What is the issuance price of algo coins?
- Joseph David PatelOriginal
- 2024-05-09 14:43:26672browse
ALGO coins were sold through an initial coin offering (ICO) on June 19, 2019, with an issue price of $0.24.
ALGO coin issuance price
ALGO coin, issued by the Algorand blockchain platform, will be issued in the initial public offering ( The issuance price in the ICO is 0.24 USD.
Issuance Details
- ICO Date: June 19, 2019 to July 1, 2019
- Total Amount Raised: 6,000 Ten thousand US dollars
- Token supply: 10 billion ALGO
- Issuance price: 0.24 USD/ALGO
Issuance method
ALGO coins are issued through a public auction. Participants use ETH to bid for ALGO, and the one with the highest bid receives the corresponding ALGO token.
What happened after the ICO
After the ICO, the ALGO coin was listed on cryptocurrency exchanges such as Coinbase on July 1, 2019. Since its release, the price of ALGO coin has experienced significant fluctuations, reaching an all-time high of $3.96 at one point.
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