ALGO ecosystem

20 พ.ย. 2021

Algorand is formally a public blockchain but sharpened to corporate culture for commercial use. It is headed by MIT professor Silvio Micali. He is a good acquaintance of Harry Gensler (current head of the SEC).

There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their followers (Near, Solana, BSC, etc).

Ethereum will remain the main forge of new technological projects with open source and decentralization, while the commercial use of distributed registers will remain with Algorand.

ALGO operates an algorithm that releases additional ALGO into circulation whenever the MA-30 rises above its ATH. This artificially suppresses the price. It brings stability to ALGO, which is typically more attractive to forming large-scale partnerships but it discourages investors. Thankfully, this algorithm will no longer function beyond mid-2023.

Algorand has signed an agreement with the Government of El Salvador that the entire blockchain infrastructure of the country will be based on Algorand technology.
nasdaq.com/articles/as-el-salvador-delves-deeper-into-blockchain-give-algorand-a-closer-look-2021-11-02

The most popular wallet - MyAlgo:
wallet.myalgo.com/
The main DEX of the network is TinyMan:
app.tinyman.org/
Graphs of this dex can be viewed here:
tinychart.org/

The bulk of projects will launch by the end of 2021. The project tokens are scheduled for the 1st quarter of 2022. Therefore, you can use the testnets of Algodex, the Algofi landing protocol, leave an email for the presale of Folks landing protocol.
testnet.algodex.com/
test.algofi.org/
folks.finance/

In a week, the Algomint bridge will open. It will work for free for three months, and then it will issue governance tokens.
algomint.io/
The main dex Tinyman has not yet released its token (you know what to do for a drop). I'm sure there will be airdrops(retrodrop) because the main AMM attracted 20M investment. For what?
About the NFT segment - Opulous is good, but they already have their token.
opulous.org/



Best regards,
EXCAVO