Algorand Foundation Warns Its Community About FIFA-Related Scams

FIFA-related scams

The Algorand Foundation warned its community about ongoing FIFA-related scams. The team said there are groups on social media who have represented themselves as representatives of Algorand with opportunities to buy on a "FIFA" related project. Algorand Foundation told its community to disregard such messages as they are scams. 

Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network". ALGO is trading at $0.3862 at press time, down by more than 4% in the last 24 hours.