Algorand Blockchain Network Raises $60 Million in Token Auction

Coinspeaker Algorand Blockchain Network Raises $60 Million in Token Auction

Algorand managed to raise over $60 million in a token sale of its native Algo token. The token sale was held on the Coinlist platform. The entire process was organized in accordance with a Dutch Auction mechanism. This mechanism provides market participants with a possibility to set a uniform price per Algo token. The value of the tokens was established at the level of $2.40.

Original source
https://www.coinspeaker.com/algorand-token-auction/

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