Market
Problem that it solves
Algorand is a smart contract platform that takes on some of the more
Customers
Anyone looking to develop and deploy decentralized applications and smart contract solutions could be a potential customer for Alogrand.
Value creation
The ALGO token enables holders to access the platform, have a say in the network's governance, and earn staking rewards.
Market structure
The market structure for Algorand is still emerging, yet it's emerging quickly. Algorand already has several impressive partnerships and adoptions stuck in its cap.
Market size
The potential market size for Algorand is substantial as more businesses are exploring decentralized applications and other blockchain solutions.
Regulatory risks
Algorand looks like something regulators would casually dismiss as a non-threat, but if the Algorand team abuses its control over the blockchain, regulators' ears may perk up.
Average Market Score
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Competitive Advantage
Technology/blockchain platform
Algorand was built from scratch. It was built by a veritable genius, but, still, it was built from scratch.
Lead time advantage
The Algorand concept of
Contacts and networks
Algorand has access to networks by virtue of the clout Silvio Micali swings due to his Turing award and MIT status.
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Management Team
Entrepreneurial Team
Silvio Micali's success as a mathematician and academic is unquestionable. His track record thus far with Algorand is also strong, yet his digital asset portfolio is, mostly, theoretical and scholarly.
Industry/technical experience
Silvio Micali completely altered his focus as an academic relatively early in the digital asset game. His experience stems from that commitment and the success of Algorand so far.
Integrity
There doesn't seem to be any smoke and mirrors surrounding Algorand's team.
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Token Mechanics
Token required
Users need the ALGO token to interact with the network.
Value added
The ALGO token is "another one of those" because it serves a purpose similar to other smart contract-supporting coins.
Decentralized
Algorand's decentralization is marginal, at best. The team is purposely controlling up to 49% of tokens used to vote on future developments so they can keep their hands on the steering wheel—at least for the time being. If they get 2% of everyone else to agree with their position, then, voila, they win.
Token supply
The token supply of Algorand is capped at 9,979,490,657.
Public exchange
ALGO is available on several exchanges but not all majors.
MVP
Algorand launched its mainnet in June, 2019.
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User Adoption
Technical difficulty
Algorand offers a compelling premise: Build on this blockchain and you're less likely to get hacked, and things will be fairly decided. This may be fueling much of the early adoption.
Halo Effect
Anytime you name-drop MIT or Turing award, doors creak open. Beyond that, however, the project has little Halo Effect.
Buzz
Algorand is one of the more talked-about blockchain ventures on social media. However, many of its competitors have been able to generate substantially more buzz.
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Overall Score
Weighted Average of the five section scores above
