Algorand (ALGO) is a decentralised and scalable open source blockchain project that aims to offer high security standards and high transaction speeds while keeping costs low. Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology, founded Algorand due to the slow transaction times of Bitcoin and other blockchains. The Algorand network was launched in June 2019 and has been able to process nearly 1 million transactions per day since December 2020. The cryptocurrency uses a consensus mechanism called Pure Proof-of-Stake and aims to operate the first blockchain with a negative CO2 footprint. Algorand is thus one of the most environmentally friendly crypto infrastructures. The native token ALGO can be used to pay for transaction fees, DApp computing services, and as an investment within the Algorand network. Trade Algorand (ALGO) or other cryptocurrencies with BISON – simple, smart, and reliable.
Trading: Buy, Sell & Savings Plan
Trading: You can buy and sell ALGO at the current price. Additionally, limit and stop orders are available to you.
Savings Plan: Yes, this coin is available for setting up an automatic crypto savings plan.
Transactions: Deposit and Withdrawal
Deposit: Yes
Withdrawal: Yes
Please only use the wallet addresses currently displayed on BISON. You can find these under "Account" ➞ "Deposit" ➞ "Deposit Cryptocurrencies" or “Account” ➞ "Withdraw" ➞ "Withdraw Cryptocurrencies". Here you can select the desired cryptocurrency and display the respective wallet address for your transaction.
Important Details: All important information regarding the supported network, the correct address format, and the respective minimum amounts for ALGO can be found in our central overview: Which address formats are supported for each cryptocurrency at BISON?