Algorand (ALGO) Price



Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.

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’. 

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. 

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. 

Algorand - in their own words

Algorand claims to have unrivaled point-of-sale transaction speed and industry-leading uptime. 

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.

How to buy Algorand (ALGO)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

Get more coin for your coin

0% withdrawal fees

Low spreads

Learn more