WhatisAlgorand(ALGO)?
Algorandisanewproof-of-stakeblockchainwithanativecryptocurrency(ALGO)thatoffersitsuserstheabilitytocreatetokensandlaunchdecentralizedapplications.
CreatedbySilvioMicali,aprofessoratMITandTuringAwardwinner,Algoranddifferentiatesitselfwithadesignthatlowersbarrierstoentryforuserstoparticipateinitsoperation.
Byowning1ALGO,usersareabletoparticipateinfunctionsessentialtoAlgorand’soperation,includingvalidatingtransactionsandaddingnewblockstoitsblockchain.Algorandprovidesuserswithatleast1ALGO(inawallettheycontrol),ashareofthecryptocurrencyitcreatesprogrammaticallyeachtimeablockisaddedtoitsblockchain.Note:Forthetimebeing,youwillnotreceivetheserewardsfortheALGOyoukeepdirectlyonKraken.Algorand’stechnologyrandomlydesignatesblockproducers,asopposedtohavinguserscompetefortheopportunitytoposttransactions.Thisdesignisintendedto?minimizethelikelihooditsblockchainwillsplitorfork.Notableinvestors(includingUnionSquareVentures)havealreadypurchasedALGOtokensinadvancedsalesdesignedtospurprojectdevelopment.TheAlgorandblockchainofficiallywentliveinJune2019.Projectwebsite:https://www.algorand.com/Whattimewillfundingandtradingstart?
Funding:KrakenwillenabledepositsandwithdrawalsforALGOatapproximately14:30UTConJanuary22Trading:Thefirsttradeswillstartshortlyafterfundingisenabledassellorderscannotbeplaceduntildepositsclear(seetherequiredconfirmationtimesfordepositshere).Theinitialtradingminimumwillbe50ALGO.Updateswillbepostedonthestatuspagenearlaunchtime.TradingPairs
ALGO/USDALGO/EURALGO/XBTALGO/ETHHowtodeposit
NavigatetoFunding>Tick“Showallassets”orSearchforAlgorand(ALGO)>ClickDepositnexttoAlgorand(ALGO),thengenerateadepositaddressandsendALGOtothisaddressConfirmationsrequiredbeforedepositscredit
10
Fineprintandfees
Deposit/WithdrawalMinimum:0.01ALGODeposit/WithdrawalFee:0.01ALGOTradingMinimum:50ALGOALGOstats
PriceHistory
ICO:$0.10(June2019)Current(forwardtraded):$0.24(January2020)CirculatingSupply
Total:10billionALGOInflation:Algorandmaintainsablockexplorerthatkeepsofficialcountofitscirculatingsupply.ThefoundationexpectsallALGOtobedistributedwithinfiveyearsoflaunch.WhichserviceswillALGObeavailablefor?
Available
KrakenKrakenProOTCNot(yet)available
KrakenFuturesMarginTradingWillKrakenlistmoreassets?
Yes!Butourpolicyistoneverrevealanydetailsuntilshortlybeforelaunch–notevenaboutwhichassetsweareconsidering.Ourclientengagementspecialistscannotansweranyquestionsaboutwhichassetswemaybelistinginthefuture.
Tradewithcaution
Limitordersarerecommendedwhentradingstartssincethemarketsmaybeilliquidinitially.Beextremelycarefulwithmarketordersandordersthattriggermarketorders(e.g.stoploss).
Investwithcaution
Listinganassetortokenfortradeisnotarecommendationtobuy,sell,orparticipateintheassociatednetwork.Doyourownresearch,andinvestatyourownrisk.
DownloadtheKrakenProappfromtheAppStoreorGooglePlay:
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