What is Algorand (ALGO)

1. Project Introduction
Algorand is a self-sustaining, decentralized blockchain network supporting a wide range of applications. It is designed to be secure, scalable, and efficient—key attributes for real-world use cases. Launched in 2019, Algorand aims to be a payments-focused network solving the blockchain trilemma. It achieves this through a unique two-layer architecture and a Pure Proof-of-Stake consensus mechanism, offering near-instant finality and high throughput.
2. Team & Investment Info
Team:
Silvio Micali (Founder) – MIT professor and 2012 Turing Award winner for foundational work in cryptography, secure computation, and blockchain.
Funding:
Seed round in Feb 2018: $4M (Union Square Ventures, Pillar VC)
Series round in Oct 2018: $62M (Union Square Ventures, Eden Block, NGC Ventures, Lemniscap, Eterna Capital, VLane Capital)
ICO via CoinList: $60.4M
3. Social Media URLs
X: https://x.com/AlgoFoundation
Telegram: NA
Discord: https://discord.com/invite/algorand
4. Token Info
Token Symbol: ALGO
Total Supply: 10,000,000,000
Token Type: ALGORAND
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://allo.info/
Token Distribution:
Public Sale: 30%
Nodes: 25%
Team & Investors: 20%
Community Rewards: 17.5%
Foundation: 5%
Grants: 2.5%
5. Related Links
Official Website: https://algorand.co/
White Paper: https://developer.algorand.org/
Other Info: https://forum.algorand.org/?__hstc=10350826.30ab1d3a83dc727e512134b504ba725a.1730966777353.1730966777353.1730966777353.1&__hssc=10350826.1.1730966777353&__hsfp=1277393598