Algorand (ALGO) was launched on HotsCoin on January 10. Algorand (ALGO) is a decentralized, scalable and secure blockchain infrastructure that aims to achieve transaction throughput at traditional financial speeds while providing immediacy. , nearly zero transaction costs and 24/7 service. Designed by MIT professor and Turing Award-winning cryptographer Silvio Micali, Algorand powers the economic models of the future in areas such as decentralized finance and generative NFT art. This report will conduct an in-depth study of Algorand’s basic information, ecosystem, key events, ecological projects, expected progress in 2022, ALGO Grants program, and four major investment directions. XLM is currently open for trading on HotsCoin.
Basic information
Circulation: 8,033,366,755.148 ALGO
Total supply: 8,033,366,755.148 ALGO
Circulation market value: $1,484,356,013.5
Fully diluted market cap: $1,847,738,387.58Key events
2019-06-19: Algorand completes US$66 million in public financing round
2018-10-24: Algorand completes US$62 million in financing
2018-02-15: Algorand completes US$4 million in seed round financingAlgorand ecosystem
The Algorand ecosystem has been continuously improved in the past two years, covering 27 subdivisions such as DEX, lending, cross-chain, wallets, and NFT transactions. Key ecological projects include:
DEX: Yieldly, Tinyman, Algodex
Lending: AlgoFi, Folks finance
Cross-chain: Algomint, C3 Protocol
Wallet: Pera Wallet, MyAlgo Wallet
NFT trading platform: AB2 Gallery, Rand Gallery, Aorist
NFT Music: Opulous
NFT PFP: Al Goanna
Game: Zone by XTZ
Oracle: Algoracle
DAO: AlgoDAO
Domain name: ANS
Environmental Protection: Planet Watch, ClimatetradeExpected progress in 2022
State Proof state consensus: Provides quantum-level security and multi-chain bridge interactivity, enhancing cross-chain interoperability.
EVM compatibility: It is expected to achieve compatibility between Algorand Virtual Machine (AVM) and Ethereum Virtual Machine (EVM) to promote the integration of ETH ecosystem and Algorand.
DeFi growth: Driven by EVM compatibility, the DeFi ecosystem on Algorand will usher in rapid growth.
Carbon Finance: Algorand has become the first blockchain with negative carbon emissions, and the field of carbon finance is expected to become a hot spot.ALGO Grants Program
The Algorand Foundation launched the $250 million ALGO Grants program to support projects in multiple directions such as application development, tools and infrastructure, research, and education and community. The four major investment directions include industry research, infrastructure and development tools, applications, and communities.
in conclusion
As part of the global financial ecosystem, Algorand is quickly becoming an important player in the blockchain space through its decentralized, scalable and secure features. Its strong ecosystem and growing projects enable it to demonstrate its presence in DeFi, NFT, cross-chain and other fields