/ALGO/ Algorand General #8 - Chad Kings

[Anonymous No.28702124]

>What is Algorand
Algorand is an open source permissionless public blockchain based on a pure proof-of- stake consensus protocol—the first of its kind to support the scale, open participation, and transaction finality for billions of users.
https://www.algorand.com/
https://community.algorand.org/blog/what-is-algorand-quick-guide-and-overview/
https://algorand.foundation/

>USDC stablecoin is powered by Algorand
https://medium.com/centre-blog/centre-consortium-announces-algorand-as-an-official-chain-for-usdc-launches-on-mainnet-fa664dec3a0b
USDC will allow people to easily move funds between traditional banks and card networks to digital dollars on the Algorand blockchain. Algorand brings unparalleled speed with low transaction fees needed to power stablecoins.

>VISA and MasterCard will support USDC in their crypto cards
https://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million/

>Silvio Micali, founder and developer of Algorand
Silvio Micali has been on the faculty at MIT, Electrical Engineering and Computer Science Department, since 1983. Silvio’s research interests are cryptography, zero knowledge, pseudorandom generation, secure protocols and blockchain.

>Proof of Stake (PoS)
ALGO uses PoS protocol so every single user gets free money for holding ALGO, be it 1 ALGO or 10k ALGO.

>Algorand use cases
https://www.algorand.com/what-we-do/use-cases
ISO20022 ecosystem

>Get the official wallet to get 8% APY, Coinbase only gives you 6%
https://www.algorand.com/wallet
https://wallet.myalgo.com/home

>ALGO staking calculator
https://algoexplorer.io/rewards-calculator

>Where to buy ALGO
Coinbase
Binance
Kraken
Bittrex

previous >>28690519

[Anonymous No.28702494]

>>28702124
I had all my money on AVAX, but after all the bugs, double spend, and network being offline for days I think Algo might be a good alternative. Shill me on Algo

[Anonymous No.28702622]

>>28702494
>might be
lol
if the OP doesnt shill it then... idk
staking is good, apy is good
get dem free algos
trade them for shit coins
trade shit coins back to algos post pump
etc

[Anonymous No.28702710]

>>28702494
No shilling. Just comfy staking gains.

[Anonymous No.28702800]

ive been thinking about buying this, is this a quick pump and dump project or long term hold?

[Anonymous No.28702883]

>>28702800
Long term. All the smart ALGOnauts using this as their savings account.

[Anonymous No.28703160]

>>28702883
>smart
>ALGOnauts
pick one.

[Anonymous No.28703225]

When to buy these? Now? In the march when it dumps?

[Anonymous No.28703248]

>ITS DUMPING SELL YOUR ALGOS NOW

[Anonymous No.28703493]

It's a home of stable coins. tether and USDC

[Anonymous No.28703622]

>>28702494
Algo and avax are excellent choices. Algo is the best proof of stake protocol, a ax is the best gossip protocol. I have 50% algo and 50% avax

[Anonymous No.28703870]

Algo plutonium hands. I dumped my GRT gainz into Algo. I'm hodling this shit whether it's 50 cents or 50 dollars.

My short term goal is hitting the coin per day threshold from staking. I'm a wagecuck right now without a ton of money, but enough to get there eventually.

So if this stays where it is, that's $45 free dollars a month. If it even goes to a piddly $5, that's $150. Extrapolate from there. Link, Comp, Litecoin, etc.

[Anonymous No.28703956]

that support makes me moist.

[Anonymous No.28704259]

>>28702124
>>28690519
>>28657433
the last OP fucked up and set general # back (was 8, he set it to 7) so now we're actually at #10

[Anonymous No.28704437]

>>28703956
It's such a healthy coin, I love it

[Anonymous No.28704577]

>>28702494
Why do I need to shill something that I passionately care about?

[Anonymous No.28704719]

I put a thousand dollars into this when it was at 1.7 now this shit keeps dumping

[Anonymous No.28704736]

>>28702494
Algorand is on the right, looking way better than the others.

[Anonymous No.28704896]

>>28704719
>bought the top

[Anonymous No.28704928]

>>28702494
It’s quantum resistant anon. So it’s future proof.

[Anonymous No.28705024]

>>28704719
You still make interest, average down slowly so you don't buy another top

[Anonymous No.28705169]

>>28704719

[Anonymous No.28705231]

>>28702124
STAY STRONG ALGOCHADS. SILVIO MICALI WILL LEAD US TO THE PROMISE LAND. ASK YOURSELF THIS, WHAT OTHER PROJECT IS LED BY A TURING AWARD RECIPIENT THADDY?

[Anonymous No.28705343]

Bought at 1.65 and have titanium diamond iron hands. If this ever approaches $1 I am doubling my stack and becoming a 10k+ algonaut.

[Anonymous No.28705633]

how much to make it
only 3150 so far here but want to accoom more

[Anonymous No.28705746]

>>28705633
Let me tell you this. I think you're close. Stop caring about make it/suicide stacks.

[Anonymous No.28705751]

>inb4 'but muh tokenomics' pajeet schizo

As I so eloquently showed a few threads ago tokenomics is made up nonsense and the fundamentals of this thing are rock solid thanks to what I'm dubbing "the dreidel factor™"

[Anonymous No.28705831]

>>28705746
sounds good fren

[Anonymous No.28705863]

>inb4 Bad News pajeet bot

[Anonymous No.28706289]

How would you compare ALGO to LINK? Are they competitors? Capable of coexisting?

[Anonymous No.28706313]

Never forget that Algorand is superior

[Anonymous No.28706930]

>>28706289
As I understand it, LINK is platform agnostic.