ALGO

E413707

ALGO is the native cryptocurrency of the Algorand blockchain, used for transaction fees, staking, and securing the network through its pure proof-of-stake consensus mechanism.

All labels observed (2)

Label Occurrences
ALGO canonical 4
microALGO 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf cryptocurrency
utility token
blockchainPlatform Algorand blockchain protocol
surface form: Algorand
consensusMechanism Algorand blockchain protocol
surface form: Pure Proof-of-Stake
consensusParticipants Algorand blockchain protocol
surface form: Algorand validators
consensusProperty permissionless participation
randomized validator selection
designedBy Algorand Inc.
ecosystem Algorand ecosystem
feeModel fixed minimum transaction fee
governanceRole voting power in Algorand governance
governanceType on-chain community governance
hasDecimalPlaces 6
isDivisible yes
isNativeTo Algorand blockchain protocol
surface form: Layer-1 Algorand protocol
isRequiredFor participating in Algorand consensus
participating in Algorand governance
paying Algorand transaction fees
isSecuredBy staked ALGO holders
isTradedOn cryptocurrency exchanges
isUsedBy DeFi protocols on Algorand
NFT marketplaces on Algorand
dApps on Algorand
isUsedFor incentivizing network security
rewarding participation in Algorand consensus
launchContext launched with Algorand mainnet
nativeTokenOf Algorand blockchain protocol
surface form: Algorand blockchain
network Algorand blockchain protocol
surface form: Algorand mainnet
networkType public blockchain network
roleInNetwork medium of exchange on Algorand
store of value on Algorand
unit of account on Algorand
securityModel stake-based security
securityRole staking asset for validator participation
standard Algorand Standard Asset compatible
supports ASA (Algorand Standard Asset) operations fees
atomic transfers fees
on-chain governance participation
smart contract execution fees
supportsFeature fast transaction finality
low transaction fees
symbol ALGO self-link
underlyingTechnology blockchain
unitName ALGO self-linksurface differs
surface form: microALGO
usedFor securing the Algorand network
staking on Algorand
transaction fees on Algorand

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

ALGO symbol ALGO self-link
ALGO unitName ALGO self-linksurface differs
this entity surface form: microALGO