- The Algotech platform has raised $250,000 in a single day as part of the second phase of the ALGT token public presale.
- According to the company, the token price will rise to $0.08 in the third phase.
Decentralized algorithmic trading platform Algotech has raised $250,000 in a single day as part of its ALGT token public presale. This was reported to Cryptonicorn by representatives of the company.
Recall, the public presale of ALGT began in 2024, the platform completed a private pre-sale of tokens in the amount of $1.1 million. Later, Algotech raised more than $1 million in the first phase of the public presale. At the time, the asset price was $0.04.
“Algotech exceeded the team’s expectations by raising $2.1 million in a matter of weeks, with over 50 million ALGT tokens sold to 5,000 unique owners. The token price at the current pre-sale stage is $0.06, but is expected to rise to $0.08 in the next round,” the platform said.
The press release said Algotech is designed to “change the global landscape of trading” assets by providing traders with advanced tools to improve efficiency. In an effort to maximize data-driven efficiency, the team said the platform has introduced a large suite of tools designed to empower traders and increase their chances of maximizing profits.
About Algotech
The Algotech platform combines artificial intelligence and blockchain technology. The project team is also going to introduce social trading features that will allow users to share trading setups with their communities. Algotech offers more than 10,000 unique trading pairs across various crypto asset classes.
“Users of the platform can seamlessly trade assets and access their own trading strategies. All of this is enabled by the ALGT token, which serves as the fundamental backbone of the platform. It plays a central role in regulating the ecosystem and ensuring seamless management,” the press release said.
Algotech emphasized that by using advanced machine learning, the platform aims to address the limitations of traditional trading platforms. The team noted that ALGT token holders can vote on the most important proposals and have a wide range of management rights.
In addition, the platform fosters community growth through a share of profits from trading fees.
You can learn more about the project on the website, and join the social networks by clicking here.
