Algorand has announced that The Marshall Islands’ national digital currency, the Marshallese Sovereign (SOV), will be built using the Algorand blockchain.

The Algo blockchain has been chosen for its speed, scalability and security.

The plan is to create 24 million SOVs to begin. 40% of that will be available to purchase by investors worldwide.

The SOV will be introduced through a token pre-sale.

The price is $0.37 at the time of writing.

The price is $0.37 at the time of writing

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