![ALQO energy drink.jpg](https://steemitimages.com/DQmWayU5sN6zwDRahZcNPWzNFkg61op9UQ3SRsm18XsRpKn/ALQO%20energy%20drink.jpg) _{It should be noted that the beverage is ALQOholic} ##### This is definitely more than a gimmick, having an energy drink really shows the initiative the [ALQO team](https://alqo.org/team) is putting into their organization. *Red Bull and Monster brands now do [billions of dollars in sales](https://www.investopedia.com/articles/investing/022315/energy-drinks-industry.asp) each year.* [The ALQO website](https://alqo.org/about) is well designed, well written, and looks everything like a company that is taking their goals seriously. ##### They aim to be an adaptive all in one solution to converting your wealth to the blockchain, with the functionality to make it possible for everyday use. They are doing this by making fluidity their backbone. The tech world changes fast, and the blockchain space has put [Fintech into hyper speed](https://www.prnewswire.com/news-releases/data-shows-fintech-market-growth-669723153.html). Forging a concrete identity is useful in many situations, but ALQO is out to prove that in order to have sustained success in this industry, versatility must be the norm. # Key Aspects * **Launched 01/21/2017** * No ICO * **POW with planned transition to POS** * QWARK algorithm * **Masternodes** * Requires 10,000 ALQO * **4MB blocksize** * **Only listed on two exchanges** * [**Development projects for 2018**](https://alqo.org/roadmap) * Dividends system * Zero coin transaction * German based coin exchange * **Dev team also working on [Coinfolio](coinfolium.com)** * **Functional wallet and masternode app on [GooglePlay](https://play.google.com/store/apps/details?id=com.coinfolium.mnwviewer&hl=en)** ![Screen Shot 2018-02-09 at 10.47.47 AM.png](https://steemitimages.com/DQmVMyXxtQYywPg23sGxkbVpE6JThZ2JdrYNU1W5n9yUhEs/Screen%20Shot%202018-02-09%20at%2010.47.47%20AM.png) --- ## Sadly, the ALQOholic drinks are not for individual sale ##### They are part of the Masternode promotional swag, directly from ALQO ![Screen Shot 2018-02-09 at 12.39.37 PM.png](https://steemitimages.com/DQmZJ9JDQiXRfJKkrYibVojAC3D2sed8Da6PWasSbzaSFEE/Screen%20Shot%202018-02-09%20at%2012.39.37%20PM.png) --- ## Details * **Since launching**, the ALQO developers have been active, and engaging in their online community. They have proven to be constantly working towards improvements and the added functionality that will take them to their overall intended purpose. * **Significance of QWARK** algorithm, is that is ASIC resistant. [ASICs](https://en.wikipedia.org/wiki/Application-specific_integrated_circuit) are specialized computers that are very good at single repeated tasks. This makes them very good for mining. They are also extremely expensive, and the average person will never have one. Having ASIC resistance works to level the playing field, keep a more evenly distributed network and allow the average person to earn income from mining. * **Transition to POS** is important to maintain users of the network. When all coins have been mined, what is the incentive for miners to sustain the network? * **4MB Blocksize** "effectively allows ALQO to handle a transaction volume 40x greater than Bitcoin’s." However, this doesn't really speak to the whole picture. * A bigger blocksize means bigger payouts for a miner, but this actually fights against the purpose of QWARK algorithm, because larger blocksizes require more computing capacity. This will tend to a more centralized network. As the blocks take longer to complete, it decreases the level of security and increases the possibility of [double spends](https://steemit.com/steemit/@anyx/the-double-spending-problem-on-steemit) and [orphan blocks](https://steemit.com/electroneum/@mastahb/what-are-orphaned-and-stale-blocks).
* **Exchanges**: [CryptoBridge](https://wallet.crypto-bridge.org?r=<730670>) & [Stocks.Exchange](https://stocks.exchange/) * There is active work to change this very soon #### There is a currently [a crowdfund campaign](https://funding.alqo.org/) to help ALQO make the jump to more widely used exchanges. It is explained in detail through the link. The donations are totally transparent. The specific application of the donations is decided by a 51% majority vote of the ALQO community. --- ## Social Networks: * ~ 400 [Reddit subscribers](https://www.reddit.com/r/Alqo/) * ~ 4200 [Twitter followers](https://twitter.com/ALQOCOIN) * ~ 100 [Facebook likes](https://twitter.com/ALQOCOIN) * ~ 700 [Discord Members](https://discord.gg/BJYpbfs) online * ~ 800 [Telegram members](https://t.me/alqochat) --- ## [Investment View](https://bitscreener.com/coins/alqo?timeframe=all&chart_type=candle&chart_unit=btc) * May be difficult to pick up if you're not comfortable with new exchanges * Will see a huge increase in liquidity when listed on more popular exchanges * Low market cap * Has recovered ~30% since it's lowest dip on February 2nd (as of February 9) ![Screen Shot 2018-02-09 at 11.02.27 AM.png](https://steemitimages.com/DQmYwZdT5bvaaW87xQKPr2ApCqpErEpNdMMY26ucsAABcgU/Screen%20Shot%202018-02-09%20at%2011.02.27%20AM.png) --- ##### [ALQO](https://alqo.org/about) is still a young platform, and as such, has time to prove whether it's a flash in the pan or true to their mission type of organization. As their development team does not have a proven history, there is no certainty. ##### They are making quick work at the goals set by their [road map](https://alqo.org/roadmap) without the fuel of ICO funding, and continuing to do so will prove a great show of promise. An organization this size provides the opportunity for an individual to have a significant voice in the project. --- ### [Who am I?](https://steemit.com/introduceyourself/@wisexorfool/hello) ### [How did I get into cryptocurrencies and blockchain?](https://steemit.com/education/@wisexorfool/so-you-want-to-learn-about-bitcoin-stuff-really-fast-bitcamp) ---