Introducing the Algo
The Algo
Introducing the Algo - possibly one of the most important, native tokens ( coins ) in the world of cryptocurrencies today. The Algo is the native token of the Algorand blockchain. As such, the Algo has all the key features of the Algorand blockchain itself.
- It's super-fast: every transaction with Algo is complete in ~4 seconds.
- It's scalable: whether you are the first transaction or the 10 millionth transaction in a day, your Algo transaction will still take place in ~4 seconds
- It's secure: Algorand and Algo transactions are secured by the unique Pure Proof-of Stake consensus that powers the Algorand blockchain.
- It’s almost free to use: unlike many blockchains, where every transaction is hugely expensive, every Algo transaction today, no matter the size, costs a fraction of a penny.
In addition to these fundamental features, the Algo is a leading cryptocurrency because of its importance to the Algorand blockchain. It’s the token used to secure the consensus used in building each block, it’s the token used to pay for every transaction and soon, it will be the token used to govern the growth of the Algorand ecosystem and as Governance rewards for those who commit to voting as part of governing.This unique nature enables the Algo to be the key pillar of the Algorand blockchain but to also be the most efficient, secure way to buy something as simple, and everyday, as coffee.
Speed
Scale
Secure
Transparent
Real-Time Metrics
Circulating Supply
All unrestricted Algo not held directly by the Algorand Foundation.
Total Max Supply
Algo Supply Minted at Genesis
Liquid Supply
All unrestricted Algo. This includes Algo held directly by the Algorand Foundation
Go get Algo
Get a wallet
You need a place to hold all that Algo. Find out what kind of digital wallet works best for you before you purchase your cryptocurrency.
Fill your wallet
Once you have a wallet, find an exchange to participate in. See some of the exchanges that currently support Algo here.
I’m ready, let’s put my Algo to work
Govern & Earn
Earn rewards for your participation in community consensus. The more you participate, the more you help the Algo ecosystem grow.
DeFi
Get into DeFi, with platforms like this month’s pick: yieldly; where you can participate in no-loss prize games and multi-asset staking.
Payments
Send and receive payments with low transaction fees, completed and closed in seconds.