Algorand is a scalable, secure and decentralized digital currency and transactions platform. The market cap is $199,833,539 and the 24h volume is $93,998,162.
Algorand blockchain consensus is achieved via Proof of Stake. Investors can participate via staking. Currently there is 1 option to earn passive income and staking rewards with your Algorand investment as outlined below.
- How to stake Algorand?
While anyone can run a participation node, not all users will have the technical ability to participate in the consensus protocol. For users who are not able to run a participation node, the Algorand blockchain offers an offline mode. When a user declares themselves offline, their account’s stake is not taken into consideration for the sortition process. This allows any user to have a stake in Algorand without requiring them to operate a participation node.
Currently, the system treats all users equally. In the future, the Algorand Foundation may propose an upgrade to increase the rewards given to online users – incentivizing them for their participation in the cryptographic sortition protocol – and decrease the rewards given to offline users.
- Which network metrics do the rewards depend on?
Rewards in the form of algos are granted to Algorand users for a variety of purposes. Initially, for every block that is minted, every user in Algorand receives an amount of rewards proportional to their stake in order to establish a large user base and distribute stake among many parties. As the network evolves, the Algorand Foundation will introduce additional rewards in order to promote behavior that strengthens the network, such as running nodes and proposing blocks.
- How often will i receive a Reward?
Rewards are distributed at the end of each 6-month staking cycle.
- Distribution: March 1, 2020
- Distribution: September 1, 2020
- Distribution: March 1, 2021
- Distribution: September 1, 2021