$ALGO Algorand is a self-sustaining, decentralized network based on blockchain that supports a wide range of applications. These systems are secure, scalable, and efficient, all essential properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

The mainnet of Algorand was launched in June 2019 and, by December 2020, it was able to handle nearly 1 million transactions per day. Algorand's transaction metrics are available here. Algorand's initial coin offering (ICO) took place in June 2019, with a price of $0.24 per token.