gALGO

Governance ALGO price 
GALGO

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Circulating supply
 
0 gALGO
0.00%
Total supply
 
0 gALGO
Max. supply
 
10,000,000,000 gALGO


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About Governance ALGO

gALGO (Governance ALGO) is a wrapped version of ALGO, minted by Folks Finance and that allows users to participate in Algorand Foundation Governance without renouncing their liquidity. In other words, it is the Folks Finance Algorand Governance token and it is minted, at a one-to-one rate with the committed original ALGO in the Folks Finance platform. Therefore, users who minted gALGO during any relevant Governance commitment period are eligible to participate in the Algorand Foundation Governance and any Folks Finance proposals related to it. Users can use their gALGO freely in the ecosystem: for example as collateral on Folks Finance, to interact with DEXs, to purchase NFTs, and so on.