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Algorand Foundation raises over $60M in token sale

Singapore based blockchain platform raised over $60m in a token sale conducted on CoinList. The Algorand Foundation is the first organization to conduct a fully transparent global auction on its own blockchain platform, which was open sourced on June 12, 2019.

“We see this auction as a first step, but an important step, in a long journey toward a fairer world, where everyone has the ability to participate in economic prosperity,” said Dr. Tal Rabin, Head of Research for the Algorand Foundation. “The Algorand platform is decentralized by design to ensure broad and global participation.”

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token, blockchain, token sale, decentralisation