Algorand CEO: The auction is for the new Algo to enter the circulation in a fair manner, without favoring anyone or a group

According to official sources, Algorand CEO Steven Kokinos responded in a public AMA meeting "Why potential buyers will participate in the auction, rather than buying ALGO directly through the secondary market exchanges": the idea behind the auction is: Let the new Algos enter circulation in a fair way, without favoring anyone or a group. In addition, the concept behind the refund policy is to encourage new players in the field of encryption, who may be concerned about the volatility or uncertainty of how the system works. In general, in everyday use, the exchange may be a more convenient way to get access to Algos for processing and running applications, especially since auctions are only held regularly.