The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.



The Algorand blockchain network has its own official native token, called the Algo. The Algorand Foundation will initially use an auction mechanism to distribute algos to registered participants around the world who satisfy regulatory requirements. Auctions are conducted on the Algorand blockchain through a listing partner.