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With Algorand, the open source pure proof of stake blockchain I wrote about yesterday, you also have a native token in the form of ALGO. It rewards people who hold the coin through staking and pays for network fees when a transaction is processed. ALGO has a value backed by and traded against three major cryptocurrencies/stable coins like Bitcoin, Ethereum, and the US Dollar stablecoin. Here are some exchanges where you can get ALGO from:
As of November 15th, Algorand is worth about $0.27 per token with a market cap of $216,892,145. The code for how the token and the Algorand blockchain works can be found on Github: https://github.com/algorand.
