Review on Algorand by RODRIGO REIS
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
