Taxonomy
$ALGO is a utility token and the principal incentive and governance mechanism of the DAO.
Last updated
$ALGO is a utility token and the principal incentive and governance mechanism of the DAO.
Last updated
The main use-case for the $ALGO token is to be employed as an exchange mechanism to purchase and invest into other ecosystems and digital assets.
Similarly to how traditional companies acquire stakes in other companies by conducting a equity for equity deal, our DAO plans to do the same through tokens.
It is also simultaneously the decentralization mechanism and the governance tool of the DAO.
More details on how our acquisition and investment process work are provided in the Acquisitions & Investments section.
The $ALGO token is an ERC-20 Utility Token built on top of the Polygon blockchain.
You can visit the token contract➡️link
Currently, the token is PRIVATE and not listed on any DEX or CEX, therefore the $ALGO token doesn’t have a floating price.
Upon listing, the $ALGO token which has been distributed to acquirers, contributors or others will be exchanged 1:1 for the listed $ALGO tokens.
You can find more info in the Token Economics section
