Project: Algorand 

TOKEN: ALGO

 

Introduction: 

Algorand believes a public, permissionless, pure proof-of-stake blockchain with an open source approach is fundamental to delivering on the vision of a borderless economy.  

The Algorand blockchain is entirely decentralized, which means there is no powerful central authority or single point of control. A unique committee of users is randomly and secretly selected to approve every block. Nodes are run by entities representing diverse backgrounds across many different countries.

Algorand uses a pure proof-of-stake (PPoS) consensus protocol built on Byzantine agreement. This means the system can achieve consensus without a central authority and tolerate malicious users as long as a supermajority of the stake is in non-malicious hands. The users’ influence on the choice of a new block is proportional to their stake in the system (number of algos). Users are randomly and secretly selected to both propose blocks and vote on block proposals. All online users have the chance to be selected to propose and to vote. The likelihood that a user will be chosen is directly proportional to its stake.

Total Token Supply: ten billion (10,000,000,000) algos (read more: https://algorand.foundation/token-dynamics)

Circulation:2,643,333,333

Offering price:2.4 USD

First Auction Distribution: twenty-five million (25,000,000) algos will be distributed to auction recipients following the initial Dutch Auction on June 19, 2019. (read more: https://algorand.foundation/token-dynamics, and https://algorand.foundation/algo-auctions

Official Website: https://www.algorand.com/    

White Paper: https://www.algorand.com/docs/whitepapers/

Offering price: To-be-determined, based on clearing price from Dutch Auction on June 19, 2019

Blockchain Explorer: https://testnet2.algoexplorer.io/