AlgoFund is an IDO platform for launching new projects on Algorand.
To participate in new projects sales users are required to stake the $ALGF token before the start of each sale. Users can choose to participate in one of the two following pools for each IDO:
- Lottery pool: Participants in this pool will be included in a whitelist for allocation. Each ticket gives a chance to win one allocation.
- Guaranteed pool: All participants in this pool will receive an allocation proportional to the number of tickets they submit and the total number of tickets submitted to the pool.
$ALGF is the native token for AlgoFund platform, which is used for governance and participating in IDOs. $ALGF holders gain access to projects that otherwise would not be available to the public.