ALGO · hard-capped, no mint — yet the Foundation still feeds supply from reserve.
ALGO is the native token of Algorand, a pure proof-of-stake Layer-1 — hard-capped at 10B, all minted at genesis, ~8.96B circulating with about 1.04B still held in Foundation reserve, so supply moves only as that reserve is released.
Sell pressure. Block-production staking rewards release about 20M ALGO and discretionary Foundation reserve deployment about 16M over the next 90 days — roughly 36M ALGO from the reserve. There is no mint above the cap.
Buy pressure. Nothing — no buyback and no burn. Transaction fees are recycled to stakers rather than destroyed, so no ALGO is removed.
Net. About +0.40% to market — supply slowly inflates as the Foundation pays out reserve, with nothing on the other side to offset it.
Algorand mints no new ALGO. All 10B were created at genesis and the protocol cannot issue above that cap, so there is no protocol inflation in the mint sense — the block-production staking reward that pays validators is not new issuance but Foundation reserve being released, which is tracked in row 3.
All 10B ALGO were minted at genesis in 2019, and the original team, early-backer and relay-runner allocations finished their multi-year vesting by around 2024. No contractual vesting schedule remains — every token still outside circulation is discretionary Foundation reserve, tracked in row 3, not a vesting cliff.
The Algorand Foundation holds about 1.04B ALGO in non-circulating reserve, and releases it into circulation two ways: block-production staking rewards paid from the reserve-seeded fee sink — about 20M ALGO over 90 days, roughly 6.8M a month — and discretionary ecosystem grants, xGov community-voted funding (about 1.45M ALGO in May 2026) and operations, about 16M more. That is roughly 36M ALGO over 90 days, and the ~1.04B reserve is the tracked team-controlled overhang.
No bankruptcy estate or court-ordered distribution applies to ALGO.
Algorand runs no programmatic token buyback — no protocol revenue is used to buy ALGO on the open market.
ALGO has no fee burn. Transaction fees — only about 50K ALGO a month — are collected in the fee sink and recycled to consensus participants as part of the staking reward, so no ALGO is ever destroyed.
No Algorand Foundation open-market buying of ALGO was observed in the window — the Foundation is a net releaser of reserve, not a buyer. Monitored.
About 2.11B ALGO is staked to secure the network, but Algorand staking is liquid — no lockup and no slashing — and continuous, so no new multi-year lock or escrow was created in the window.
My research. My portfolio. Free.
Deep research weekly. My real holdings monthly.