I like the projects that are already on the BN listing more and more. I only need 3 5x coins to be free in life. Everyone has started to pay attention to Algorand, so I will briefly summarize it:

What is Algorand?

Algorand is a long-established Layer 1 public chain launched in 2018. The entire public chain technology was designed by MIT professor and Turing Award winner cryptographer Silvio Micali. Currently, the public chain token $ALOG has been listed on Coinbase, Binance, and many other exchanges.

As an old public chain, Algonrand has not given up on builder. I decided to introduce them seriously after watching the blog video of the CEO of the Algorand Foundation at the Barron's roundtable. The topic they discussed was: "Can cryptocurrency really change the rules of the game?"

They also made a Youtube video criticizing Bitcoin, Solona, ​​and Ethereum. It’s quite funny and you can search it and have a look:

What are the characteristics of Algorand in this round of market?

Algorand seems to have fully realized its PMF and advantages. Algorand is focusing on the RWA track this time. Key results:

Ecosystem project Lofty: Tokenize real estate. If the recommended property is successfully listed on the chain, the recommender can also receive a $1,000 reward. At the same time, community members are allowed to purchase shares of rental properties at a price as low as around $50. Investors earn rental income every day and jointly manage the decision-making of the property. (We have seen their community members earn income from this) At the same time, you can also pay USDC to book a room on the Algorand chain

Meld Gold: A recommended cross-chain gold tokenization project. 1 Token = 1 gram of gold, fully convertible into gold bars.

At the same time, as a long-established European and American public chain, MiCA (Europe's regulator for cryptocurrency assets and blockchain-based currencies) has new regulations that only stablecoins issued by regulated entities can be issued to the public, and USDT may also face compliance risks in the near future. However, Algorand has a euro-backed stablecoin EMT that complies with MICA regulations.

Meanwhile, 17k developers were active on ALGO in the past week, ranking second. ALGO’s ecosystem is developing rapidly. Algorand’s daily active addresses have exceeded 54,000, surpassing Dogecoin (52,000) and Avalanche (48,000), and the average holding period of ALGO tokens is close to 11 months.

RWA can attract a large amount of real-world funds to enter web3. As a public chain focusing on RWA, there are great opportunities. I hope everyone will continue to pay attention.