Algorand, or ALGO, is a decentralized, blockchain-based network that supports a wide range of applications, focusing on scalability, security, and decentralization ¹. It uses a unique pure proof-of-stake (PoS) consensus algorithm to eliminate the need for energy-intensive mining ².$ALGO

*Key Statistics:*

- _Market Capitalization:_ $1.2 billion ¹

- _Circulating Supply:_ 8.3 billion ALGO ¹ ³

- _Total Supply:_ 10 billion ALGO ¹ ³

- _All-Time High:_ $3.56 (June 2019) ³

- _All-Time Low:_ $0.08751 (September 2023) ³

*ALGO Token Utility:*

ALGO is used for various purposes, including:

- _Governance:_ Participate in Algorand Network decision-making

- _Staking:_ Validate transactions and earn rewards

- _Gas Fees:_ Pay for transactions and smart contract execution

*Algorand Features:*

- _Scalability:_ Achieves high transaction speeds (up to 10,000 TPS)

- _Security:_ Utilizes pure proof-of-stake consensus algorithm

- _Decentralization:_ Thousands of validators secure the network

*Where to Buy ALGO:*

You can trade ALGO on popular centralized crypto exchanges like Bybit, Coinbase Exchange, and HTX ³.

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