Algorand is a new cryptocurrency that confirms transactions with latency on the order of a minute while scaling to many users. Algorand ensures that users never have divergent views of confirmed transactions, even if some of the users are malicious and the network is temporarily partitioned. In contrast, existing cryptocurrencies allow for temporary forks and therefore require a long time, on the order of an hour, to confirm transactions with high confidence.
Algorand uses a new Byzantine Agreement (BA) protocol to reach consensus among users on the next set of transactions. To scale the consensus to many users, Algorand uses a novel mechanism based on Verifiable Random Functions that allows users to privately check whether they are selected to participate in the BA to agree on the next set of transactions, and to include a proof of their selection in their network messages. In Algorand's BA protocol, users do not keep any private state except for their private keys, which allows Algorand to replace participants immediately after they send a message. This mitigates targeted attacks on chosen participants after their identity is revealed.
First 50 delegates will receive 2B tokens. Subsequent 50 delegates will receive 500M tokens.
Subsequent 100 delegates will receive 250M tokens.
Subsequent 200 delegates will receive 125M tokens.
Subsequent 400 delegates will receive 72.5M tokens.
Subsequent 800 delegates will receive 36.25M tokens.
Subsequent 1400 delegates will receive 16.25M tokens.
Token Price0.05 USD
Total Tokens10 Billion USD
Token for sale2 Billion ALGO
Hard cap50,000,000 USD
Private saleNo pre-sale
Whitelist / KYCyes
Token Issue Date
First 50 delegates will receive 2B tokens. Subsequent 50 delegates will receive 500M tokens. Subsequent 100 delegates will receive 250M tokens.Subsequent 200 delegates will receive 125M tokens. Subsequent 400 delegates will receive 72.5M tokens.Subsequent 800 delegates will receive 36.25M tokens.Subsequent 1400 delegates will receive 16.25M tokens.