Converting ALGO to other currencies
Use the Beaxy exchange platform to convert fiat currency to ALGO. Now it is possible to place the purchase right in the converter without wasting time searching the needed page. You should enter your desired sum, currency, and digital asset to get coins. To finish, click Buy and wait a few minutes while the operation is processed.
Algorand is a new kind of cryptocurrency designed to be secure, scalable, and decentralized. It is the first blockchain platform to use a Proof of Stake consensus algorithm. It is more energy efficient and provides faster transaction times. Algorand is also the first blockchain platform to offer a decentralized exchange, which allows more secure and efficient trading of digital assets.
The Algorand Foundation, a non-profit organization, is responsible for developing and maintaining the Algorand protocol. On March 5, 2018, the Algorand Testnet was launched. It is an early-stage, public test network for the Algorand protocol. The Testnet is designed to allow developers to test and experiment with the Algorand protocol without using real ALGO tokens. It is also utilized to test new features and upgrades before they are implemented on the mainnet.
On June 19, 2019, the Algorand Foundation released the Algorand mainnet. It is the live production network for the Algorand protocol. The mainnet uses the Algorand native token, ALGO, as its native currency.
The Algorand Foundation minted 1 billion ALGO tokens before the launch of the mainnet. Of the 1 billion ALGO tokens, 10% were allocated to the Algorand Foundation, 10% to the Algorand team, 10% to private investors, and 70% were sold to the public in a token sale. The Algorand Foundation has stated that it will use the funds from the token sale to support the development of the Algorand protocol and ecosystem.
You can buy ALGO on Beaxy with several clicks. First, you need to create an account and verify it to get the token. Beaxy provides access to the web platform or Android or iOS mobile application. For users’ convenience, there are several payment methods. We support debit and credit card payments and wire transfers. Beaxy guarantees secure storing of your funds, thanks to institutional grade custody. On an exchange platform, you can find various tools for trading, including prebuilt technical analysis, price predictions with a 70% win rate, timeframes, and targets that work. With Beaxy, you can achieve great results without worrying about the technical side.