{"id":"algorand-algo","title":"Algorand (ALGO)","content":"**ALGO** is the native cryptocurrency of the [Algorand](https://iq.wiki/wiki/algorand) [blockchain](https://iq.wiki/wiki/blockchain), launched in June 2019 alongside its [mainnet](https://iq.wiki/wiki/mainnet). It supports the network’s Pure [Proof-of-Stake](https://iq.wiki/wiki/proof-of-stake) consensus by facilitating transactions, governance, and [staking](https://iq.wiki/wiki/staking) without requiring token lockups. [\\[1\\]](#cite-id-jnj3naqbz29) [\\[3\\]](#cite-id-gxbw187tlng)\n\n![](https://ipfs.everipedia.org/ipfs/QmWK1Q3PnoearoeX4ECfZpFTcpPWSMWoUgVZ3ZLJENFBXe)\n\n# Overview\n\nALGO is the native token of the [Algorand](https://iq.wiki/wiki/algorand) network, which operates on a Pure [Proof-of-Stake](https://iq.wiki/wiki/proof-of-stake) (PPoS) [consensus mechanism](https://iq.wiki/wiki/consensus-mechanism) designed to balance security, scalability, and decentralization. Transactions are finalized instantly, with the network handling up to 1,000 transactions per second. ALGO holders and [node](https://iq.wiki/wiki/node) operators play essential roles in validating [blocks](https://iq.wiki/wiki/block), and the system uses Byzantine agreement protocols to maintain security, even if individual [nodes](https://iq.wiki/wiki/node) are compromised. Token supply is capped, with all ALGO [minted](https://iq.wiki/wiki/minting) at genesis and distributed gradually with each [block](https://iq.wiki/wiki/block).\n\nALGO has several key functions within the ecosystem. It is used for [staking](https://iq.wiki/wiki/staking), where influence over consensus is tied to the amount held, supporting decentralization and security. ALGO also functions in governance, allowing users to vote on network proposals by locking tokens for 90-day periods. Additionally, it serves as the [gas](https://iq.wiki/wiki/gas) token for paying [transaction fees](https://iq.wiki/wiki/transaction-fee), helping sustain network operations. Algorand incorporates automatic storage participation, meaning all users contribute to data storage once they join, supporting a two-tier decentralized structure. [\\[1\\]](#cite-id-jnj3naqbz29) [\\[9\\]](#cite-id-XDzmRkNoUA)\n\n$$widget0 [YOUTUBE@VID](XtKTk-ebyQE)$$\n\n# Tokenomics\n\nALGO has a maximum supply of 10B tokens and has the following distribution: [\\[2\\]](#cite-id-xvikg0tahzn) [\\[11\\]](#cite-id-ATJMZh56gy)\n\n* **Public Sale**: 30%\n* **Node Runners**: 25%\n* **Team:** 20%\n* **Participation Rewards**: 17.5%\n* **Algorand Foundation**: 5%\n* **End User Grant**: 2.5%\n\n# Staking\n\n[Algorand's](https://iq.wiki/wiki/algorand) [staking](https://iq.wiki/wiki/staking) rewards system, introduced with the [Algorand](https://iq.wiki/wiki/algorand) 4.0 upgrade in January 2025, distributes real-time rewards to [validators](https://iq.wiki/wiki/validator) who successfully propose blocks. The system eliminates common [staking](https://iq.wiki/wiki/staking) restrictions like lockups and slashing penalties, allowing users to retain control of their assets while contributing to network security.\n\n[Validators](https://iq.wiki/wiki/validator) earn 10 ALGO per proposed block, with the reward amount decreasing by 1% for every million blocks. They also receive 50% of the [transaction fees](https://iq.wiki/wiki/transaction-fee) from their blocks. Participation is accessible through multiple methods: running a [node](https://iq.wiki/wiki/node) (for users with 30,000+ ALGO), [liquid staking](https://iq.wiki/wiki/liquid-staking) via platforms like Folks Finance and Tinyman, [staking](https://iq.wiki/wiki/staking) pools through Pact or Réti, and delegated [staking](https://iq.wiki/wiki/staking) with services like Valar. These options aim to expand participation and reinforce decentralization while maintaining scalability and security. [\\[10\\]](#cite-id-qKRTFFWSZs)","summary":"Algorand (ALGO) is a cryptocurrency on the Algorand blockchain, used for transactions and rewarding network participants, with 10 billion tokens created at ince...","images":[{"id":"Qmcjz99EfjYbx7EGR7fTfAPUB4RDJq1U9VCuV5pb4yV1ok","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Protocols"}],"media":[{"id":"https://www.youtube.com/watch?v=XtKTk-ebyQE","size":"0","name":"XtKTk-ebyQE","type":null,"source":"YOUTUBE"},{"id":"QmckyS9fyt6fpJoVzddZKbywg5rD3kEfDAmDUN7Erdwd9V","size":"0.18","name":"image","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmWK1Q3PnoearoeX4ECfZpFTcpPWSMWoUgVZ3ZLJENFBXe","name":"cK17e4DiFA8kdXBX.jpeg","caption":"","thumbnail":"QmWK1Q3PnoearoeX4ECfZpFTcpPWSMWoUgVZ3ZLJENFBXe","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[{\"id\":\"jnj3naqbz29\",\"description\":\"ALGO Token\",\"timestamp\":1680517841402,\"url\":\"https://algorand.co/technology/the-algo\"},{\"id\":\"xvikg0tahzn\",\"url\":\"https://www.algorand.foundation/tokenomics\",\"description\":\"tokenomics\",\"timestamp\":1680518815989},{\"id\":\"gxbw187tlng\",\"url\":\"https://coinmarketcap.com/currencies/algorand/\",\"description\":\"coinmarketcap\",\"timestamp\":1680518835251},{\"id\":\"8y0dnplrq14\",\"url\":\"https://www.coingecko.com/en/coins/algorand\",\"description\":\"coingecko\",\"timestamp\":1680519378431},{\"id\":\"165ljsabima\",\"url\":\"https://www.algorand.foundation/algorand-vesting-report\",\"description\":\"algo vesting report\",\"timestamp\":1680520176954},{\"id\":\"8jlcggwj2k\",\"url\":\"https://wallet.myalgo.com/home\",\"description\":\"myalgo wallet\",\"timestamp\":1680520528188},{\"id\":\"ix59daekg9\",\"url\":\"https://www.algorand.foundation/news/new-algo-dynamics-overview\",\"description\":\"algo dynamics model\",\"timestamp\":1681303456548},{\"id\":\"wgc5ty1vok9\",\"url\":\"https://algorand.com/resources/blog/decentralizing-algorand-governance-nov2020\",\"description\":\"silvio micali's proposal\",\"timestamp\":1681304019667},{\"id\":\"XDzmRkNoUA\",\"description\":\"What is Algorand (ALGO)? | Kiptomat\",\"timestamp\":1749666786172,\"url\":\"https://kriptomat.io/cryptocurrency-prices/algorand-algo-price/what-is/\"},{\"id\":\"qKRTFFWSZs\",\"description\":\"Staking rewards are live | Algorand Blog\",\"timestamp\":1749666985890,\"url\":\"https://algorand.co/blog/algorands-staking-rewards-are-live\"},{\"id\":\"ATJMZh56gy\",\"description\":\"ALGO | Tokenomist AI\",\"timestamp\":1749667055560,\"url\":\"https://tokenomist.ai/algorand\"}]"},{"id":"website","value":"https://algorand.com/"},{"id":"twitter_profile","value":"https://twitter.com/Algorand"},{"id":"github_profile","value":"https://github.com/algorand"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/algorand/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/algorand"},{"id":"contract_url","value":"https://allo.info/"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmavHiqKotUEn2Mi3grv8ARoYX6vPTJChpyuovxok2iQFv\""},{"id":"commit-message","value":"\"Enhance ALGO article with internal links, image, and formatting updates.\""},{"id":"previous_cid","value":"QmavHiqKotUEn2Mi3grv8ARoYX6vPTJChpyuovxok2iQFv"}],"events":[{"id":"AffQPwtNqe","date":"2019-06","title":"Date Founded","type":"CREATED","description":"ALGO was launched in June 16, 2019, along with the mainnet for Algorand","link":"https://algorand.com/"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"language":"en","version":1,"linkedWikis":{"blockchains":["algorand"],"founders":["silvio-micali"],"speakers":[]}}