Introducing the Algo
The Algo
Algo is the native token of the Algorand blockchain.
It powers a diverse range of applications across the Algorand ecosystem. Whether Algo holders are buying an NFT, providing liquidity in DeFi, or battling it out on a gaming platform, Algo tokens are essential. They also cover transaction fees, keeping everything running smoothly.
Algo can be used to send and receive funds quickly and efficiently, purchase goods and services, participate in DeFi, become an Algorand Governor, and secure consensus among participation nodes.
Why Algo?
/Resilience.svg)Peer-to-peer transfers
Algo can be sent directly from one account (wallet) to another—no intermediaries required.
/Scalability.svg)Available to anyone, anywhere
A bank account isn’t needed to hold or receive Algo, just a wallet address and internet connection.
/Wallet.svg)True ownership
Algo holders truly own their tokens, essentially acting as their own bank and in full control of their funds.
Algorand by the numbers
Total Algo minted (capped supply): 10B
Algo held by the Algorand Foundation: Algo not yet in circulation
Circulating supply of Algo:
8969018347.040630
A reconciliation of Algorand Foundation holdings is reported quarterly in the organization's Transparency Report.
FAQ
About Algo
What is the circulating supply of Algo?
The circulating supply of Algo gradually increases through time as the remaining Algo held by the Algorand Foundation enter general circulation.
Does the Algorand Foundation own tokens?
The Algorand Foundation holds Algo tokens as part of its treasury. For more information, see the Foundation's list of wallets and a reconciliation of holdings that is documented in the organization's quarterly Transparency Report.
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