Algorand, a start-up crypto coin, had recently held an initial coin offering that seems to have backfired, causing a vast price drop. The currency had been introduced into the market last month, trading at nearly three US dollars. Following the massive price crash, the coin’s price now hovers just over a single dollar. In this initial coin offering (ICO), the currency utilized a ‘Dutch Auction’ technique, which maintains price anonymity until the end of the event. Traders would be kept in the dark of the coin’s price until the end of the day, and could only be sure of the
