Algorand is the world's most decentralized, scalable, and secure blockchain infrastructure. From decentralized finance to generative NFT art (and everything in between), their sustainable blockchain is powering the economic models of the future.
What is Algorand used for?
The public version of the Algorand blockchain is primarily designed to enable other developers to create new kinds of applications fuelled by cryptocurrency.
The platform has been used in real estate, copyright, microfinance and more. A more detailed summary of use cases can be found on the Algorand Foundation’s official website.
The code for Algorand is open-source and can be cloned, copied or otherwise used in private or permissioned blockchains.
Token Economy The Algorand Foundation, the non-profit organization overseeing and funding development of the protocol, says that only 10 billion units of its ALGO cryptocurrency will ever be created.
Algorand maintains a block explorer, which keeps an official count of its circulating supply.
A schedule of distributions, which the foundation expects to be completed within five years of the protocol’s launch, can be found below:
Overall Token Distribution:
3.0 billion Estimated algos to be injected into circulation (initially via auction) over the first 5 years
1.75 billion Estimated participation rewards (distributed over time)
2.5 billion Relay node runners (distributed over time)
2.5 billion Algorand Foundation & Algorand, Inc.
0.25 billion End user grants (distributed over time)
The Algorand Foundation has also published additional details about how payouts work and the time in which users can expect to receive new funds for their participation in the blockchain.
Top Projects On Algorand Ecosystem
With over 30 ecosystem partners, Algorand is building the future now.
HIGHEST RANKED PROJECTS
AlgoFund Kaafila AlgoLaunch Openfabric Choice Coin CryptoTrees
NEW TO THE CREATOR ECONOMY Dequency STOI ANote Music Meadow Labs Al Goanna Opulous
TRENDING DEFI Algofi Yieldly Folks Finance Venue One Humble Defi xBacked
PROJECTS TO WATCH Flex NBA Zone The Drone Racing League Lofty AI TigerChi NFT Project Algodex
TOP TOOLS & RESOURCES Bleumi Payment for Algorand and ASA's NF Domains @Pay Prismatic Algomint XP Network
NFT MARKETPLACES Abris.io AB2 Gallery ZestBloom Aorist Dartroom Artquare.io
Key Resources & Readings:
Algorand | The Blockchain for FutureFi | Algorand
Algorand price today, ALGO to USD live, marketcap and chart
https://coinmarketcap.com › currencies › algorand
Algorand (@Algorand) · Twitter
Algorand (ALGO) Price, Charts, and News | Coinbase
https://www.coinbase.com › price › algorand
Algorand Price | ALGO Price Index and Chart — CoinDesk 20
https://www.coindesk.com › price › algorand
Disclosure. The content on this website is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this website constitutes a solicitation, recommendation, endorsement, or offer by us or any third party service provider to buy or sell any securities or other financial instruments. We are not a broker or dealer under the Securities Exchange Act of 1934, nor are any transactions proposed or described on this website purported or intended to be conducted through a regulated commodity trading entity under the Commodity Exchange Act of 1936.