Time and time again, DuckDAO has always strived to keep up with the latest technology and diversify our users’ choices. The DuckSTARTER platform is where we provide public token launches for projects and investors alike, making a case for a wide array of blockchain availability as we move towards a blockchain-agnostic platform.
Since its inception in 2021, the DuckSTARTER platform has added 4 of the largest blockchain networks for support. Today, we’re pleased to introduce the world-renowned Algorand blockchain to DuckSTARTER.
Algorand Overview
Launched in 2019, Algorand is a powerful and advanced layer-1 PoS (Proof of Stake) blockchain built for payments and creates a worldwide borderless economy. The network is known for its high efficiency and throughput, boasting between four to five second block times and over 1,000 TPS (transactions per second).
Its underlying blockchain infrastructure is designed to remain one instead of a multi-chain approach, allowing it to retain faster transaction finality. It also provides high levels of scalability and security to allow for the natural progression and evolution of decentralized financial systems. Given its PoS consensus mechanism, there’s no mining on the Algorand network, directly translating into lower fees and more sustainability.
Algorand was founded by Silvio Micali, an MIT professor, and is headquartered in Boston, Massachusetts. The team comprises a variety of computer scientists, mathematicians, researchers, scientists, and economists who are looking to develop advanced technologies to help widen financial opportunities on a global scale.
The Algorand Foundation is a non-profit that manages and funds the project’s core development. $ALGO is the native token that helps power and run the Algorand protocol.
The Perfect DuckSTARTER Addition
Even though it won’t be without challenges, the addition of Algorand on DuckSTARTER checks yet another box on our list for integrating high-quality networks onto our platform.
Soon, our investors will benefit from having more choices when it comes to how they want to invest in promising startup projects via DuckDAO. Moreover, they’ll be able to benefit from Algorand’s meager transaction fees and high speeds.
There’s also a massive benefit to the projects we partner with. Soon, they’ll be able to select Algorand’s protocol to launch their tokens, allowing them to better execute IDOs and sales for their investors and communities.
We also expect this integration to draw greater attention from more members from the Algorand community, helping migrate them to DuckSTARTER and the entire DuckDAO ecosystem, opening the floodgates for new prospective investors and Ducks. To this point, both the Algorand and DuckDAO ecosystems will significantly benefit from this partnership.
Together with the Algorand team, we will make this new partnership and integration a powerful utility for the crypto industry. DuckDAO and our community look forward to a successful road ahead.
Find Out More About DuckDAO🐥
DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast-track their progress on the path to success.
