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ALGO has been launched on FAMEEX on October 20, 2020 (SGT). Deposits will be available from 16:00, October 20. Withdrawals will be available from 18:00, October 20. ALGO/USDT and ALGO/BTC trading will be available from 18:00, October 20.
Algorand is a blockchain project led by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), Gödel Prize winner, and Turing Award winner. The project successfully raised a $4 million seed round of financing, with investors including well-known venture capital Pillar and Union Square Ventures.
Algorand did not introduce incentive mechanisms or issue digital cryptocurrencies. The project itself has a broad market space. It improves the efficiency of the blockchain and expands the application prospects of the blockchain through technological innovations such as the BA* consensus mechanism and cryptographic draws. Silicon Valley enjoys a high reputation.
October 20, 2020