📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/
👕 “Bitcoin Evolution” Shirt 👉 https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/
Previous Algorand Video 👉 https://youtu.be/Bot0M5hXC0c
Cryptocurrency Tokenomics Explained 👉 https://youtu.be/ftCaqG7wckg
CBDC Conspiracy Video 👉 https://youtu.be/jWM-MdT2rDg
– TIMESTAMPS –
1:58 Algorand Recap
5:00 Algorand Updates
7:44 ALGO Updated Tokenomics
10:35 ALGO Price Analysis
13:46 Algorand CBDC Potential
⛓️ 🔗 Useful Links 🔗 ⛓️
► Trillions of USDC on Algorand: https://algoexplorer.io/asset/31566704
► New ALGO Tokenomics: https://algorand.foundation/the-algo/algo-dynamics
► ALGO Accelerated Vesting: https://algorandfoundation.cdn.prismic.io/algorandfoundation/eb2a8c69-2262-42f8-99a4-09df485207b5_EIP-11252019AF_+Conditional+Accelerated+Vesting+Nov+30.pdf
► Algorand Foundation Structured Selling: https://algorand.foundation/news/october2020-transparency
Algorand was founded in 2017 by MIT professor Silvio Micali. Silvio is famous for being the co-creator of various cryptographic technologies like zero knowledge proofs.
Algorand uses a unique consensus mechanism called pure proof of stake which makes it possible to process 1000 transactions per second without sacrificing security or decentralization.
Pure proof of stake involves two types of nodes: participant nodes and relay nodes. Participant nodes participate in consensus, and relay nodes facilitate the communication between participant nodes.
In November, Circle’s USDC stablecoin officially launched on the Algorand blockchain. There is currently over 100 million USDC circulating on Algorand, and an interesting total supply of 18.4 trillion.
In December, Algorand partnered with Climatetrade, a carbon credits trading platform. This will see tokenized carbon credits issued and traded on the Algorand blockchain.
Algorand also partnered with the SIAE, the largest Italian copyrighting agency with over 4 million copyrights which are now publicly verifiable on the Algorand blockchain.
💱ALGO Updated Tokenomics💱
For starters, the ALGO tokens allocated to all parties will now unlock over 10 years instead of 4 years. This means Algorand will need to have enough adoption to survive from transaction fees after 2030.
In addition, the 2.75 billion ALGO that was reserved for future token sales will be reallocated to community incentives, governance and ecosystem support.
📉ALGO Price Analysis📉
The cause of ALGO’s poor price action seems to be something called ‘Early Backer Accelerated Vesting’. This tokenomic change was proposed by Algorand’s early backers in late November last year.
Algorand’s early backers can unlock more of their remaining tokens if the price of Algo goes above the average price of Algo in the previous month.
Similarly to the accelerated vesting schedule, the Algorand Foundation has its own selling scheme called ‘structured selling’.
🏦Algorand CBDC Potential🏦
In my CBDC conspiracy video, I considered the possibility that Stellar would be selected as the blockchain to host the digital US dollar.
My reasoning for this was the Stellar Foundation’s close work with regulators in the United States, and its partnership with Circle which issues the USDC stablecoin that is quickly becoming a CBDC template.
Some of you correctly noted in the comment section of that video that Algorand is a more likely CBDC blockchain candidate than Stellar.
This is because Algorand is faster, more decentralized, and the creators behind its project have serious academic credentials.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#algorand #Algo #crypto #cbdc #blockchain
How to Be a Trader Lesson IV – Over-Trading the Root of All Evil
People get associated with the Forex Market for various reasons. Numerous investors, like me, profession commercial. Yet there are others that just love the excitement of the game. Over-trading is one of the main reasons most accounts get eliminated.Introduction to the Foreign Exchange Market for Beginners
Comprehending the essentials of a forex market as well as understanding what it is, what takes place, and also what one performs in this market can obtain really difficult as well as confusing, especially for newbies. Right here is a simpler, much easier guide to the forex market, produced as well as composed just for novices, particularly those who are new to the monetary world. The foreign exchange market (generally described as the foreign exchange, FX or money market) is an international financial market where a currency is traded for one more.Top Tips for the Forex Beginner
If you are taking into consideration participating in Forex trading then there are lots of point to think about. Right here are some leading tips to assume regarding before and also whilst trading foreign currency. Reading details concerning Forex trading beforehand will arm you with the proper way of thinking when you ultimately dip your toe.3 Steps Guide to Take Money Out of Trading the Currency (Forex) Market
You understand that you can make BIG money in the Money market (Forex) ideal?! So Why 49 of any 50 traders (98%) fold? Below is a basic, take the chance of free, 3 steps Overview to help you end up being 1 of the 2% that take cash OUT of Foreign exchange.New Automated Forex Software – Key Buying Features For Forex Traders
Any kind of brand-new automated forex software to the market will come as a breath of fresh air to Forex traders specifically if there hasn’t been a brand-new release on the marketplace for a while. Investors will certainly be cognizant that the establishing of a new automated Foreign exchange software application plan will often suggest new, cutting-edge as well as innovative time checked formula’s for choosing much more successful trades.