“Insane Valuation”: Algorand $60M Token Auction Implies $24bn Value
June 19 2019 - 3:08PM
Crypto Briefing
A new Proof-of-Stake blockchain protocol raised more than $60M
in a token sale held in Singapore today. Algorand sold 25M Algos –
its native token – in the first of a series of sales that will
allow tokens to gradually enter circulation. The company raised
more than $66M last year by selling equity to investors […]
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