Blockchain Firm Algorand Raises $60 Million In Token Sale

Blockchain Firm Algorand minced over $60 million in a token sale of its native Argo token on Coinlist. Notably, a Dutch Auction mechanism was employed for the sale in order to ensure market participants set a uniform price per Algo. 

As per a CoinDesk report, all of 25 million tokens were valued at $2.40.  The publication quotes Company representatives, that the Read more:YouNow Files Its Props Token With SEC As Give Away Not For Sale

Image source – Algorand Twitter