Algorand Price (ALGO)

The Algorand Foundation use an auction mechanism to distribute algos to registered participants around the world who satisfy regulatory requirements. Auctions are conducted on the Algorand blockchain through a listing partner.

For the first auction, 25 million Algos will be available at a starting price of $10.00 USD and a reserve price of $0.10 USD.Participants may return their Algos back to the foundation one-year post-purchase at up to 90 percent of the value paid.

Auction supply (with up to 600 million algos auctioned per year).