What is thena? Discover the outstanding features of Thena and THE . token
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
What is Algorand (ALGO)? Detailed information about the ALGO . coin
Overview of Algorand
What is Algorand?
Algorand (ALGO) is a decentralized network created by professor Silvio Micali to solve the problems related to cost, speed of transaction processing and security of blockchain platforms today. Right.
In other words, Algorand is a blockchain platform using the new Pure Proof-of-Stake (PPoS) consensus mechanism that allows everyone to participate in building decentralized financial protocols and applications. central. Algorand's blockchain platform is transparent, secure, and can process up to 1,000 transactions per second. In addition, Algorand also allows project developers to use Algorand Standard Asset (ASA) to create new tokens.
Highlights of Algorand
Pure Proof-of-Stake (PPoS) : Algorand uses the Pure Proof-of-Stake (PPoS) consensus mechanism. With this mechanism, ALGO owners can directly participate in the block creation process, propose and contribute ideas to help Algorand developers build projects. In addition, this mechanism also helps users to make transactions quickly with low costs.
Algorand Blockchain Can't Fork : The Algorand platform uses a new consensus mechanism that facilitates the development of decentralized financial protocols and applications, and eliminates the problem of forking in our blockchain. Algorand. Users can fully trust Algorand as it ensures transparency when transactions are confirmed.
Self-Selection : Algorand will randomly select validators (Validator). This helps to avoid the case of one person creating multiple accounts and staking ALGO to gain the right to validate blocks on Algorand.
Algorand . Developers, Investors and Partners
Algorand's development team
Algorand's development team consists of the following core members:
Silvio Micali, Founder of Algorand : He is also a professor in the Department of Electrical Engineering & Computer Science at MIT.
Steve Kokinos , CEO of Algorand : He is the co-founder of the company BladeLogic.
W. Sean Ford , COO of Algorand : He used to be COO & CMO of Zmags company.
Algorand's development team
Investors of Algorand
Algorand has attracted more than 30 companies and famous investment funds such as 3.0 Capital, NGC Ventures, Genesis Capital, IMO Ventures, Nirvana Capital...
Algorand's Partner
Algorand's partners include leading Universities from China, Europe, the Middle East, Canada and the United States.
Ecosystem of Algorand
Infrastructure : Some prominent projects are Curvegrid, PureStake, Chainalysis, Bison Trails…
Developer Tool/Application : Some prominent names can be mentioned are Algo Optimizer, Algo Explorer, Flipside Crypto, RockX...
Wallet : Some prominent wallets are Trust Wallet , Bitpie Wallet, Sempo, My Algo, Exodus…
Stablecoins : OpenDAO, Tether, USD Coin, Monerium…
Custodian & Market Maker : Prominent projects are Curv, BitGo, Copper, Delchain…
Projects in the Algorand ecosystem
Overview of the ALGO . coin
What is ALGO?
ALGO is the native token of the Algorand platform and has the following roles:
- The more ALGO an investor holds, the greater the chance of becoming a Validator and receiving rewards from Algorand.
- ALGO is used as a reward for project developers to participate in Hackathon programs, Algorand contests to promote Algorand ecosystem and community development.
- ALGO owners have the right to participate in the system administration process as well as they can contribute ideas to help developers build the Algorand project.
Information about ALGO
- Token Name : Algorand
- Ticker : ALGO
- Blockchain : Algorand
- Contract Address : Updating
- Token Standard : Updating
- Total Supply : 10,000,000,000 ALGO
- Circulating Supply : 6,072,367.153 ALGO
Allocation of ALGO
- Team, Foundation & Investor : 25%
- Public Sale : 30%
- Node Running Grant : 25%
- Participation Rewards : 17.5%
- End User Grant : 2.5%
ALGO . Token Allocation
ALGO . Allocation Schedule
The time to allocate ALGO coins to investors, Algorand's development team starts from June 2019 and ends in January 2024. The detailed schedule of ALGO coin allocation is shown as shown below.
ALGO . Allocation Schedule
ALGO . coin exchange & storage wallet
Currently ALGO is being traded on many major cryptocurrency exchanges such as Binance , Huobi , KuCoin ...
To store ALGO users can use the My Algo wallet or the wallets on the exchange.
summary
Above is the basic information about the Algorand project and the ALGO coin. Algorand aims to be an easy-to-use, user-friendly blockchain platform suitable for developers of decentralized financial applications, validators (Validators) and their customers. With the Pure Proof-of-Stake (PPoS) consensus mechanism, Algorand solves the problems related to the cost and speed of transaction processing that other platforms are facing. Therefore, Algorand promises to attract more investors and project developers in the future.
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