Algorand ALGO
Report IssueAlgorand is a scalable, secure and decentralized digital currency and transaction platform.
Details
Binance 
ByBit 
Gate 
Score
Sentiment
Bullish 
Fundraising Statistics
$0.48 -6.65%
$2.4
Multicoin Capital Tier 1
Union Square Ventures (USV) Tier 1
Continue Capital Tier 2 ALGOAlgorand
USDCUSD Coin
Short Review Algorand
Crypto project Algorand (ALGO) is classified as a Currency. Algorand is a Utility token that is hosted on the Algorand Network. The current total supply is 7.35 B ALGO (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 25.00 M ALGO (0.25% of total tokens) have been allocated for the public sale. The level of social activity of the Algorand project is assessed as Medium.
Algorand ICO Overview
Estimated date for the public token sale: 19 June 2019. Algorand (ALGO) price during the token sale: 2.4 USD.
ALGO Price Chart
The launch of ALGO token trading took place on 21 June 2019.
Fundraising Rounds
Total sold 25.00 M ALGO tokens (0.00% of total tokens). Total amount of funds raised by the Algorand project is $126.00 M.
| Investment Round | Date | Price | Funds Raised |
| Public Sale | June 19, 2019 | $2.40 | $60.00 M |
| Venture Round | October 2018 | -- | $62.00 M |
| Seed | February 2018 | -- | $4.00 M |
Algorand Investors
Multicoin Capital Tier 1 Union Square Ventures (USV) Tier 1 Continue Capital Tier 2
Lemniscap Tier 2
Nirvana Capital Tier 2Algorand cryptocurrency (ALGO)
Algorand created the world's first protocol Open-source, permissionless, pure proof-of-stake blockchain for next generation financial products. The Algorand blockchain removes barriers to all forms of financial exchange and contributes to the creation of a new type of financial system, allowing the creation and exchange of value, the creation of new financial instruments and services, and the provision of privacy.
The native token of the Algorand blockchain is the Algo token. Algo benefits from all the core aspects of the Algorand protocol: it is fast, secure, can scale to over 80 million transactions per day, and guarantees that every Algo transaction will go through.
Algorand is the platform of choice for payment systems, authentication and verification networks, rewards and gaming applications, DeFi and the rapidly expanding field of NFT.
History of the Algorand project
The founder of this project is Silvio Micali. He received the Turing Award, which can be compared to the Nobel Prize, but only in the IT field. The project team includes scientists, leading financiers and economists.
ALGO Benefits
- Provides security at all levels. Algorand provides security at the user, protocol and network levels.
- Strong Partnership. They have established strong partnerships in the world of real estate and finance, collaborating with companies such as Securitize, Idex, BlockDeamon, OTCXN, etc. This suggests that the product that offers Algorand, there is demand.
Disadvantages of ALGO
- Vague roadmap. The roadmap does not show a clear time frame, due to which makes it difficult to see the development of this project in the future.
