{"id":7018,"date":"2023-04-20T07:35:44","date_gmt":"2023-04-20T07:35:44","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=7018"},"modified":"2023-05-08T09:25:18","modified_gmt":"2023-05-08T09:25:18","slug":"btse-welcomes-algorand-algo","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/btse-welcomes-algorand-algo\/","title":{"rendered":"BTSE Welcomes Algorand (ALGO)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">BTSE is pleased to bring Algorand (ALGO) onto its platform on Thursday, April 20, 2023, adding to its users&#8217; selection of quality digital assets. Additionally, ALGO will be listed on BTSE\u2019s wider ecosystem of 10+ white-label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade ALGO via the ALGO\/USDT and ALGO\/USDC trading pairs.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Key Dates<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p>1. <a href=\"https:\/\/www.btse.com\/en\/wallets\/action\/deposit\"><span style=\"font-weight: 400;\">Deposits<\/span><\/a><span style=\"font-weight: 400;\"> and withdrawals enabled: effective immediately (supported network: Algorand)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2. Trading enabled: 8:00 AM (UTC) on April 20, 2023<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>About Algorand (ALGO)<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Market Cap: $1,417,876,323<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Total Supply: 7,432,808,873 ALGO<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Circulating Supply: 7,218,483,946 ALGO<\/span><\/p>\n<p><a href=\"https:\/\/www.algorand.com\/\"><span style=\"font-weight: 400;\">Algorand<\/span><\/a><span style=\"font-weight: 400;\"> is a blockchain protocol that leverages a unique pure proof-of-stake (PPoS) consensus mechanism to address the scalability challenges often faced by first and second-generation blockchains. The PPoS mechanism promotes decentralization by enabling all online nodes to participate in block validation while maintaining low computational and financial costs for setup. Additionally, it offers a sustainable solution, eliminating the need for forking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ALGO token serves several purposes within the Algorand network:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Transaction Fees<\/b><span style=\"font-weight: 400;\">: ALGO is used to pay transaction fees on the Algorand network, which boasts lower costs compared to Bitcoin (BTC) and Ethereum (ETH).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Staking and Consensus Participation<\/b><span style=\"font-weight: 400;\">: Users can stake ALGO for the opportunity to be chosen as a block proposer or validator and to cast their votes in the consensus process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Passive Income Generation<\/b><span style=\"font-weight: 400;\">: By holding ALGO in a non-custodial wallet, users can effortlessly earn passive income whenever new blocks are generated on the blockchain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Trade on the go &#8212; download the <\/span><a href=\"https:\/\/www.btse.com\/en\/app?utm_source=blog&amp;utm_medium=corporate_content&amp;utm_campaign=token_listings&amp;utm_content=mobile_app\"><span style=\"font-weight: 400;\">BTSE mobile app<\/span><\/a><span style=\"font-weight: 400;\"> (iOS\/Android)<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i> or on Twitter @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i><span style=\"font-weight: 400;\">Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTSE is pleased to bring Algorand (ALGO) onto its platform on Thursday, April 20, 2023, adding to its users&#8217; selection of quality digital assets. Additionally, ALGO will be listed on BTSE\u2019s wider ecosystem of 10+ white-label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade ALGO via the ALGO\/USDT and ALGO\/USDC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-7018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BTSE Welcomes Algorand (ALGO) &#8212; BTSE Blog<\/title>\n<meta name=\"description\" content=\"BTSE is pleased to bring ALGO onto its platform on Thursday, April 20, 2023, adding to its users&#039; selection of quality digital assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/btse-welcomes-algorand-algo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTSE Welcomes Algorand (ALGO)\" \/>\n<meta property=\"og:description\" content=\"BTSE is pleased to bring ALGO onto its platform on Thursday, April 20, 2023, adding to its users&#039; 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