Dear Supporters:
Algorand is going to launch its mainnet on June 19, and CoinEgg will add the trading pair of Algorand as soon as possible according to the project situation.
Name: ALGORAND
Coin: ALGO
Founder: Silvio Micali
Overall Token Distribution: The Total Supply of Algos in the first 5 years will be a 10 billion Algos. The full 10 billion Algos will be minted in the genesis block with the following distribution:
Estimated Algos to be injected into circulation (initially via auction) over the first five years: 3.0 billion
Estimated participation rewards (distributed over time): 1.75 billion
Relay node runners (distributed over time): 2.5 billion
Algorand Foundation & Algorand, Inc.: 2.5 billion
End user grants (distributed over time): 0.25 billion
Mission: The Algorand Foundation is committed to the development of an inclusive and transparent system where anyone can build prosperity through decentralized applications and projects, no matter where they are. The Algorand Foundation will provide assistance with the network launch, along with initial governance and evolution of the public blockchain, with a primary goal of promoting broad participation and decentralization of the network. The Algorand Foundation is helping make the borderless economy a reality.
Website: https://algorand.foundation/
Risk Warning:
Digital assets are innovative investment product, and the price is volatile and unpredictable. Please make rational decisions when investing.
CoinEgg Team
June 18, 2019
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