Validators process transactions and receive fees from users (supply-side fees).

Algorand is a smart contract platform for decentralized applications (a blockchain). Algorand was founded by Silvio Micali and launched in 2018.

ALGO holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Algorand's investors include Union Square Ventures, Multicoin Capital, Pillar, etc.

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Algorand

# Algorand Maximum token supply Methodology

## 1. Overview

Maximum token supply is defined as the total number of ALGO assets that can ever exist under the current economic model of the Algorand protocol. This metric encompasses all assets currently in circulation, as well as those reserved for future issuance, ecosystem rewards, and governance incentives. A fixed cap is established at the protocol level to ensure long-term scarcity and economic predictability for the asset.

## 2. Data sources

- **None**: This metric is set to a constant value and does not consume blockchain events or instructions.

## 3. Step-by-step calculation

### Component A: Algorand maximum supply definition

- **Purpose**: To establish the fixed upper bound of the ALGO asset supply.
- **Logic**: A constant value of 1,000,000,000 is assigned as the maximum supply. This value is associated with the protocol launch timestamp of June 19, 2019.

### Component B: Data persistence and normalization

- **Purpose**: To generate a continuous time series for the metric and ensure standard formatting.
- **Logic**: The constant value is propagated forward for all subsequent days using a fill-forward strategy. The value is cast to a large numeric type to ensure precision and is normalized according to the asset's decimal configuration. Daily granularity is maintained with UTC day boundaries.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

AlgorandALGO

Maximum token supply

Maximum token supply

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