The purpose of this exchange is NOT to list tokens for other issuers. We intend to tokenize trading Bots or EAs, so that every Bot or EA will have its unique ERC20 token. The proceeds from the sale of this particular token will be placed in a segregated account that trades the Bot's/EA strategy. Half of the profits that are generated from this Bot will be used to buy back the token at (a higher price than the issuance) on our exchange on a weekly/monthly basis. Also where applicable a, 10% of the profits will be paid to the developer as royalties/licensing.
About the Token Pricing and Buy Backs:
Algo Dex Exchange will publish the NAV (net assets value/per token) every Friday, after the London close, the Book Value of each token that trades on Algo Dex.
The calculation is as follow:
Token is IEO at $0.01 or .000077 ETH
All expenses like Dev. Royalties will be deducted from the gross profit. 50% of the profits generated from the Bots or EAs will be added to the price of the Token.The new price will be the Book value of the Token for that week, and it will be reflected on the exchange. And the buy back will start at that price.
1. You identify a Bot or a Forex EA (or as many Bots/EAs as you want). Then buy the token that invests in this particular Bot/EA. Half of the profits that are generated from this Bot/EA will be used to buy back the token at a price higher than the issuance price after developers' royalties.
2. You buy the Algo Hedge Fund Token. This is a diversified token that invests in many Bots and EAs. Half of the profits that are generate from the group of Bots and the EAs will be used to buy back the token at a higher price than the issuance price after developers' royalties.
Contract Address: 0x04CA9C75BAa1bC961c552Eb19DFB425CF7e3DeBc
This EA Trades EUR/USD, USD/JPY, GBP/USD on the 1 Hour time frame. The past performance for the past 3 years 387.75% or 129.25% per year