Shariar Porosh Posted December 29, 2019 Share Posted December 29, 2019 AlgoDEX 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, 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 in the exchange. And the buy back will start at that price. _______________________________________________________ __ There are two different ways to participate in this venture _______________________________________ 1. You identify a Bot, (or as many Bots as you want). You then buy the token that invests in this particular Bot. Half of the profits that are generated from this Bot 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. Half of the profits that are generated from the group of Bots will be used to buy back the token at a higher price than the issuance price after developers' royalties. _________________________________________________________________ Visite- https://algodex.exchange/listing Quote Link to comment Share on other sites More sharing options...
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