In a World where banks rule and create money out of thin air through fractional reserve banking, how will crypto currency play a role? What incentive do these banks have to get rid of the fiat system? I see a list of crypto currencies that will be pushed through the ISO 20022.
4.1 Billion ALGO out of 6.95 Billion ALGO circulating supply have been committed to Algorand Governance Period 4. If you missed out, don't worry! Algorand Governance runs until 2030 and the next governance period starts October 1st! Cheers to all the ALGovernors! I go, You go, We ALGO.
We will but I hope you understand what the fuck is happening in the world and why people don't buy crypto, have you seen how much bullshit there is outside your house? VLX and ALGO all time lows but people dont have money to buy, most people need to spend half their salary on rent Crypto is not an inflation hedge, that will forever be the stupidest thing i have ever heard
The whole market is kinda recovering, you can see it just in volumes and prices, heck VLX and ALGO rand up the ass for the past few days, BTC had a nice hit as well, ETH idk anymore It is slow but it is there nonetheless
Re-posted as this link mentions Algorand and blockchain. I bought one pack of 3 collectibles, $4.99USD. Can pay with credit card ($0.50 fee) or USDC-A using the Pera wallet, the latter I did not try. Very cool animation when you open the cards, and the cards themselves are video clips of “iconic” FIFA moments. Mine were “common” so they were of random goals and saves I had never heard of before. Tempting to buy more just to get a rare or epic. My understanding is that they will have a secondary marketplace to trade the collectibles, and I think you’ll be able to withdraw to the Pera wallet. Overall, signup was super easy, quick payment with credit card, quick and easy purchase and opening of the collectibles, very neat design and animations, for what I think is a decent price, all built on algorand. I think if this is marketed more, non-crypto people will buy in and not even know it’s built on crypto which will just help establish the tech, or it may even get more people into ALGO and therefore crypto in general.
I bought one pack of 3 collectibles, $4.99USD. Can pay with credit card ($0.50 fee) or USDC-A using the Pera wallet, the latter I did not try. Very cool animation when you open the cards, and the cards themselves are video clips of “iconic” FIFA moments. Mine were “common” so they were of random goals and saves I had never heard of before. Tempting to buy more just to get a rare or epic. My understanding is that they will have a secondary marketplace to trade the collectibles, and I think you’ll be able to withdraw to the Pera wallet. Overall, signup was super easy, quick payment with credit card, quick and easy purchase and opening of the collectibles, very neat design and animations, for what I think is a decent price, all built on algorand. I think if this is marketed more, non-crypto people will buy in and not even know it’s built on crypto which will just help establish the tech, or it may even get more people into ALGO and therefore crypto in general.
So...will the FIFA Genesis NFT's be a boom or a bust? All I know is, I bought enough packs that I have all but three...and of course not the two rare ones. Maybe if ALGO goes up enough I can afford to try again. And these packs didn't even come with bubble gum!
What is causing this ALGO pump? 4.21% What is causing this XRP pump? 4.12% What is causing this RSR(WTF is that) pump? 4% What is causing this CRV pump? 3.46% What is causing this LEP pump? 3.47% What is causing this HNT pump? 2.9% What is causing this LINK pump? 2.44% What is causing this SOL pump? 2.29% Kind of getting tired of seeing the SOL fanfare over 3% up.
I’m nearly done DCAing into ETH. I only got several more weeks to go assuming prices stay below 2K. After that, I’ll hit my goal. I already DCA into BTC. What coin should I target next. I like XRP a lot. I’ve also looked at ADA & ALGO. I want ATOM to get more utility on its coin, before I switch to that. I prefer to DCA Into Blockchain Operating Systems as opposed to Layer-2s, so I have an eye on QNT & FLUX. It’s also why I would consider starting with CTSI, if I were to consider Layer-2s. Any other recommendations?
I’m an ALGO guy but this is certainly a valid point. I mean, in reality the entire world should have boycotted this WC the second it was given to Qatar. Or at the very least when the reports of thousands of basically slaves started dying. But I’m also a lib typing this on my iPhone while I sit in front of my MacBook so…I’m already a colossal hypocrite lol.
Positive: I am not really buying into all the NFT craze and also not the biggest ALGO bull, but this looks really fun and I think a lot of people will do this. Strikes the same nerve as the Panini collections or the FUT gambling. People love opening packs. If this gets adopted well, the genesis drop will probably have some value (at least higher than the \~1.66$ you pay for each moment. Also great that they have a FIAT on-ramp. Fees are high and this will likely also limit the immediate price action effect on ALGO, but it lowers the entry barrier. Same goes for the UI that abstracts away all the blockchain stuff for beginners. Negative: Strong KYC requirements to access marketplace.
FXDX - token for the first decentralised exchange on the algorand blockchain that allows for leverage trading. The token is not yet released but will allow holders to receive a portion of the fees generated from the trading platform paid out in ALGO
I recommend looking at all ISO20022 compliant coins: XRP, XDC, XLM, HBAR, ALGO, QNT, IOTA. ISO20022 is the messaging standard for the next financial system. And it all starts in November 2022. Keep in mind Ripple (XRP) helped write the standard.
The thing with staking, and specifically on chain staking like ALGO, is that the real price is the opportunity cost of not staking. If there is a 8-10% return associated with less than a dozen clicks, then there's a cost associated with not doing that. In ALGO's case, you can even forego your rewards for a quarter if you really want or need access to your assets
> All I know is, I've been buying a lot of ALGO lately because of this subs sudden distaste for it What are you even talking about, this sub has had nothing but ALGO shill posts for like the last few weeks consistently... Like someone above posted: https://www.reddit.com/r/CryptoCurrency/comments/xej16y/ive_compiled_a_list_of_realworld_usage_of_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/CryptoCurrency/comments/xk8fge/algorand_deploys_state_proof_tech_as_part_of_most/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/CryptoCurrency/comments/x8y6ui/algorand_upgrade_boosts_speed_adds_trustless/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/CryptoCurrency/comments/xbblq2/algorand_fast_upgrade_could_be_a_gamechanger/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/CryptoCurrency/comments/x9ycx8/a_beginners_guide_to_the_algorand_ecosystem/?utm_source=share&utm_medium=ios_app&utm_name=iossmf I feel like some of you just create make believe persecution to make yourself feel better about your purchases. Its really not necessary. There's far more 'coordinated' support of ALGO on this sub than there is FUD, and its not even close.
Launch & Initial Token Distribution "Algorand completed its first Dutch auction in June 2019. The public auction sold 25 million ALGOs (0.25% of the initial supply) at $2.40 per token, raising a total of $60,402,220. United States citizens were not permitted to participate in the sale. Buyers have the right at any point during the first year of purchase to re-sell tokens back to the Foundation at 90% of the purchase price. Algorand initially planned to hold a series of these Dutch auctions to distribute a total of 3 billion ALGOs (30% of supply), but no further token sales have been announced. The end of the sale coincided with the Algorand’s mainnet launch, which created 10 billion ALGOs at genesis. A total of 2.5 billion ALGO tokens (25% of the initial supply) were granted to the founders and the Algorand Foundation to support continued protocol development. The rest of the ALGO will be distributed through rewards, grants, and auctions as detailed in the supply curve section."
He said "one of the most", not "the most". There's no evidence to suggest that OP doesn't think the same for Ethereum (i.e. he *could* also find Ethereum's initial tokenomics to be "egregious"; that wouldn't contradict what he said about Algorand however). Not to mention, OP goes into the role of governance that having ALGO gives you on Algorand. There's no governance on Ethereum that holding ETH would let you participate in.
Your timeframe is way off as far as Algo being one of the most shilled this year. ALGO was shilled massively a year, maybe two years ago, and there's been several posts in the last week. But for the 9 months of 2022, I don't think it's anywhere near the top of shilled coins.
[https://www.reddit.com/r/CryptoCurrency/comments/wlsbqn/algorand\_will\_upgrade\_in\_a\_month\_6x\_tps\_state/](https://www.reddit.com/r/CryptoCurrency/comments/wlsbqn/algorand_will_upgrade_in_a_month_6x_tps_state/) [https://www.reddit.com/r/CryptoCurrency/comments/xej16y/ive\_compiled\_a\_list\_of\_realworld\_usage\_of\_the/](https://www.reddit.com/r/CryptoCurrency/comments/xej16y/ive_compiled_a_list_of_realworld_usage_of_the/) [https://www.reddit.com/r/CryptoCurrency/comments/x56f3l/algorand\_v39\_major\_update\_details\_state\_proofs/](https://www.reddit.com/r/CryptoCurrency/comments/x56f3l/algorand_v39_major_update_details_state_proofs/) [https://www.reddit.com/r/CryptoCurrency/comments/wrpp5l/algorand\_leads\_quantumproof\_technology\_with/](https://www.reddit.com/r/CryptoCurrency/comments/wrpp5l/algorand_leads_quantumproof_technology_with/) [https://www.reddit.com/r/CryptoCurrency/comments/xkpncc/with\_the\_new\_upgrade\_algorand\_now\_has\_6\_the\_smart/](https://www.reddit.com/r/CryptoCurrency/comments/xkpncc/with_the_new_upgrade_algorand_now_has_6_the_smart/) [https://www.reddit.com/r/CryptoCurrency/comments/xk8fge/algorand\_deploys\_state\_proof\_tech\_as\_part\_of\_most/](https://www.reddit.com/r/CryptoCurrency/comments/xk8fge/algorand_deploys_state_proof_tech_as_part_of_most/) took me 5 minutes to find these. So say that you only seen ALGO FUD is a bit biased IMO
And still ALGO is the most shilled project of this sub, after LUNA oh wait, not Luna anymore. This perfectly shows the structure of r/cryptocurrency I found most of my project way before it was even mentioned here, eventhough they were an obvious good projects. I have a feeling sometimes that most people here are paid to shill and i wouldn't touch anything people recommend.