# Aleo (ALEO)

Aleo is a privacy-focused Layer 1 blockchain that enables developers to build decentralized applications with zero-knowledge cryptography. It allows private user interactions while still retaining the ability to offer personalized experiences.

## Market Cap

$23.8M

## Staking Reward Rate*

Data not available

## Price

$0.02

## Auto-Compounding

Yes

## Reward Frequency

Every block

## Activation

Immediate

## Withdrawal

24 hours

### Slashing Penalties Enabled

No

\*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

## Why Stake Aleo With Figment?

-  Privacy-by-default design powered by ZKPs
-  Leo language abstracts complex ZK cryptography
-  snarkOS stores encrypted state on-chain
-  snarkVM enables unlimited off-chain computation
-  AleoBFT combines PoW puzzle solving with PoS
-  Testnet live with mainnet launch planned for 2023
-  Native ALEO token used for fees, staking, and incentives
-  Suite of developer tools like Aleo SDK

## Aleo Staking FAQ

What is the name of the asset being staked? What is being used for?+

The native token on Aleo network is called ALEO. ALEO is used to pay for transaction fees, participate in network governance, and staking in the Proof of Stake consensus mechanism.

## Explore Additional Protocols

Figment supports 30+ established and emerging protocols. Learn how to stake with Figment.

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