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File: 38 KB, 784x506, Algorand.jpg [View same] [iqdb] [saucenao] [google]
25611802 No.25611802 [Reply] [Original]

Tell me everything I need to know about Algo and I'll buy 5k usd worth. I heard something about a genius leading the project or something? that's all I know

>> No.25611828

>>25611802
25% algo and 75% ada, you’ll be set in 1-2 years

>> No.25611864

>>25611802
look at how much the market cap has gone up in the last few years and compare that to the price. that's all you need to know. decent project, terrible tokenomics.

>> No.25611903

>>25611802
Algorand is a pee pee token erc-20 token minted by Desire Finance that uses a proof of poop consensual algorithm to create pee pee scaling and fast poop transactions per second. It was founded by MIT, as part of the pee pee program, and is considered to be a Web 3 blockchain alongside Cardano and Polkadot. Devs drop 150 million pee pee tokens per year minimum causing the price to never go up.

>> No.25612305

boomers love it on coinbase because they see the counter go burrrrrrrrrrrrr.

>> No.25612359

>>25611903
Kind of this, more doodoo, inflation is big peepee on this one, not ER-20 though

>> No.25612425
File: 216 KB, 1149x832, 82427e66d262055eb58c3a0c1600122f14fbd873984b1b1c10cd2698ef5c325a.png [View same] [iqdb] [saucenao] [google]
25612425

>>25611903
Oh shit! Just bought 500k!

>> No.25613402
File: 173 KB, 669x968, 1609822798735.jpg [View same] [iqdb] [saucenao] [google]
25613402

Interested

>> No.25613496

>>25611802
Algorand is one of the best smart contract blockchain with Cardano. 46k tps, 2.5sec finality, fees stay low, at 0.001 ALGO, as it scales. Apart from the fact there is some inflation on the way (a bit mitigated by the rewards), it's a perfect environement. Can't wait to have clean DeFi on it.