/biz/ - Business & Finance

>>22254109
Grats anon. Have some algo material. Pic related

>>22254109
i bought some today.
first time buying it.
i'm the anon that kept saying i was "thinking" of buying a stack of it.
.30 seemed like an ok entry
i'll probably stack 2.5k then forget aboutit.
seems like an easy 1x or 3x within 2-5 years.

>>22254109
>Lamboland
>10 billion supply
Good project but not lambo project mate.

>>22254265

>>22254265
Noooo, but what about that new partnership with the fed?

>>22254433
Every response gets material anons

Not going to make it with such a small stack anon. I hold 3k and even then I recognize I don't have much.

69k stack, buying the dip. Algo tech finna wreck ETH+LINK by 2022

>>22255017
I'm going to be regularly building on the stack.

>>22255096
This what I wanna hear

>>22254137
its like the cheer pack you get when sign up to college....

Derivates and more financial assets are being created on its bchain. Great project, offering real products and services.

It is doing at least what its pretended to do. Not like LINK nor EOS or another shitcoins that promised projects that after 2+ years are still not a reality neither have a date to finally launch lol

>>22254433

>>22255196
Have some cheer anon

>>22255017

>>22255450

>>22255505
>P? negro WHAT?

>>22255505

>>22255472
>Circle, eh? USDC, eh?

>>22255284

>>22254109
i only have 500 algos so far
slowly going to accumulate to around 5-10k

Does anyone have the algo meme with the smug pepe kinda like behind the algo logo fuck man I wish I saved it, meant to a while back. BTW poorfag 200 algies here buying more tonight

>>22255558
those digits. so close, anon. the algorithm is tired. it will rise up soon with kek.

>>22255578
>>22255609
O shit this was the meme I was looking for thank you fren hope u make it

>>22255609
yeah here you go.

>>22255609

>>22255558

>>22255661
needs wine glass.

>>22255609

>>22255651
Thanks anon. Unrelated to memes how to stake algo : what wallet what minimum requirement of algies?

>>22255746
the official one is amazing. instant staking too.

>>22255746

>>22255746
It's easy as fuck to stake
I'm using exodus

>>22255721

How much are each algo divisible by?
Like are there satoshis to each alto?

>>22255558
What does it mean anon, what is the impact of usdc here

>>22255952

>>22255450
i own alot of this shit. gotta follow the money. now tell me where i can find how to link my ledger rather than sticker bombing this thread cheer captain algo

>>22255952
coinbase is putting usdc on algorand
so you don't have to spend $10 in eth to send your usdc.

>>22256021
https://www.algorand.com/resources/blog/algorand-wallet-and-ledger-nano-x

>>22256043

>>22256083
thank you very much cheer team captain

>>22255915

>>22255815
Been thing about using exodus or the official algo wallet. How is exodus? Other anona...which wallet is the official wallet of algo, is it the alogrand wallet app on android?

>>22256210

>>22256230
fukken saved fren thx

>>22256246
Yes anon. Wallet available for Android.

>>22256246
exodus is pretty good, it isn't algo specific and is multiplatform (desktop/android/ios), that's why I use it. It allows for staking on multiple different networks too, which is nice.
I haven't tried the official wallet, but looking at their website it looks like it's available on android

>>22256266
Welcome anon

>>22256296
I used to also use exodus anon, but after comparing the % APY to the algoexplorer.io percent APY, I think exodus takes a tiny cut. I moved to official algo wallet to be safe just in case.

>>22256333
hmmm, gonna have to see if that's the case. I see 5.38% on exodus right now and 5.49% on algoexplorer
maybe it's just not updated as quickly or something

>>22256333
Checking my triple cheer digits.

>>22256370
Yes let me know. Exodus wallet has an incredible interface which is why I chose it originally

>>22256230
an* algonaut you fuckin pajeet.
>>22256266
stop encouraging this behavior

>>22256399
Checked dubs
>>22256419
Helping you anons with the material. I didn't create any of these, but have been compiling a list

>>22256455
kek and check'd.

>>22256333
checked. I love Professor Micali. He looks like he lives in the MIT library.

>>22256333
>>22256399
>>22256455
My cheer cheer digits are Turing complete
>>22256478
kek indeed anon we're gonna make it

XRP schizo here, can someone give me the qrd on Algo's tokenomics? From what I've read you don't get staking rewards

>>22256496
Definitely a legend. Have one last algo material related. Not because I ran out, but because I have to leave for dinner. Enjoy your night.

>>22256568
Okay fuck it have one more. Anon, you do receive staking rewards for algo. We're all staking. It's incredibly easy with algo. Just put it on your wallet and it's automatically staking. No lock times.

>>22256333
>>22256399
checked
might try to make a couple new wallets and see if the reward amount is different between them
don't think it would be possible to check in any other way, on exodus's FAQ page it links to algoexplorer to see current rates and doesn't say anything else about it

>>22256640
Thx anon

>>22255578
once i get a decent stack built, i'll make some maymays..
i need transparent png algo logos/symbols to work with. and i'll shit some memes .
i made the taytay blanket meme a couple years ago. it's #1 on jewgle.

>>22256589
is this a fucking joke. look at the time stamps. that ‘P’ was posted like an hour before you posted this with the equation written out. KEK O KEK.

>>22256617
Thank you kind sir, please can I have some more? What in your opinion will drive the price of Algo? E.g. if coinbase puts trillions of USDC on algo how would that affect the price of the native asset? Wouldn't the tokens hold the value and not Algo?

>>22256823
Lmfao nice anon. Don't have what you request unfortunately.

>>22256842
LMFAO I didn't even notice anon... Fuck me that's funny.
>>22256882
It would increase volume by a Metric fuck load anon as it would be essentially free to work with your usdc transactions instead of paying outrageous eth fees.

>>22256254
kek

>>22257037
Almost out of material anon. Didn't think I'd reach this point. ID changed as I left for food

What did the last auction clear at you fucks?

>>22256959
Right but if the fee of Algo per transaction is near 0 then why would the demand for Algo rise when all you want to do is send USDC quickly and cheaply? What am I missing here

>>22257098
Companies and projects that require processing hundreds of transactions each second don't want big fees. Algo also used for staking, delegation, etc.

https://www.algorand.com/wallet
check out the algorand wallet.. pretty sweet.

>>22257185
Presumably those transactions would be with the USDC token though and not Algo, so why would Algo's price rise? I can see staking being an incentive but if there isn't a demand for Algo itself then this wouldn't be that appealing either I would imagine

>>22257275
USDC is just a tiny part of the Algorand ecosystem. Lots of projects exploring cross-chain development onto Algorand & Polkadot.

Seriously, there was an auction on the 1st, right? What was the clearing price? How many algos?

They only have the first auction on their website.

>>22257366
But if there's no demand for the native asset (like there is with ETH due to the gas fees) why would Algo's price rise from the fundamentals?

Is it worth the trouble of staking or should I just throw in on my nano ledger?

>>22257498
It's PPoS anon. Native asset has to be dispersed amongst multiple parties for the blockchain to run. As more people join the ecosystem, the token will be sold less and less driving prices up as assets on algo still requires having algo for the tiny fee to work with different assets & transactions. Now imagine having way more products than ETH and dealing with cross-chain systems.

>>22257550
I answered above anon how to stake in ledger

I'm buying more bros. ALGO is the most undervalued coin when a piece of shit like DOT hit top 5 instantly.

>>22257069

>>22254109
Is $18 trillion USDC mint bullish or nah?

>>22254210
>seems like an easy 1x or 3x within 2-5 years.

Why not just invest in bonds?

>>22257498
they're going to take fees on companies do direct IPOs through their platform. follow the links, anon. FTX, Archax, USDC. NASDAQ will use ALGO in the future as well as an all-in-one UI for owning stocks (which will be moved to the blockchain, unironically).

>>22257627
I mean kek if it’s true that’s simply world changing kekekek

>>22257648
Based

>>22255746
I have around 5600 ALGO. How many can I gain daily/monthly by staking, anon? Also, I heard that we can stake on Binance too. Is it true?

>>22257648
Pic related

>>22257733
Just send it to your mobile wallet, it automatically stakes.

>>22257733
There's a reward calculator that will show you on the algoexplorer.io site under tools. Binance supports staking, but from what I heard, you get an amount at the end of the month. You're also trusting a chink to give you the right amount, which I don't. Just put it into a supported wallet anon.

>>22257733
Stake here:
https://wallet.myalgo.com/
Rewards calculator here:
https://algoexplorer.io/rewards-calculator
5.49% on a coin that could eventually be worth something. Put it in there ASAP. Transfers are instant and network fee is like 0.002 ALGO (less than a penny).

>>22257824
Fees are locked at 0.001 ALGO per transaction. Doesn't matter how much you transfer of any asset.

>>22257814
What do you think about the props token? It had the largest ICO on Algorand and has backing by Wall Street VC. Do you think there's much potential? Or just hold ALGO?

>>22257841
It's sad that /biz/ shilled LINK instead of ALGO. Much more potential for easy cash. Easy to stake (noob friendly for new money entering crypto) and high rewards. My ALGO stack isn't even fat but I'm probably gonna buy some more in the morning. Would like to get enough to at least make 1 ALGO per day from staking.

alright i moved my algo the the wallet and did multiple test transfers, it's very nice/cheap and fast.

how do i stake it?
does it automatically stake sitting in the wallet?

Been buying some link and algo over every paycheck the past few months. What size stack in algo should I strive for? Or should I just keep buying forever?

>>22257908
the staking is automatic

>>22257648
>>22257587
I'll look more into it thanks, maybe I'll get a bag

>>22257916
6700 ALGO will currently yield you slightly over 1 ALGO per day in rewards. That's if you're willing to put a few thousand into buying it.

>>22257867
I researched it. I'm sticking to algo personally. Wasn't interested in it, but the volume of prop transactions is large and proving algorand can handle it. Planets also has a large volume. Allegedly, the algorand chain can handle a significant increase in transactions than it currently has and still remain with 4-5 second finality.

>>22257923
awesome ty, anon.
gonna convert some shitcoins and stake algo.
i really like this wallet.
i'm gonna get my bros to use it and buy some, so they can help eachother out in a pinch.
we live all over usa, and this is a fast way to transfer funds when needed.

>>22257786
>>22257814
>>22257824
Thank you, fellow Algonauts.

>>22257968
>>22257900
this was my plan as well

>>22257900
Checked. I held link for years luckily and I do think it's still very valuable. I'm just diversifying my funds and algo seems very promising. I won't say my stack numbers, but I do get a very good staking return each day.

>>22257973
Inside the wallet, click on add asset and look at of the assets anon. I put a picture up earlier in the thread. There's more to come, including a gold purchase.

>>22257824
>https://wallet.myalgo.com/
is this same as the app?
when i go to this 1, i can login with the app account too?

>>22258033
Yeah I hold some LINK too and don't doubt I'll make sweet profits on it one day. But I still think ALGO would've been the better one to shill for a whole community.

>>22257968
Cool I'm willing. Ive recently paid off my student loans, so my plan is to invest what my payment was at minimum every month

>>22258103
Not sure desu senpai. I only use PC to access my ALGO wallet. Hopefully someone else can answer for you.

>>22258103
Haven't used the web wallet before anon. I'm sure if you just enter in the same seed phrase as your mobile wallet, they'll be the same. Also, you can probably use the new algosigner extension. It's their version of metamask.

>>22258149
yeah it is the same.
can import the mobile app wallet to
>https://wallet.myalgo.com/
so have computer/app access.
it works fast, np.
very simple to use.
already got a nice stack :)

>>22258249
yeah it works. just got it setup.

i bought like 95000 algo. but i cant figure out the wallet for shit probably just gonna sell at .40 if it ever goes back up. other then that im just sitting in usdc as the crypto market is still free falling.

>>22258361
Anon... I..... What? That's a lot of staking rewards you're missing on. Try the exodus wallet on your phone. It's so simple.
>download
>add asset/token (search algorand)
>click into algorand
>click receice
>copy address
>go to wherever you need to send from
>hit send on your algorand portfolio
>enter address you copied from Exodus wallet

The my algo official wallet is the exact same thing.

>>22258361
What are you having trouble with? Just click the Receive button after you log in, copy the address, and send your ALGO to there. I'd hold on to them for longer than 40c though.

>>22258361
nice bait, the wallet is the most noob friendly in crypto

>>22258361
i used the app, and converted all shitcoins off coinbase into algo about 10 minutes ago.
it's easy.
on the mobile app and the algo wallet site,
click the box looking icons next to your wallet name and it will show your wallet adress in digits/numerals or qr code.
simply copy/paste and it sends in a few seconds.. for a penny.

and for staking.. it updates every 9 minutes and shows steak.

>>22258411
its not algos fault, its coinbase. they let you buy the algo, and then say the wallet doesnt support algo (go fucking figure right?) so i guess im gonna need another wallet... and then another wallet...

>>22258691
nah. just 1 for algo.
can make your own gofundme on algo
and shill it to biz.

2 billion coins to devs? 50mil drop every 6 months? Only 8% circulating?

>>22258734
im in it for the tech.

>>22258361

r u a rich

can i eat u are poopoos for algos?

>>22258734
circulating coins are being accumulated, no one is dumping on your head

https://app.flipsidecrypto.com/cooperative/algorand

>>22257916
nice, my link stack is complete, and been looking for something like this 1 for more practical purposes like sending someone a few hundred bucks in a pinch..
works perfectly for it.

>>22258734
Long-term safe hold for sure. It's a safe spot to park profits. It was released extremely overpriced and fell. Then it fell again during the full market March crash. It has been a consistent rise since (before this full market crash). Long term, I think this will easily be in the multi-billion market club. It's better tech and partners than it's revivals currently besides ETH so I feel it's a good value to get during this downturn.

>>22258691
Nah you can send ALGO from Coinbase to your algowallet. I've done it several times dude. Haven't tried from the phone app though, just PC.

>>22258691
How long have you had the algo? They won't let you transfer it for several days I believe, assuming you bought with a bank account.

>>22254210
Don’t forget to grab the algo wallet for your phone or tablet and stake your Algos.
You will accumulate them pretty regularly over time.
Great way to earn extra Algos for free. No catch or minimum algo required.

>>22255017
My
Man grab the algo wallet and stake for free Algos!

If you get 1 a day from 6800 that's only like 5% a year?

What are your price prediction for it in 5years?

>>22259123

$2?

It needs a mega-pump to pass that. Or widespread (in a real sense) adoption to go past that.

A LINK-like pump past anything reasonable is the only hope.

>>22259080
yeah i already have it setup.
i can see it updating stake every 9 minutes. the minimum needed for steak is 1 algo.
the app is pretty sweet. only 5k downloads... that's good... means it's still unknown/fresh.
i know some algo holders in real life, i'll show them how to use it.
they are boston area business people too, they like things like chainlink, algo etc.
these are old boomer business ceo people too..
the algo wallet will be good demonstration to show them efficiency of blockchain tech.
they'll dig it.

i still want to do a guerilla marketing for algo, at places like gillette and fenway..
once boston area figures out what it does, it'll grow np.

>>22259233
Do your best, anon. Hopefully we see more regular threads on /biz/ to get the meme magic growing too. For now it looks like we're gonna be in an accumulation phase though.

>>22259233
Based. Algorand is one of the most legit projects with great potential for US adoption. I'm glad my /biz/ bros are getting in early

>>22259233
Checked digits anon. Based.

>>22259233
Checked. Get Francis Ford Coppola to interview Micali. Kek.

What's the realistic eoy ?
10$ ? 50$ ?

>>22259604
$1.37

>>22259604
Bro...It might be a few months at least before prices recover from this crash. I'd consider it lucky to see $1+ EOY. This is one of those coins you're gonna gain from in the long run.

>>22259357
>>22259280
yeah, thats ok, i'm not worried about it's price or making/losing money on it.
i'm using it for the tech/simplicity/speed/cost

i can send my lil brother on westcoast a grand in 4 seconds with algo and he can drive back to east coast if he ever needs it.
or if he breaks down half way, and needs a few hundred bucks.. can get it to him np in less time it takes to put on pants.

that's good enough use case for me to keep some money in it.

>>22257900
Everyone who "made it" off LINK started accumulating cheap and built big stacks. Same with ETH (years ago) and BTC (way way back).

ALGO is the next one. Build your stack while it's under $1. If it's adopted meaningfully, this thing is gonna blow up, and you're gonna want to own 50k, 100k of this.

And if not, shit man, it's crypto. It's not boomer assets. But I'm stacking and staking. 17k here and buying more.

only reason im buying algo is to compliment my moonshot RNDR which is switching from ETH to ALGO due to limitations in eth protocol

>>22260085
Many more still to come anon

>>22260035
The big "if". All of crypto right now is one big money-changing circus that could easily implode like the dotcom bubble when everyone realizes all of the value is made up.

Of all the horseshit out there, Algo at least has tech where you can easily create your own token in 5 minutes and have it in wallets in another 5. Plus a network that works fast with low fees.

The question is do they make it before the bubble pops

>>22260215
Having MIT and Wall Street backing is what makes Algorand most unique imo. Cryptofags have been promising Wall Street adoption for years, but it never happened. Now it looks like they're making their own project from scratch.

>>22259218
Wow thats pretty weak for a 5years hold.

>>22260497
You’re pretty weak for a 5 year old.

So, we're at $.33. The question is how long and how low is this dip going to be? Anyone know why?

>>22261212
Whole market is down bud. Algo isn't recovering until the rest of the market recovers too. It's all tied to btc.

>>22261212
Shits gonna hit sub 30 cents on Tuesday when the stock market crashes taking Bitcoin along for the ride.
Buy back in after that.
Anyone buying in now is a massive brainlet