Algorand Price (ALGO)

ALGO is mainly used for transferring value within the Algorand ecosystem. It's also key to securing the network. Validators stake ALGO to help validate transactions and keep the blockchain running smoothly. They get rewarded for their efforts. You can check the live price of ALGO on EXMON.

Algorand uses a Proof of Stake (PoS) model where people stake ALGO tokens to help validate transactions and keep the blockchain secure. The more ALGO you stake, the more influence you have in the validation process.

Algorand was founded by Silvio Micali, a computer scientist from MIT, back in 2017.

The total supply of Algorand is capped at 10 billion ALGO tokens. Right now, around 7.13 billion ALGO tokens are in circulation.

Algorand stands out because its founder, Silvio Micali, won the Turing Award in 2012 for his work in cryptography. The network runs on a PoS consensus model, similar to Ethereum, but with some extra perks like being carbon-neutral thanks to its carbon offset projects. In 2022, the Algorand Foundation put $10 million into The London Bridge to link up with the Ethereum blockchain, aiming to bring more liquidity to the Algorand network. This move helps boost the platform's low-cost, efficient system by connecting it to Ethereum's huge ecosystem and DApps.

You can buy ALGO straight from EXMON using a debit or credit card. If you're into crypto trading, you can also swap it for other coins on EXMON. The live ALGO price is updated in real-time on EXMON. If you need more details, check out the "How to buy Algorand (ALGO)" guide for step-by-step instructions.

To get an idea of ALGO's future price, check out the ALGO Price Prediction page. Keep in mind that the data is based on user input, not EXMON's opinion, so it's all about your own predictions and targets.