Algorand smart contracts

[Anonymous No.21629263]

https://www.algorand.com/resources/blog/algorands-smart-contracts-powering-advanced-apps

Reminder to get in this year if you're not a faggot. Will replace ETH, has fed support. ADA bros need to jump ship.

[Anonymous No.21629336]

big if true.

Was interesting to see IDEX leave Ethereum for Algorand.. What do they know?

[Anonymous No.21629406]

>>21629263

[Anonymous No.21629454]

>>21629263
Imagine defi running on algorand, transaction fees costing less than a cent and executing within seconds every time

[Anonymous No.21629499]

>>21629454
This.

[Anonymous No.21629618]

Do I need a separate wallet for this?
Algo, Iota, etc, many stores for me desu or am I just not getting the algoscan?

[Anonymous No.21629740]

It’s also comfy knowing I own a piece of a Rothschild-backed project.

[Anonymous No.21629750]

>>21629336
of anyone, they were probably the most aware of the ETH congestion/tx issues

>>21629618
You can use their wallet, it is nice, exodus, and hardware for staking. Possibly coinlist or other exchanges but I'm not sure they let you stake.

[Anonymous No.21629940]

just bought the dip last night. I love my shitcoins, but I can only throw so much at COOM. lol. Stack it and stake it while it's under $1.

[Anonymous No.21630177]

>>21629263
ALORA!

[Anonymous No.21630312]

>>21629263
What about the 1st September token dump? I may buy a small bag, after.
I'm not selling my Ada, nice try nigga

[Anonymous No.21630562]

>>21630312
>thinks technicals mean anything in a bull market
Found the newfag kek

[Anonymous No.21630623]

>>21630312
You are what we like to call in the academic circles a "poser". You think you are intelligent being a cheerleader for:
>muh scientific coin
>muh peer reviewed tokenomics
but we all know that your mascot, Chuck Foreskin, gets absolutely mogged any time the Italian wizard (Professor Micali) speaks.

[Anonymous No.21630991]

>>21629263
whats a make it stack? been looking at picking up this bad boy for a bit

[Anonymous No.21631046]

>>21630562
So, it's just a coincidence that Algo's price drops every 6 months! I'm relieved. Still, not buying for this month

>>21630623
You speak like every pyramid scheme salesman. Lick my salty, academically gifted, balls.
It's funny how every shitcoin bagholder is trying to fud ADA.

[Anonymous No.21631161]

>>21630991

i have 200k hope i can make it

[Anonymous No.21631265]

>>21631046
you type like you're from reddit. go back.

[Anonymous No.21631315]

>>21631046
Everyone thinks it will fall on 9/1 and wants to buy the dip.. probably wont go as low as you hope. 50c seems like strong support for now

[Anonymous No.21631329]

>>21629263
I couldn't bought any at 50 cents.

Broke life sucks bad!

[Anonymous No.21631385]

Bought at 22 cents
Can't wait to hit ten dollars

[Anonymous No.21631393]

>>21631315
It is bro, yesterday was at 49999 cents and today we are at 60 and strong, algo it is quite a comfy hold, but Im "scared" that price might drop too much to rocover aby momentun before eoy.

[Anonymous No.21631419]

>>21631385
Also, how much algo to make it? I currently have 3000

[Anonymous No.21631457]

>>21631161
Nice, just bought 100k

[Anonymous No.21631600]

>>21629618
You can download the Algorand wallet app and immediately start staking. You literally earn a certain percentage a day. Not annually, quarterly or whatever. DAILY.

[Anonymous No.21631790]

>>21629263
Glad to see /biz/ is catching up on this gem. Also, we bounced from .50 to .60 pretty quickly today. Strong support.

[Anonymous No.21631812]

>>21631790
THE BIG CUNHA

[Anonymous No.21632041]

>>21631812
>Imagine looking at that Chad Cunha and still not pouring your life savings into ALGO

[Anonymous No.21632186]

>>21629263
>https://www.algorand.com
Does this stand on eth? Is it its own crypto?

[Anonymous No.21632222]

>>21632186
https://algoexplorer.io/

[Anonymous No.21632231]

>>21632186
DYOR newfag. It is a completely new blockchain which is already better than eth in every technical aspect.

[Anonymous No.21632372]

>>21632222
checked

[Anonymous No.21632374]

What are the current drawbacks to algo? I'm holding a 10k stack but still unsure on what is stopping this from being propelled past the competitions

[Anonymous No.21632544]

>>21632372
Holy shit. ALGO $2 EOY.

[Anonymous No.21632871]

>>21629499
THE
>>21630177
ALGORITHM
>>21631600
IS
>>21632222
TURING
>>21632544
COMPLETE

[Anonymous No.21633088]

>>21632374
Shit for marketing & no momentum with the shitstains on /biz/.

[Anonymous No.21633429]

>>21632374

For the tech: nothing. It's the best in the industry, has the smartest team in charge.

The economics:
Initial tokenomics were lousy, so the insiders dumped. ALGO made changes to this. Some people still say insiders control too many tokens, but ALGO has raised $100m in VC, so they are trying to do something huge. It's not a Dapp. Huge goals require a lot of tokens.

Short term it's gonna bounce around. Long term, capital plus brainpower usually wins. Buy the dip.

[Anonymous No.21633455]

>>21633088
Is ALGO even something that needs either of them. It's being picked up by big names in industry and is doing nicely without mass shilling on /biz/

[Anonymous No.21633471]

What's /biz/ prediction of Algo ATH 2021? $5?

[Anonymous No.21633487]

Yes but what’s the fucking make it stack?

[Anonymous No.21633557]

algo wallet is fucking FIRE. thanks anon.

1k algolet here.

[Anonymous No.21633630]

>>21633487
100k make it
10k suicide

[Anonymous No.21633705]

>>21632871

[Anonymous No.21633937]

>>21629263
Just read the article... Makes you think how good this algo team might actually be. IOTA thread is shilling how good it is with the latest update now that it's finally at 1000+tps and is working on making smart contracts work....

Meanwhile, algo has all of this built into LAYER FUCKING ONE of their blockchain and it's live already? No wonder it's (((their))) coin... Might actually buy 100k of this shit for long term hold.

[Anonymous No.21633972]

There's like ten billion algoturds it will never be worth anything ever

[Anonymous No.21634662]

>>21633972
>Being this mad you never bought the dip

Could never be me

[Anonymous No.21634766]

>>21634662
Keep deluding yourself bud

[Anonymous No.21634924]

>>21633972
If things were to stay proportional and my math isn't retarded... Looking at 2.25 billion circulating tokens when the max supply of 10 billion is online. Actually similar to IOTA current circulation, except algo wouldn't hit that for 5 years from now. No, I won't explain the math... Go look at the algo explorer and figure it out yourself.

They may also decide to reduce that number as they've already made changes to their releases based on a pdf their foundation put out awhile back.

[Anonymous No.21634945]

>>21634766
Going to delude myself all the way to $5

[Anonymous No.21635418]

I FOMO'd solely on the Team and tech alone.

[Anonymous No.21635474]

>>21633471
I don’t know but I’ve got 26.7k of them

[Anonymous No.21635487]

I put 100 in. If it cracks .75 I’ll put 1k on it and hodl until the heat death of the universe

[Anonymous No.21635715]

>>21629263
Would you put more into Alogrand or xrp?

[Anonymous No.21635756]

>>21635715
Yes

[Anonymous No.21635827]

REMINDER TO GET THE ALGORAND WALLET FOR MAX COMFY STAKING

[Anonymous No.21635844]

>>21635474
An ARKIE invested in the same project as me?

[Anonymous No.21635963]

>>21635474

[Anonymous No.21636042]

>>21635844
Digits checked. Just sold 50k algorand.

[Anonymous No.21636454]

>>21636042
Thanks, gonna scoop up more, what a pal you are!

[Anonymous No.21637220]

>>21635474
nigga invested in gas very nice play faggot hats off

[Anonymous No.21637300]

>>21635756
kek.
>>21635827
its seriously amazing.

[Anonymous No.21637497]

>>21637300
Is it still a 0.001 ALGO fee to stake in the algo wallet compared to exodus? I was under the impression that all algo transactions on the chain are 0.001 fee

[Anonymous No.21638410]

>>21637497
Just the transactions, staking is automatic and absolutely free

[Anonymous No.21638604]

In case anyone was wondering about staking, here you go:

https://algoexplorer.io/rewards-calculator

[Anonymous No.21639250]

>>21638604
So, what is it likely to moon to in the long term?

[Anonymous No.21639300]

>>21639250
it will be lucky if it ever breaks a dollar and if it does it will mostly be from inflation

[Anonymous No.21639346]

>>21638410
Right I was just curious if the algo was deposited into your wallet automatically inside of the algo wallet or not. With exodus, you hit a button and it performs a 0 transaction which is a 0.001 fee to get your staked rewards.

[Anonymous No.21639478]

>>21639250
Technology wise it's bounds and leaps beyond most crypto, supply wise it's inflated so stable price for usage will end up between $1-$3

[Anonymous No.21639659]

Can someone explain how the fuck this project isn't just the devs and their buddy's dumping? Only "private few" get access to giant node rewards. Supply going to 10 billion in 5 years. 2 billion added every year.
Seems like your staking rewards will get buried by inflation. Devs already burned their ico buyers by dumping at 2.50.
Also they have the dumbest fucking name ever. Someone change my mind. Seems like a boomer scam wrapped in technical jargon and a fast centralized blockchain. Worse that ripple

[Anonymous No.21639759]

>>21639659
The name is fucking terrible

[Anonymous No.21639772]

>>21639659
Looks like a large majority of tokens will be "online" for the blockchain... Which means they are not circulating. Seems around 2 billion at most circulation wise even at max supply. Just going based on their algorand foundation paper releases and doing basic math.

[Anonymous No.21639832]

>>21639772
Yes i know they are "online" and they won't sell. But look deeper. These huge % of coins get all the staking rewards which are 100% or higher api
I'm not trying to shit on the party. I almost fomoed and thank God I looked into the tokenomics

[Anonymous No.21639839]

>2017+3
>people are still falling for ethereum killers

[Anonymous No.21639904]

>>21639659
If this is a scam they're all going to go to jail and Silvio will destroy his entire reputation. They're all based in Boston.

[Anonymous No.21639942]

>>21639839
denial is the first stage

[Anonymous No.21639949]

>>21639832
Still, it looks like even if you get in now, you'll see a 2x minimum long-term... Seems like a safe investment. Definitely not a 20x like other shit coins, but those are much higher risk / return. Algo just seems like a regular safe play which I'm sure some people wouldn't mind. I haven't invested yet, still deciding.

[Anonymous No.21639963]

>>21638604
I'm new to staking, can you explain what the limitations are with this? I assume coins being used for staking can't be used for trading for a set amount of time? One guide said staking uses less energy than mining, but what exactly is my PC doing during the staking? I had originally assumed it would be delegated to someone else and I'd take a cut.

[Anonymous No.21639965]

>>21639942
yes I'm sure ethereum killer #56463 with zero users is the one

[Anonymous No.21640281]

>>21639965
Defi is too big for ethereum, the gas fees are killing retail. Ethereum is myspace, Algo is facebook

[Anonymous No.21640424]

>>21635474
cool fakefolio bro.

[Anonymous No.21640443]

>>21640281
your scam doesn't even an equivalent of metamask - I just looked.
It's literally impossible to make a dapp on algorand at the moment. Are users supposed to paste their seed phrase into random pages?
It's not surprising, because it was never intended to actually do anything, it's just sophisticated PnD.

Look at the site https://www.algorand.com/
what do you actually see? because what I see marketing to investors
not to potential users, not to potential developers. The purpose of everything written there is to entice people to buy ALGO.
Of course they have a developer section - it needs to pretend it's supposed to be useful, but nothing more than that.

[Anonymous No.21640480]

>>21640281
Based... The reason I'm looking at alts to eth. Everyone thinking eth2.0 solves everything when the reality is, it still has years to release the full update phases. People think phase one will automatically fix everything are unironically retarded. Interesting to see what happens to ADA, IOTA, and now ALGO.

[Anonymous No.21640514]

>>21639963
you send to a wallet and it stakes automatically. no hardware working in the background.. simple

[Anonymous No.21640556]

100k make it stack

10k suicide

[Anonymous No.21640599]

>>21640514
So I assume you guys are planning on holding Algo for the long term which is why you guys are talking about staking? The returns look pretty decent on that calculator that was linked.

[Anonymous No.21640617]

>>21640480
Cardano isn't even more scalable than current ethereum

[Anonymous No.21640690]

>>21640599
yes, the game theory on all PoS projects is to stake early and hold for at least 12 months. There is no lockup period with Algorand, so you can exit whenever you need your money back.

[Anonymous No.21640739]

>>21640690
Thanks for the responses

[Anonymous No.21640765]

>>21639904
Lol rich people with connections don't go to jail. Plus its not even illegal just your gonna get dumped on
>>21640443
Lol truth
>>21640599
Your small 5 percent return will get btfo by the devs. 100% return on 2 billion size stacks. Compared to your 5k or whatever stack

[Anonymous No.21640767]

>>21629263
dgaf. Flare will dwars all the others before EOY

[Anonymous No.21640796]

>>21629263
And Algorand's oracle is Parsiq.
It's like link all over again

[Anonymous No.21640896]

>>21629263
What does algorand do? Shill me

[Anonymous No.21640936]

>>21640765
>inb4 the XLM style token burn
The devs are not going to fuck over their holders. Algorand is hosting the world's first CBDC, the project is not a scam.

[Anonymous No.21641007]

>>21640424
It’s not fake though, since when is /biz/ full of poors?

[Anonymous No.21641034]

>>21640424
lol whats fake about it? i take it anything over 1000 dollars is a lot of money to you. you're not old enough to be here kiddo

[Anonymous No.21641178]

also, a little tip for any poorfags. 2,400 ALGOs is all you need to roughly produce 1 algo per day. I feel like that's a decent starting point for somebody trying to make it with limited resources. thats all im gonna say, you get one for free today newfags. thank me later

[Anonymous No.21641219]

>>21640936
They already did fuck them over. They dumped huge after ico
Link me the CBDC. All I could find is some retards on YouTube saying "we could build it"

[Anonymous No.21641255]

>>21641219
you need better FUD

[Anonymous No.21641344]

>>21641219
The dutch auction as price discovery in a bear market was a bad idea, but not a scam. I kept away from ALGO until it found a bottom like most smart people should.

Here is the CBDC
https://www.youtube.com/watch?v=QodhtEVor7Q&t=

[Anonymous No.21641349]

>>21640281
Best analogy ever.

[Anonymous No.21641630]

>>21641007
Uh sir... Why are you not staking that stack???? You're giving coinbase your free money... Move it to the algorand wallet or something else that supports algo staking wtf

[Anonymous No.21642039]

>>21641630
Thanks for reminding me, I’ll figure out the staking thing this weekend

[Anonymous No.21642278]

>>21633471
>wait a year for a potential 5 dollars

kek that’s horrible.

[Anonymous No.21642279]

>>21642039
do it now faggot takes you like 3 minutes you are literally missing out on money every 20 seconds

[Anonymous No.21642343]

>7 trillion tokens
>thinks it will ever go above a dollar

kek..what’s up with you fags?

[Anonymous No.21642433]

>>21639659
>>21639759
how is this name dumb?
ALGORAND
>ALG = ALGorithm
>OR = ||
>AND = &&
I wouldn't expect a liberal studies art major to understand it.

[Anonymous No.21642606]

>>21631161
rich motherfuckers i have 226

[Anonymous No.21642740]

>>21642606
>three billion coins

you arnt missing out it won’t go over a dollar

[Anonymous No.21642831]

>>21640443
>your scam doesn't even an equivalent of metamask - I just looked.
>your scam doesn't have some annoying 3rd party iframe that I have to connect with and pay a variable amount of gas fees on a network congested by yams and shrimp.

[Anonymous No.21642866]

>>21642278
Not a big reward because its not a big risk but you can still make a stack for a good 5 figures benefice just by waiting one year

[Anonymous No.21642896]

>>21640443
>go to algorand.com
>all I see is marketing to investors
that's because you didn't go to the developer website, you absolute mush brain.
https://developer.algorand.org/

[Anonymous No.21642947]

>>21642740
This. The project looks great but this thing is killing it.

[Anonymous No.21642974]

>>21642896
there's nothing like that there
also you just claimed it's an advantage there isn't >>21642831 get your narrative straight
without "annoying 3rd party iframe" there's no way for users to keep their keys safe, short of maybe connecting through nano, but that's a very limited interface

[Anonymous No.21642987]

>>21642866
with 3 billion tokens it would only hit 5 in a golden bull run where btc hits 100k and then also hitting 5 still isn’t guaranteed. it’s probably stablecoin around 30c long term. sort of like xrp

[Anonymous No.21643038]

>>21633471
45 cents optimistic. 60 cents if massive bullrun. rank 30 tops.

[Anonymous No.21643040]

>>21642987
you're forgetting only like 800m is circulating. over the next few years supply will more than 10x

[Anonymous No.21643083]

>>21642974
1. you must have at least room temp IQ to post in this thread
2. you actually are bringing in "nano" to support your argument?
you don't have any sense so you won't make any cents.

[Anonymous No.21643117]

>>21643083
>2. you actually are bringing in "nano" to support your argument?
lmao you thought I meant the cryptocurrency? absolute brainlet

[Anonymous No.21643151]

>>21633937
>Meanwhile, algo has all of this built into LAYER FUCKING ONE
which is why this garbage blockchain is only 33% byzantine resistant. jesus fuck you guys need to learn more about this tech.

[Anonymous No.21643280]

>>21629263
Should I dump my oxt for more algo? Have 600 of each.

[morocco1 No.21643306]

DeFinition.network presale sold out in 29 sec, and its subscription round overfund 18 times. Really hot project!

[Anonymous No.21643322]

>>21643151
you seem smart. what should i buy lad. pls

[Anonymous No.21643792]

>>21643040
Anon, they're releasing more tokens to circulation. DYOR

[Anonymous No.21643800]

>>21643117
>pedantic but hasn't actually clarified what he meant (even though by deduction he's MAYBE referring to a Ledger)
you're sperging too hard.

[Anonymous No.21643868]

>>21643151
mETHeads and Cuckaranos on suicide watch.

[Anonymous No.21644024]

>>21643306
literally no value

[Anonymous No.21644396]

>>21643868
thoughts on xtz, based anon?

[Anonymous No.21644610]

>>21629263
QQQF is a tokenized index that tracks crypto and defi.

https://www.standardcryptofund.com/

https://www.standardcryptofund.com/

[Anonymous No.21644725]

>>21644396
don't know too much about it, but I think the devs are smart. although I will leave this:
>In 2017, the Tezos Foundation, a Switzerland based non-profit, raised $232 million in a fundraiser and became one of the biggest ICOs of the 2017 cryptocurrency boom.[2]
>The Tezos Foundation faced a management controversy about the use of raised funds by foundation president Johann Gevers. Johann Gevers resigned on February 22, 2018.[14][15] The current Tezos Foundation Council has five members: Ryan Jesperson (President), Michel Mauny, Marylène Micheloud, Lars Haussmann, and Hubertus Thonhauser.[16] Ryan Lackey was appointed in July 2019 as the 6th member of the Council.[17]
I don't see it having as much of a (lasting) impact as ALGO, desu.

[Anonymous No.21644727]

Waiting to buy some Algo, just wanna see a slight dip downwards first to grab as cheaper. Gonna be staking these

[Anonymous No.21645178]

>>21644725
word. yeah makes sense. thanks brother

[Anonymous No.21645525]

>>21641630
You earn a percentage of your stack a day, you need to get that ALGO over to the wallet yesterday

[Anonymous No.21645736]

>>21645178
>Johann Gevers
np. btw when you buy into Tezos, you inadvertently support this man. a disgraced, onions eating Dutch cuck who wants so hard to be Swiss.

[Anonymous No.21645973]

How the fuck do I stake on Binance?
It tells me to deposit but I already have some in my spot wallet?
Will I just get rewards at the end of each month?

[Anonymous No.21646206]

>>21645973
just download the official wallet. way better.

[Anonymous No.21646304]

>>21645736
>unironically calling yourself a visionary thought leader

[Anonymous No.21646320]

>>21645973
https://wallet.myalgo.com/
Use this.

[Anonymous No.21646326]

>>21646206
It's a hassle and I do want to be able to sell it whenever I want. Hate moving coins around. Which is why I'm asking about Binance staking..

[Anonymous No.21646486]

>>21646326
lol. ALGO is fast as fuck. you can send it to an exchange whenever you want.

[Anonymous No.21646570]

>>21646486
Yeah but I don't want to, I want to keep it on Binance.
Guess I'll see at the end of the month. If I'm not getting rewards maybe I'll send it to the wallet.

[Anonymous No.21646582]

>>21644725
XTZ was my first real purchase last year right before they announced staking. After that I put a little into it each week and stopped roughly around when it hit 2.50. I'll always have fond memories of it, but I've figured way around crypto a little more since then. I like to think ALGO can finish what Tezos started.

[Anonymous No.21646694]

>>21646570
>Monthly ALGO Staking Airdrop Program Starting from July 27, 2019, Binance will begin taking live snapshots of user ALGO balances at 00:00 AM UTC. ALGO Staking distribution will be calculated as follows: ALGO generated by each user = Total ALGO staking rewards received by Binance * User holdings ratio. User ALGO holdings ratio = User ALGO holdings / Total ALGO staked by Binance. Users must hold at least 2 ALGO in order to qualify for staking rewards. The initial distribution of ALGO staking rewards will be calculated up until September 1st, 2019, with the total amount distributed equal to the staking rewards accrued on holdings during the period. ALGO rewards are calculated daily and distributed monthly. Distributions will be completed before the 5th of each month. 220,000 ALGO (~$135,000 USD) Initial Staking Reward Airdrop Binance discovered that we had previously been staking Algorand, receiving a total of approximately 220,000 ALGO (approximately $135,000 USD). Binance has decided to distribute these staking rewards to our users along with the first disbursement of the Algorand Staking Airdrop Program on September 1, 2019. The amount received will be calculated proportionally from the same daily snapshots for the Staking Airdrop. Users must hold at least 2 ALGO in order to qualify for the promotion.
trusting a Czink...

[Anonymous No.21647054]

>>21646694
Oh it was right there, thanks anon
If I see that the rewards I'm getting are substantially lower than the official staking calculator says I'll move them to a wallet

[Anonymous No.21647547]

>>21642433
holy fuck the name is even worse than i thought

[Anonymous No.21648126]

>>21642433
>>21647547
You can’t expect an IT major come up with a good name

[Anonymous No.21648176]

>>21648126
They actually have somewhere on the site I think about the name origin. Algo obviously is algorithm... Rand was something specific. I'm down with the name... Much better than most.

[Anonymous No.21648240]

>>21648176
You’re not a product developer, I take it.