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222 Review
811 Karma

Review on Algorand by RODRIGO REIS

Revainrating 4 out of 5

Algorand craves a Borderless Economy!

Algorand is a scalable, secure, and decentralized platform for transactions. Algorand offers nice set of tools for developrsof decentralized applications (dApps) and DeFi solutions that can be built on the Algorand platform
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Algorand token(Algo) utilizes a Pure Proof of Stake. This token has been built to help create an open, borderless economy where everybody can participate.
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Pros
  • The project team is formed for expert scientists
  • The native token Algo can be used for buying and selling goods or services. The Algo can also be used to send money to anybody, instantly
  • The platform offers secure transfers and immediate transactions
  • You can have benefits by holding Algo tokens
  • Token Algo has a good trading volume diary
  • Token Algo is available to trade in a large number of exchanges
Cons
  • The token price is low
  • Token has had a major devaluation in recent months
  • Very competitive Market. Project similar to others

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