Algorand is dedicated to fostering constant evolution to anticipate and fulfill future technology needs on our platform.
English name of Token: Algorand
Ticker of Token: ALGO
Chinese name of Token: N/A
Country of Incorporation: Republic of Singapore
11.11 Ventures, APPLIED Crypto ventures,Lvna Capital, BIXIN Capital, Continue Capital, CMB International, foundation capital, HEX Capital, Mozalk Capital,NGC, Transference Fund, Youbi Capital, Nirvana Capital, IMO Ventures, POLYBIUS Capital, P2P Capital
Description of the project:
Algorand removes the technical barriers that for years undermined mainstream blockchain adoption: decentralization, scale, and security. Now you can build on a stable platform you trust.
Our consensus mechanism is permissionless and pure proof-of-stake. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand°Øs transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.
The Total Supply of Algos in the first 5 years will be a 10 billion Algos. The full 10 billion Algos will be minted in the genesis block with the following distribution:
Estimated algos to be injected into circulation£®initial via auction£©over the first 5 years£∫3.0 billion
Estimated participation rewards£®distributed over time)£∫1.75 billion
relay node runners(distributed over time): 2.5 billion
Algorand Foundation & Algorand,Inc. : 2.5 billion
End user grants(distributed over time): 0.25billion
Based on the overall token distribution schedule above, there are 1.75B algos allocated to rewards out of the 10B total supply to be minted.
Digital Signatures for Consensus°™°™https://eprint.iacr.org/2019/269.pdf
Vault: Fast Bootstrapping for the Algorand Cryptocurrency°™°™https://eprint.iacr.org/2018/269.pdf
Algorand Agreement - Super Fast and Partition Resilient Byzantine Agreement°™°™https://eprint.iacr.org/2018/377
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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