ALGO · steady consensus rewards toward a 10B cap.
ALGO is the native asset of Algorand, a Pure-Proof-of-Stake L1 — 10B hard cap, ~8.9B circulating (~89%).
Sell pressure. Consensus Rewards — 10 ALGO/block decaying 1% every 1M blocks + Foundation programmes — about 37M ALGO / 90D.
Buy pressure. No buyback, no fee burn, no Foundation accumulation — zero structural absorption.
Net. Mild, predictable emission — new supply to market is ~+0.4% over 90 days, trending toward zero as the cap fills by ~2030.
Consensus Rewards block emission: 10 ALGO/block decaying 1% every 1,000,000 blocks, plus 50% of block transaction fees → consensus stake-rewards pool. At ~3-second block time ≈ 25.8M ALGO / 90D currently. The Consensus Rewards programme replaced Governance Rewards in 2025.
No traditional team-vesting cliff schedule. ALGO distribution is via the rule-based emission programmes (consensus rewards + Foundation reward programs); no separate vesting buckets to unlock.
Algorand Foundation distributes ALGO from the genesis allocation via ecosystem reward and grant programs, on an ongoing cadence. Per-program registry not consolidated publicly.
No bankruptcy estate. ALGO staking lock-ups exist operationally but are short / withdrawable, not long-term locks per framework definition.
No revenue-funded protocol buyback on ALGO. Block rewards are funded by genesis emission, not by buying back.
No EIP-1559-style base-fee burn on ALGO. Transaction fees are split 50/50 between the consensus rewards pool and protocol overhead — no permanent destruction.
No on-record Algorand Foundation market-buying programme.
ALGO staking is operational only — stake earns rewards but the unstake delay is short, not a long-term lock per framework definition.
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