All quotes are firm for their displayed duration and are inclusive of our fees and spread. Learn more about Uphold’s fees and spread.
Quotes are temporary and non-executable. You must sign in to your Uphold account to execute a quote and start trading. The current price display refers to the median retail transaction size up to 5,000 Euros. It's important to clarify that prices may vary for very small or very large orders. Update the pricing information to accurately reflect this variance.
Like most trading venues, our price charts display current mid-market rates. When you trade, you receive the current bid or ask price, depending on whether you are buying or selling. The difference between the mid-market rate and the bid or ask price is the spread, which is a normal feature of how exchange order books work.
Digital currencies are high risk. Do not invest money you cannot afford to lose. Please consider whether trading crypto is appropriate for your individual circumstances before investing.
What is Algorand (ALGO)?
Algorand is a layer-one, proof-of-stake (PoS) blockchain.
Algorand launched in 2019. It bills itself as a scaleable, enterprise-grade blockchain focussed on solving real-world use-cases for both large organizations and ‘everyday people’.Â
Algorand was created by Silvio Micali, a recipient of the Turing Award in computer science and a long-standing faculty member of MIT’s Electrical Engineering and Computer Science department.Â
The Algorand whitepaper was published in 2017, and co-written by Silvio Micali and Jing Chen, a member of Stony Brook’s Computer Science department.Â
Algorand - in their own words
Algorand claims to have unrivaled point-of-sale transaction speed and industry-leading uptime.Â
Marketing materials also position Algorand as a particularly developer-friendly blockchain - Algorand offers 24-hour ‘concierge-style’ developer support, and claims developers can build their first dApp (decentralized application) in under ten minutes using the AlgoKit.
ALGO token utility?
ALGO is the Algorand blockchain’s native token. It is used for all on-chain transactions and as a governance token.
ALGO tokenomics
There is a total supply of 10 billion ALGO tokens. These will be gradually released until 2030.
For the latest breakdown of ALGO token distribution, check out Algorand Foundation’s page.
Developments within the Algorand ecosystem
Algorand technology has been adopted by a number of businesses across the music, art, travel, and payments industries (to name a few).
For the most recent use-cases of the Algorand blockchain, check out their Ecosystem announcements page.
Similar Assets
Trust in transparency
The transparency you need - gain insights into fees, have your questions answered and feel secure with our lawful dedication.Â
Navigate seamlessly with our detailed answers to frequently asked questions.
With reserves exceeding 100%, your funds are ready for withdrawal anytime.
Transparent service fees.
We are seriously dedicated to compliance and transparency.
Instant support, assistance and answers to your questions.