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Algorand (ALGO)

Not staking

€ 0,40706

-9,74 % € -0,03965
24h 1w 1m 1y All

Algorand Price in Euros

(ALGO to EUR)

€ 0,40706

Algorand Volume

(24h)

€ 513.77 M

Market Cap

(Algorand)

€3.38 B
BTC

What is Algorand

Algorand is fairly new in the cryptocurrency market having been launched just two years ago, in 2019. This blockchain is intended to provide a borderless digital economy that is open for everyone and using only cryptocurrency that works like paper money, but without all the challenges that come with fiat currency.

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How does Algorand work?

Anybody with the Algo, Algorand’s token, can send any amount of the crypto to anybody with a wallet in less than 4.5 seconds, and confirmation is instant. Both the sender and the recipient do not have to wait and wonder if the transaction was successful; also, the money is ready to use right away.

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How to buy Algorand?

Algorand’s Algo is digital money that you can divide into smaller amounts. If you want to buy some, go to a crypto exchange network like Coinmerce, sign up for free, and decide if you want to pay by credit card or through another payment method.

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How to buy Algorand?

You want to buy (ALGO)? You can buy (ALGO) using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see (ALGO), use the search function to search for (ALGO) and click on the name. You can indicate for how many euros you want to buy (ALGO) in the right window. Below is shown how much (ALGO) you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy (ALGO) when the price of (ALGO) reaches your entered value. You can also execute a repeating order. Do you want to buy (ALGO) with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive (ALGO).

Proof of Stake Proof of Stake

0,50%

Est. Yearly rewards

24,56633 ALGO

Minimum holding Minimum holding

Not staking

Status
How much? *
ALGO ALGO
How long? *
*For calculating purposes only. If you start staking, you will stake the full amount in your ALGO wallet.
Estimated earning **
Based on 1000 euro the estimated annual earning will be:

€ 0,00 *

Approx 0,00 ALGO
Stake
*Rewards are calculated weekly and may vary from time to time, and the rates presented are not guaranteed.

More info

Like Cardano and Solana, for example, Algorand is a proof of stake blockchain. Algorand rewards users for contributing their ALGO as part of the network's validation process. The goal is to achieve scalable, faster and more cost-effective smart contracts. With Coinmerce, ALGO holders can stake and unstake their funds anytime they want.

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About Algorand

MIT Professor and computer scientist Silvio Micali created Algorand in 2019 with the intentions of improving three vital aspects of the blockchain technology: security, decentralization, and speed. It is an open-source and permissionless blockchain, which means it does not have any requirements and anybody who wants to can join and interact in the network. Micali worked with a team of varying expertise and experience – computer scientists, economists, mathematicians, and cryptographers – in creating a platform that deviates from the usual or traditional designs and processes of other cryptocurrencies. Its focus is on improving transaction speeds and thereby guarantees efficient and fast successful transactions. The Algo cryptocurrency is distributed to anybody who holds an amount – any amount – of the crypto in his wallet. Algorand is a payments-focused crypto network that utilizes staking via the PoS or Proof-of-Stake mechanism. It has five core features that attract both users and investors: speed, trustworthiness, scalability, security, and transparency.

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Founder Silvio Micali
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Founded 2018
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Website Website
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Network
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Location
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Rank 44
euro
Market Cap 3.38 B
euro
Trading volume 513.77 M
euro
Maximum coins 10 B
euro
Circulating 8.32 B
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