CryptoPotato score



Algorand is a new cryptocurrency utilizing a “Byzantine Agreement on Steroids” consensus protocol that proposes a solution for blockchain scalability, long transaction confirmation times, and the high energy consumption with Proof-of-Work (PoW) blockchains.
A test prototype of Algorand has demonstrated Algorand’s capability to perform with: 125x the transaction throughput of Bitcoin whilst scaling well to 500,000 users, Transaction confirmation times within a minute and a significantly small probability of forks, Trivial computations that require a few seconds of computation and do not require extensive computing power, miners, or proof of work to be done, Security against strong adversaries in the network
Algorand’s token will be used to collect pending transactions in the network and create a new block with them, verify their legitimacy by ensuring there are no fake transactions or attempts to double spend.

Dutch Auction Ended

19 Jun 2019

Total Hardcap

Token: ALGO

Token type: Native

ICO price: 1 ALGO = $0.6 USD

Finite token number: 10,000,000,000‬ ALGO

Token Allocation: 30% Auction | 25% Relay Node Runners | 25% Algorand Foundation | 17.5% Participation Rewards | 2.5% End User Grants

Availability: United States of America and its territories, Canada, Democratic People's Republic of Korea, Cuba, Syria, Iran, Sudan, Republic of Crimea, People's Republic of China Not Allowed to Participate

Status: Whitepaper is ready

Accepted Currencies: USD

Dutch Auction

Date: Jun 19th, 2019
Cap: 250,000,000 ALGO (~2,500,000,000‬ USD)

Team Members

Computer scientist at MIT Computer Science and Artificial Intelligence Laboratory,. Received the Turing Award for the year 2012

Silvio Micali


Steve Kokinos - Algorand - Team Member

Steve Kokinos


- Algorand - Team Member

W. Sean Ford


0 (69)

Naveed Ihsanullah

Head of Engineering


Prof. Nickolai Zeldovich

Associate Professor at MIT

(no title)

Sergey Gorbunov

Head of Cryptography


Jing Chen

Head of Theory Research and Chief Scientist

Advisory board


Andrew Lo

Economic advisor


Christian Catalini

Economic advisor

Professor of electrical engineering and computer science at MIT, Received the Turing Award for the year 2012

Shafi Goldwasser

Scientific advisor


Costantinos Daskalakis

Scientific advisor

Founder & CEO of AngelList

Naval Ravikant

Cryptocurrency advisors

A world expert in cryptography, is a faculty member in computer science at UC Berkeley.

Alessandro Chiesa

Cryptocurrency advisors


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