Algorand Token Sale (2019): Sale History, Figure & Outcome
Algorand, a layer-1 blockchain project, conducted a token sale in 2019. The sale raised USD 60 million through a Dutch auction format.
| Token | Algorand (ALGO) |
|---|---|
| Sale year | 2019 |
| Category | layer-1 |
| Chain | Algorand |
| Documented figure | $60,000,000 |
| Outcome | listed |
| Data tier | 1 — hand-verified |
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What the record shows
The sale took place on June 19, 2019, with tokens priced at 2.40 USD each. The Dutch auction was an attempt to ensure fair price discovery. However, ALGO traded below the auction price for several years following the sale. The project's tokens were later listed.
Era context: winter & auctions (2019–2020)
The sale occurred during the Winter & Auctions era (2019–2020), a period marked by shrinking public token sales and a shift towards more structured formats like auctions. Most significant funding during this time occurred through private rounds, with public sales serving primarily as marketing efforts.
This sale is one of the 73 entries in our Winter & Auctions (2019–2020) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
- Band Protocol (2019)
- BitTorrent (2019)
- Blockcloud (2019)
- Blockstack (Stacks) (2019)
- Celer Network (2019)
- Chromia (2019)
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Sources
- https://icodrops.com/algorand/
- https://www.coindesk.com/markets/2019/06/19/algorand-raises-60-million-in-token-sale
- https://medium.com/coinlist/announcing-algorand-auctions-66bd90d9df9b
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.