Algorand（ALGO）代幣經濟學
Algorand（ALGO）代幣經濟學和價格數據分析
快速了解 Algorand（ALGO）的代幣經濟數據，包括市值、供應量、FDV 和歷史價格，幫助您輕鬆掌握幣種現狀與市場表現。
Algorand（ALGO）資訊
Algorand 是由麻省理工學院（MIT）教授、哥德爾獎（Gödel Prize）得主、圖靈獎（Turing Award）得主 Silvio Micali 領導開發的一個區塊鏈專案 。該專案成功募集到了一筆 400 萬美元的種子輪融資，投資方包括知名風投 Pillar 和 Union Square Ventures。 Algorand 沒有引入激勵機制或發行數字加密貨幣，專案本身具有廣闊的市場空間，它通過 BA*的共識機制和密碼抽籤等技術創新，提高區塊鏈的效率，拓展了區塊鏈的應用前景，在矽谷享有極高的聲譽。
Algorand（ALGO）深度代幣結構解析
深入了解 ALGO 的代幣發行、分配與解鎖機制。本部分涵蓋代幣用途、激勵模式和解鎖計劃。
Overview
Algorand’s native token, ALGO, is central to the protocol’s operation, governance, and incentive structure. The token economics are designed to support decentralization, incentivize network participation, and ensure a fair and transparent distribution over time. Below is a comprehensive breakdown of ALGO’s issuance, allocation, usage, incentive, locking, and unlocking mechanisms, with detailed tables and explanations.
Issuance Mechanism
- Maximum Supply: 10 billion ALGO (fixed, non-inflationary).
- Initial Distribution: At genesis, a portion was unlocked at the Token Generation Event (TGE), with the remainder subject to various vesting schedules.
- Issuance Model: No ongoing inflation; all tokens were pre-minted at launch and distributed according to the vesting schedules below.
Allocation Mechanism
| Allocation Category | Unlock at TGE | Vesting Schedule / Details |
|---|---|---|
| Public Sale | 100% | Fully unlocked at TGE |
| Team, Foundation, Investors | 100% | Fully unlocked at TGE |
| Participation Rewards | 0.91% | 99.09% linearly vested monthly over 9 years |
| End User Grant | 1.73% | 98.27% linearly vested monthly over 57 months |
| Node Running Mining | 4.17% | 95.83% linearly vested daily over 2 years |
Key Points:
- Public Sale & Team/Investors: Immediate liquidity at launch.
- Participation Rewards: Designed to incentivize network participation over a long period.
- End User Grants: Support ecosystem growth and user adoption.
- Node Running Mining: Rewards for node operators, distributed over two years.
Usage and Incentive Mechanism
Primary Uses of ALGO
- Transaction Fees: ALGO is required to pay for all on-chain transactions (minimum fee: 0.001 ALGO).
- Consensus Participation: ALGO is used in Algorand’s Pure Proof-of-Stake (PPoS) consensus, where holders can participate in block validation.
- Governance: ALGO holders can commit tokens to governance for three-month cycles, gaining voting rights on protocol proposals and earning rewards.
- DeFi and DApps: ALGO is used as collateral, for liquidity provision, and in various decentralized applications within the Algorand ecosystem.
Incentive Mechanisms
- Governance Rewards: ALGO holders who commit tokens to governance and participate in voting receive rewards, sourced from a dedicated pool (~1.75 billion ALGO, or 17.5% of supply). APYs have ranged from 10.02% to 14.05% in recent cycles.
- Staking/Block Rewards: As of late 2024, real-time block rewards are paid to validators proposing blocks, with no slashing or lockups.
- Past Participation Rewards: Previously, simply holding ALGO in a non-custodial wallet earned rewards, but this was replaced by the governance model in 2022.
- Liquidity Mining (Historical): Programs like the Algofi partnership distributed ALGO to DeFi users, but these have since ended.
Locking and Unlocking Mechanisms
Locking
- Governance: ALGO committed to governance is “locked” for three months, but technically, tokens are not frozen; users must maintain a balance above the committed amount and cannot move the committed ALGO without losing eligibility for rewards.
- No Slashing: Algorand’s consensus and staking mechanisms do not penalize users by slashing their tokens.
- No Protocol-Level Lockups for Staking: Unlike many blockchains, Algorand does not require tokens to be locked for consensus participation.
Unlocking
- Vesting Schedules: Most allocations (except public sale and team/investors) are subject to linear vesting, as detailed in the table above.
- Governance Unlock: At the end of each three-month governance cycle, committed ALGO becomes freely available again.
- Historical Unlocks: The majority of ALGO supply has already been unlocked, with vesting for rewards and grants continuing through 2028.
Example Unlock Table
| Allocation Category | Start Date | Unlock Type | Amount per Period | Periods | Total Vesting Duration |
|---|---|---|---|---|---|
| End User Grant | 2019-06-16 | Monthly | 4,325,000 | 57 | 57 months |
| Node Running Mining | 2019-06-16 | Daily | 2,395,750,000 | 731 | 2 years |
| Participation Rewards | 2019-06-16 | Daily | 1,734,075,000 | 3,288 | 9 years |
| Team, Foundation, Investors | 2019-06-16 | Instant | 2,500,000,000 | 1 | Immediate |
| Public Sale | 2019-06-16 | Instant | 3,000,000,000 | 1 | Immediate |
Circulating and Locked Supply
- Current Circulating Supply (as of 2025): Over 8.4 billion ALGO.
- Unlock Progress: Over 99% of ALGO supply has been unlocked, with the remaining vesting scheduled to complete by 2028.
Additional Notes
- Top 10 Holders: The top 10 addresses hold ~21.5% of the total supply, with the largest being exchange and foundation-controlled wallets.
- No Superuser Privileges: There are no privileged accounts that can alter user balances or transactions.
Summary Table: Algorand Tokenomics
| Aspect | Details |
|---|---|
| Max Supply | 10,000,000,000 ALGO |
| Issuance | All tokens pre-minted at genesis, distributed via vesting and immediate unlocks |
| Allocation | Public Sale, Team/Investors, Participation Rewards, End User Grants, Node Mining |
| Usage | Transaction fees, consensus, governance, DeFi, DApps |
| Incentives | Governance rewards, block rewards, historical participation rewards, liquidity mining |
| Locking | Governance (3 months, soft lock), vesting for rewards/grants |
| Unlocking | Linear vesting (up to 9 years), governance unlocks after each cycle |
| Slashing | None |
| Current Circulating | ~8.4B ALGO (2025) |
| Unlock Completion | >99% unlocked, full unlock by 2028 |
Implications and Analysis
- Decentralization: The lack of slashing and minimal lockups lowers barriers to participation, supporting decentralization.
- Incentive Alignment: Governance rewards and real-time block rewards incentivize active participation and long-term holding.
- Transparency: Linear vesting and public unlock schedules provide predictability and reduce the risk of sudden supply shocks.
- Ecosystem Growth: Grants and rewards have historically supported ecosystem development, though most major liquidity mining programs have ended.
- Future Outlook: With most tokens unlocked and a mature governance system, Algorand’s tokenomics are now focused on sustainable incentives and ecosystem utility rather than aggressive distribution.
For further details, users can explore the Algorand Foundation’s official documentation and governance portal.
Algorand（ALGO）代幣經濟模型：關鍵指標與應用場景
了解 Algorand（ALGO）的代幣經濟模型，對於分析其長期價值、可持續性和發展潛力至關重要。
關鍵代幣經濟指標及其計算方式：
總供應量（Total Supply）：
已創建或將要創建的 ALGO 代幣的最大數量。
流通供應量（Circulating Supply）：
目前市場上可供交易和公眾持有的代幣數量。
最大供應量（Max Supply）：
ALGO 代幣可能存在的總數量上限。
完全稀釋估值（FDV）：
目前價格 × 最大供應量，預測所有代幣完全流通時的總市值。
通脹率（Inflation Rate）：
反映新代幣發行的速度，影響稀缺性及長期價格走勢。
為什麼這些代幣經濟指標對交易者很重要？
流通供應量高 = 流動性強。
最大供應量有限 + 低通脹率 = 具備長期價格上漲潛力。
代幣分配透明 = 增強項目信任度，降低中心化風險。
FDV 高而目前市值低 = 可能存在高估風險的訊號。
現在您已經了解了 ALGO 代幣經濟模型的功能，趕快查看 ALGO 代幣的實時價格吧！
如何購買 ALGO
想將 Algorand（ALGO）添加到您的投資組合中嗎？MEXC 提供多種購買 ALGO 的方式，包括信用卡、銀行轉帳和點對點交易。無論您是新手還是專業用戶，MEXC 都能讓您輕鬆、安全地購買加密貨幣。
Algorand（ALGO）價格歷史
分析 ALGO 的價格歷史有助於用戶了解過去的市場走勢、關鍵支撐/阻力位以及波動模式。無論是追蹤歷史最高價，還是識別趨勢，歷史數據都是價格預測和技術分析的重要組成部分。
為什麼選擇 MEXC？
MEXC 是全球領先的加密貨幣交易所，深受全球數百萬用戶信賴。無論您是新手還是資深交易者，MEXC 都是您進入加密世界的最便捷途徑。
購買 Algorand（ALGO）
數量
1 ALGO = 0.1605 USD
交易 Algorand（ALGO）
熱門
目前熱門備受市場關注的加密貨幣
最高成交量
按交易量計算交易量最大的加密貨幣
最新
最近上市、可供交易的加密貨幣