AlgoFund

1. Summary

Ranks

Liquidity

-

Developer

-

Social

39

Momentum (beta)

0

Stack Rank™

-

Price

$0.000152970000 0.0%

Market Cap

$0.00 (#12188)

Supply

/

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Price
52W High price	$0.000356060100
52W High date	24th Nov 2023 (1 year ago)
All Time High (ATH) Date	19th Jan 2025 (4 months ago)
All Time Low (ATL) Date	19th Jan 2025 (4 months ago)

Supply & Trading Volume

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Description

Algorand is a blockchain protocol providing pure proof-of-stake on a blockchain. Its native token, called ALGO, is used for governance and has a fixed total supply of ten billion coins. It is designed for scalability, speed, and security, with a negligible energy consumption per transaction. ALGO is also used for participating in decentralized appl...

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Algorand is a blockchain protocol providing pure proof-of-stake on a blockchain. Its native token, called ALGO, is used for governance and has a fixed total supply of ten billion coins. It is designed for scalability, speed, and security, with a negligible energy consumption per transaction. ALGO is also used for participating in decentralized applications (dApps).

• Key Features:
  • Scalability: High throughput and low transaction fees.
  • Security: It is open-source and utilizes a Byzantine agreement protocol that leverages proof of stake.
  • Governance: The Algorand Foundation manages on-chain governance through quarterly votes.
  • Use Cases: It supports projects in DeFi, NFT, gaming, oracles, and bridges.
  • Tokens:
    • Total Supply: 10 billion ALGO.
    • Circulating Supply: Approximately 6.948 billion.

Ecosystem

• DeFi: It supports decentralized financial applications.
• NFTs: It supports NFT projects.
• Oracles & Bridges: It supports oracle and bridge infrastructure.
• Infrastructure: It has extensive infrastructure support.
• Governance: The Algorand Foundation manages on-chain governance.
• Sustainability: It focuses on environmentally friendly transactions.

Partnerships

• Circle: USDC stablecoins are issued on Algorand.
• Bank of Italy: Algorand supports a digital guarantees platform.
• Capital One: Algorand is used for fraud detection and prevention.
• Banco Santander: Algorand is used for digital assets.
• Deloitte: Algorand is used for supply chain management.
• State Street: Algorand is used for asset tokenization.
• Standard Chartered: Algorand is used for trade settlement.

Additional Details

• Founder: Dr. Silvio Micali, a Turing Award winner and expert in cryptography and distributed systems.
• History: Founded in 2017, with the main network launched in June 2019.
• Registration: Algorand Foundation Ltd. is registered in Singapore.
• Space: It supports projects in DeFi, NFT, gaming, oracles, and bridges.

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