Algorand

Algorand is the native token of the Algorand blockchain, a proof-of-stake Layer 1 built for fast, low-cost payments and on-chain applications. ALGO is used to pay transaction fees, participate in governance, and help secure consensus through participation nodes. With a fixed maximum supply of 10 billion tokens, ALGO underpins payments, DeFi, tokenized assets, and other applications across the Algorand ecosystem.