less than 5 seconds the overall transaction can be achieved. Translate.

Highlights of Algo coin

Algo coin cryptocurrency has many outstanding advantages. May be mentioned as:

Pure Proof of Stake: Users can influence the construction of new blocks. The specific effect will depend on the amount of

Algo coin

which users stakeBlockchain of Algorand does not allow fork Blockchain allows anyone to implement the consensus protocol inside it and the selection is completely confidential, random, guaranteed continuouslySpeed very fast, almost instant transaction processing Can manage high throughput requests Capable of hosting development on dApp as it is a public smart contract blockchain through via staking Developers can create new tokens or transfer existing tokens to the Algorand ecosystem via the Algorand Standard Asset (ASA) protocol

Algo coin has many outstanding features

Algo . coin details

Name, supply, contract

Algo coin is denoted ALGO

Basic information:

Token Name: ALGOTicker: ALGOBlockchain: Algorand BlockchainToken Standard: UpdatingToken type: Utility TokenTotal Supply: 10,000,000,000 ALGOCirculating Supply: 5,233.421,222 ALGO

Quantily Algo coin be distributed according to the following proportions:

Algo coin distribution rate

Algo coin virtual currency has done 3 rounds of selling. As follows:

Token Sale
Equity (Unit Price USD)
Note
Private Sale 1 4,000,000 $ Fundraising in February 2018 Private Sale 2 62,000,000 $ Funding in October 2018

Public Sale Dates

30% Token (3,000,000 ALGO) Sold by Dutch Auctions The first session was sold on June 19, 2019 for $ 2.4 / 1 ALGO coin

Current rate

Below is information about the exchange rate at the moment we write about Algo token on the Coinmarketcap page:

Algo coin exchange rate at the moment

Note: At each different time, the rate of Algo coin may change up or down according to market fluctuations.

How to own and trade Algo coin

If you want to own this cryptocurrency, you can become Relay Nodes to receive Rewards. Besides, if you participate in the Algorand Foundation’s contests organized by developers, you can also receive this coin.

Or, you can also buy Algo coin on cryptocurrency exchanges, such as Binance, Coinbase Pro, OKEx, etc.

Roadmap and team of developers

Roadmap of Algo coin

Currently, there is no official information about the Roadmap of Algo token provided by the developer. Instead, there are only news about technical improvements, increased TPS, reduced block completion time, etc. If there is any information about the Roadmap of this virtual currency in the near future, we will update you immediately.

Below you can refer to the future Algo coin offering:

Chart of future Algo coin supply

Team developer / backer of Algo coin

Project team

Participating in the development of this project are all talented and very experienced members in the field of technology. However, Algorand has a special feature that the project’s Advisors are divided into many different areas, for example, cryptocurrency, science.

Some members of the Algorand . Group

Investors

Main investor of Algo token is Arrington Capital. Specifically, on June 10, 2021, this investor supported building an ecosystem on Algorand up to $100M.

In September 2021, Algorand also received support from Skybridge of $250M and from Algorand Foundation itself of $300M.

Partner

E-money has become an official partner with Algorand. This cooperation will be of great help to the project. Specifically, through this cooperation European stablecoins in the Algorand ecosystem will be more fully supported.

Closing and Disclaimer

So, through the above information, you should have a better understanding Algo coin What is it and what are its features? This is a cryptocurrency that is also worth paying attention to.

Disclaimer: The information in this article is for informational purposes only Algo coin. We do not give any advice for your investment. Therefore, we refuse to accept any responsibility for the results of the investment that you make.

Currently, the Vietnamese state does not provide legal support for any electronic currency, you still have the right to mine and use it, however, when there is a dispute or conflict, the state has no obligation to assist in resolving these issues. this problem.