Introducing the Algo

Algo is the native token of the Algorand blockchain. It powers a diverse range of applications across the Algorand ecosystem. Whether Algo holders are buying an NFT, providing liquidity in DeFi, or battling it out on a gaming platform, Algo tokens are essential. They also cover transaction fees, keeping everything running smoothly. 

Algo can be used to send and receive funds quickly and efficiently, purchase goods and services, participate in DeFi, become an Algorand Governor, and secure consensus among participation nodes.

Why Algo?

Peer-to-peer transfers
Algo can be sent directly from one account (wallet) to another—no intermediaries required.

Available to anyone, anywhere 
A bank account isn’t needed to hold or receive Algo, just a wallet address and internet connection.  

True ownership
Algo holders truly own their tokens, essentially acting as their own bank and in full control of their funds. 

A reconciliation of Algorand Foundation holdings is reported quarterly in the organization's Transparency Report.