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r/algorand
76.4k members
The community controlled subreddit for the carbon-negative Algorand blockchain and cryptocurrency.
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r/AlgorandOfficial
70.8k members
Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Founded by Turing Award-winning cryptographer Silvio Micali. Algorand runs on a highly energy-efficient network and is carbon neutral. Get started with AlgoKit today -> https://developer.algorand.org/algokit/
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r/algorandASA
27.4k members
Welcome to r/algorandASA (Algorand Standard Assets). This sub is for the discussion and announcements of new ASA's. Many of these asset are purchasable via https://app.tinyman.org/ 'Airdrop' & 'Announcement' posts must include a link to the asset on Algoexplorer.io in the post for transparency
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r/CryptoCurrency
6.5m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/AlgoNFTMarketplace
13.4k members
This space is meant to discuss and learn about NFTs on Algorand! All deals are made at your own risk. No warranties or guarantees are made by Reddit or the moderators of this subreddit. Perform your own due diligence prior to making a trade. We recommend going through one of the marketplaces to help ensure a safe transaction. If you have a smooth transaction with someone PLEASE VOUCH FOR THEM in our Vouch Thread. Please have fun and be respectful!
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r/Algonauts
25.4k members
A hub for Algonauts to discuss, trade and collect NFTs and ASAs
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r/yieldly
12.3k members
Launched in June 2021, Yieldly is the first DeFi platform on the Algorand Blockchain. Website: https://yieldly.finance/ https://t.me/yieldly https://twitter.com/YieldlyFinance
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r/NyanAlgorand
232 members
Welcome to r/NyanAlgorand
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r/algorandFAME
127 members
ALGO FAM TOKEN is the Official token airdropped to the PIONEERS of the Algorand community on the 2nd of march 2021 $FAME promotes friendship, knowledge, charities and all forms of arts. First ETHICAL CRYPTO ever. Twitter➡️ @algorandFAME
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r/ExodusWallet
29.9k members
Welcome to r/ExodusWallet! This is the sub dedicated to the discussion of the Exodus cryptocurrency wallet. For official wallet support, please email support@exodus.com. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Remember: Exodus will NEVER ask you for your 12-word phrase, keys, or identifying information. Exodus will NEVER send you to another website to do any kind of updates except for our official website at www.exodus.com.
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r/AkitaInuASA
11.5k members
ALGO's best friend 💎🐶 Akita Inu (AKTA) - The Ultimate Community Coin on Algorand ASA ID# 523683256 Akita Kennel Club (AKC) - A stunning collection of 1,000 unique NFTs
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r/WeAlgoTogether
2.3k members
This village has been created on fundamental good values to build momentum; increasing awareness of Algorand. We will hodl together... Algorand price is unimportant, here the focus is on wholesome values, building a helpful ethical community; as we will be governors of the future... Algonauts unite!
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r/Tinyman
6.4k members
Tinyman is a next-generation Decentralized AMM protocol on the Algorand blockchain. https://app.tinyman.org
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r/algorandcasino
2.1k members
Bringing classic casino gaming to the Algorand ecosystem! Stake your Chips to become the house or provide liquidity to our chip/algo pool on Tinyman and recieve an automatic faucet drop! Find out about our verified asset, Chips (asa id:388592191) Links to our website/socials in the sidebar and top menu!
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r/HEADLINECrypto
3.4k members
HEADLINE Crypto is a Texas-based blockchain project and token from the team behind Silo, HDX, XBallot, PIPELINE-UI, and Algo Astros.
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r/NFTsMarketplace
285k members
A place where you can buy, sell, promote, and learn more about NFTs! Share your work, tell your story, but most importantly, interact with others, it's the only way to find people that truly connect with your work.
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r/GreeneryCommunity
650 members
Welcome to the Greenery. We are a community of researchers and investors on a mission to establish an innovative marketing brand and help promote the Algorand Ecosystem. We conduct AMA with project owners, as well as interactive education sessions (Greenery Hour) daily on Telegram group Voice Chat.
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r/CryptoCurrencies
380k members
We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
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r/CryptoMarkets
1.5m members
r/CryptoMarkets is participating in the Reddit blackout to protest the planned API changes https://techcrunch.com/2023/06/05/multiple-subreddits-and-moderators-are-now-protesting-reddits-api-changes/
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r/StonksALGORAND
116 members
Stonks is an algorand based project , for meme based NFTs.
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r/CoinBase
232k members
Welcome to r/Coinbase!
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r/PeraWallet
1.9k members
Official community for Pera Wallet: The best wallet on Algorand.
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r/AlgorandGovernors
76 members
A community for Algorand Governors to discuss Algorand. For wanna be governors also ;-)
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r/cosmicchamps
965 members
Cosmic Champs is building the first 3d P2E NFT mobile game on the Algorand blockchain
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r/kittencoin_ASA
13.5k members
KittenCoin ($KTNC ASA: 361671874) https://www.kittencoin-asa.net/
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r/AlgorandArgentina
27 members
Subreddit NO oficinal desde Argentina, del ecosistema global dinámico, inclusivo y sin fronteras, a escala, basado en la tecnología blockchain de Algorand. ⭐⭐⭐
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r/algofi
4.0k members
DeFi that scales. Built on Algorand. YC S21. Earn interest, borrow, and trade your crypto.
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r/cardano
689k members
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
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r/ledgerwallet
105k members
Discussions about Ledger's products. Visit us @ ledger.com
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r/ethtrader
2.3m members
Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.
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Posted by18 days ago

Many of us invested in Algorand. I also bought some. In 2020/2021, the entire subreddit was insanely bullish on Algorand. It was also mentioned all over social media and on many news websites.


https://i.redd.it/h511mvvspn4b1.png

But to say that Algorand has been a terrible performer would be an understatement. Some facts:

  • Algo is almost 96% down from the November 2021 high

  • Algo is down over 96% from all time high June 2019

  • Algo is down about 99% against Bitcoin since June 2019 and keeps making new lows

  • Algo is down 97% against Ethereum since January 2020 and keeps making new lows

  • Algo is the second worst performing top 50 altcoin in the past 90 days. Bitcoin is up 28.5%, while Algo is down 34.2%.

So what can we learn from this to ensure that we do not repeat the same mistakes?


I'll share mine and then am looking forward to yours.

  1. I will never again buy a cryptocurrency with poor tokenomics. Algo had over 500% inflation in 2021 while the staking rewards were nowhere near that. That is SO MUCH extra selling pressure. I now refuse to buy a project where staking does not cover inflation.

  2. I will avoid cryptocurrencies that go for expensive yet meaningless partnerships. Algo got a Fifa World Cup partnership that was worth nothing. FTX and CDC did something similar by getting naming rights on stadiums (Miami Heat Basketball Team, Staples Center). This is paid for with users' money. So essentially current investors are the cash cow to draw in more idiots.

  3. I will avoid projects that are heavily shilled here. Algo, LRC, ONE, LUNA, CRO, VET, CKB, Neo, and the list goes on. The inverse r/CryptoCurrency graveyard is heavily populated.* Quite a lot of this shilling was not natural.

*... but now everyone is bearish on Algo. What if it inverses to the bull side? 😂

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Posted by16 days ago

Algorand just took another fall off the cliff with the rest of the crypto market, and broke it's all time low. The prior All Time Low was, $.1029 which occured during the March 13th 2020 Covid Crypto Crash.

https://finance.yahoo.com/quote/ALGO-USD/history?period1=1580515200&period2=1588809600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

In March 2020, the Algorand Circulating Supply was around ~700M. With a current circulating supply of over 7.2B, the supply has increased over 10X as the price has currently reached a new All Time Low. As every holder in Algorand is now at a loss.

Anyone thinking that Algorand has another 20x bull market up it's sleeve, should know a crypto with a supply that has increased over 10X is going to be harder to make big moves up. As the increase in supply will make it more difficult to have upwards momentum during a bull market.

https://i.redd.it/4hjgr3m1e45b1.png

Taking a look at what other crypto assets were doing on the March 13th 2020 Covid Crypto Crash.

BTC dropped to a low around: ~$4k

ETH dropped to a low around: ~$97

ADA dropped to a low around: ~$.02

Algo was at a low of around ~$.102

-------------------------------------------

https://i.redd.it/h1gzliqjf45b1.png

Algorand now has a new low of ~$.0958 as all Algo holders are now underwater.

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Posted by12 days ago

Gary Gensler, the chairman of the SEC, promoted Algorand in one of his speeches at MIT on April 2019. He said:

Governance is tough. You could create uber or lift on top of a blockchain technology today - well, maybe in 5 years you could, it would have the performance. Silvio Micali's Algorand, who is a turing award winner at MIT that I work with. Silvio has got a great technology that you can create uber on top of it".

https://i.redd.it/rq63u02st06b1.png

There's likely more of these comments.

Now, Gary Gensler said that Binance US sells unregistered securities, including Algorand. So Gary Gensler said positive things about a security to a large crowd, a security owned by his former coworker that he worked with.

https://i.redd.it/5y9u9ltnu06b1.png

Jeremy Hogan -the attorney famous for covering the SEC vs. Ripple case- quoted the law that was used to sue Kim Kardashian over the EthereumMax scam. This law is very relevant here:

https://i.redd.it/b8tbre4yv06b1.png

So if Gensler was paid directly OR indirectly for this speech by a relevant party, he would definitely be able to get sued for shilling a security.

It would be poetic justice if he shot himself in the foot here and gets a taste of his own medicine.

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Posted by1 month ago

Algorand was one of the most hyped projects here during the 2020/2021 bull market. It had an amazing rise from $0.096 in May 2020 to about $3 in November 2021. We were all like:

https://i.redd.it/t1ddsrjeyt1b1.png

Since then, however, Algorand has rolled over and performed much worse than most other alts. Let me summarize:


(1) Algorand just set a new bear market low

The price right now is $0.1548. This is 95% down from the November 2021 high and a price we have not seen since March 2020. A lot of other alts have not continued to make new lows but Algorand is one of the few projects that has done so. Other alts are also down a lot less.

https://i.redd.it/m81nanj7ut1b1.png


(2) Algorand is the second worst performing asset over the past 90 days

While Bitcoin is up 8.8% in 90 days, Algorand is down 42.5%. Only Filecoin has performed worse over a 90 day period, but Filecoin is a terrible project with almost 100% inflation every year and it was marked as a security by the SEC.

Algo is second from the right...


(3) Algorand/Bitcoin keeps making new lows

Algorand is 98% down relative to Bitcoin since its highest point. 98%! And 90% relative to the November 2021 peak. Its just nonstop bleeding.

https://i.redd.it/cxnyr0lvut1b1.png

(4) The market cap just made a new bear market low

Even the market cap of Algo also just set a new bear market low. So even if you factor in the inflation of the token since all time high, the project is bleeding money.

https://i.redd.it/a1r0z9kuvt1b1.png

So....

  • What is wrong with Algorand? Why is it performing this bad relative to other alts?

  • What does the future of Algorand hold? Is this a good moment to buy then and why (not)?

  • Perhaps, given that everyone here is bearish on Algo now, it is time for it to pump and inverse us?

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Posted by9 days ago
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Posted by7 days ago

Algorand will increase its TPS from 6,000 to 10,000 imminently, as soon as 3.16 hits mainnet

Source: https://twitter.com/JohnAlanWoods/status/1670788583362265088?s=20

One click nodes will also be out this month, which will be a game changer in regards to decentralisation

London Bridge to Eth is in final stage development and they’re researching on chain privacy which will one day be a big draw of institutional investment

We’re not far off all time low which has shown to be a significant level of support, ripple case should prove secondary sales are not securities any day now and blackrock are looking for a BTC ETF…. The stars are aligning folks, exciting times ahead!

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Posted by13 days ago

Email < Gmail < FairInbox

typically, ppl do not publish their email address (gmail/dm) openly, as the incoming msgs would flood your inbox, rendering it almost useless

in a FairInbox, each msg comes with currency attached, making it a market driven inbox

just released: https://fairinbox.io

pls try!

send msgs to each other (using Algorand addresses) with coins attached

it uses Pera, which does *not work on mobile* (for webapps) ~ i have written them to solve this

I am doxxed:

grant receiver from the foundation: e.g. https://algoexplorer.io/tx/XBCARVWNPWKGHAFIN2ZOMNZJZAWLS5NNRWIMYZFHVBRWUNS7BK5A

speaker @ Decipher: https://youtu.be/NK_b5_ak9JY

another podcast: https://youtu.be/aHJuAPIYm4Q

src: https://github.com/1m1-github/FairInbox

theory white paper: https://github.com/1m1-github/FairMarket/blob/main/whitepaper/FairMarket.pdf

I also have a PR open that can super-power the AVM: https://github.com/algorandfoundation/specs/pull/79

**token: no token is traded for this dApp! (yet)**

I have put lots of effort into this ~ its a real world use case ~ in theory, everyone should publish their own Algorand address to be used with FairInbox ~ its an inbox that respects your time

mods: I sent you msgs asking to allow me to post this ~ pls do not take it down ~ else what is the point of me working and creating value if I cannot tell anyone about it

EDIT: try to send me a msg to 2I2IXTP67KSNJ5FQXHUJP5WZBX2JTFYEBVTBYFF3UUJ3SQKXSZ3QHZNNPY

generally / publish your own account address somewhere so people can send you msgs to your fairinbox.io

EDIT2: a demo: https://youtu.be/qu6TXRGHSr8


EDIT3: added a "(yet)" to the token ~ to not seem misleading ~ i have sofar never released a token for trading because i wanted to make it perfectly fair, which is only possible with a balancer.fi style treasury (i call it FairTreasury), which cannot exist on Algorand, unless the AVM is improved ~ perhaps i will go for a slightly less than perfect token trading launch, as all other projects have ~ reduce the burden of my perfectionism, so to speak

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