ALG:Algorand (ALGO) Trading is Coming to Kraken on January 22_LuxeRacing

WhatisAlgorand(ALGO)?

Algorandisanewproof-of-stakeblockchainwithanativecryptocurrency(ALGO)thatoffersitsuserstheabilitytocreatetokensandlaunchdecentralizedapplications.

CreatedbySilvioMicali,aprofessoratMITandTuringAwardwinner,Algoranddifferentiatesitselfwithadesignthatlowersbarrierstoentryforuserstoparticipateinitsoperation.

Byowning1ALGO,usersareabletoparticipateinfunctionsessentialtoAlgorand’soperation,includingvalidatingtransactionsandaddingnewblockstoitsblockchain.Algorandprovidesuserswithatleast1ALGO(inawallettheycontrol),ashareofthecryptocurrencyitcreatesprogrammaticallyeachtimeablockisaddedtoitsblockchain.Note:Forthetimebeing,youwillnotreceivetheserewardsfortheALGOyoukeepdirectlyonKraken.Algorand’stechnologyrandomlydesignatesblockproducers,asopposedtohavinguserscompetefortheopportunitytoposttransactions.Thisdesignisintendedto?minimizethelikelihooditsblockchainwillsplitorfork.Notableinvestors(includingUnionSquareVentures)havealreadypurchasedALGOtokensinadvancedsalesdesignedtospurprojectdevelopment.TheAlgorandblockchainofficiallywentliveinJune2019.Projectwebsite:https://www.algorand.com/Whattimewillfundingandtradingstart?

Funding:KrakenwillenabledepositsandwithdrawalsforALGOatapproximately14:30UTConJanuary22Trading:Thefirsttradeswillstartshortlyafterfundingisenabledassellorderscannotbeplaceduntildepositsclear(seetherequiredconfirmationtimesfordepositshere).Theinitialtradingminimumwillbe50ALGO.Updateswillbepostedonthestatuspagenearlaunchtime.TradingPairs

ALGO/USDALGO/EURALGO/XBTALGO/ETHHowtodeposit

NavigatetoFunding>Tick“Showallassets”orSearchforAlgorand(ALGO)>ClickDepositnexttoAlgorand(ALGO),thengenerateadepositaddressandsendALGOtothisaddressConfirmationsrequiredbeforedepositscredit

10

Fineprintandfees

Deposit/WithdrawalMinimum:0.01ALGODeposit/WithdrawalFee:0.01ALGOTradingMinimum:50ALGOALGOstats

PriceHistory

ICO:$0.10(June2019)Current(forwardtraded):$0.24(January2020)CirculatingSupply

Total:10billionALGOInflation:Algorandmaintainsablockexplorerthatkeepsofficialcountofitscirculatingsupply.ThefoundationexpectsallALGOtobedistributedwithinfiveyearsoflaunch.WhichserviceswillALGObeavailablefor?

Available

KrakenKrakenProOTCNot(yet)available

KrakenFuturesMarginTradingWillKrakenlistmoreassets?

Yes!Butourpolicyistoneverrevealanydetailsuntilshortlybeforelaunch–notevenaboutwhichassetsweareconsidering.Ourclientengagementspecialistscannotansweranyquestionsaboutwhichassetswemaybelistinginthefuture.

Tradewithcaution

Limitordersarerecommendedwhentradingstartssincethemarketsmaybeilliquidinitially.Beextremelycarefulwithmarketordersandordersthattriggermarketorders(e.g.stoploss).

Investwithcaution

Listinganassetortokenfortradeisnotarecommendationtobuy,sell,orparticipateintheassociatednetwork.Doyourownresearch,andinvestatyourownrisk.

DownloadtheKrakenProappfromtheAppStoreorGooglePlay:

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