Algot (ALGOT) is a DeFi token on the Binance Smart Chain (BSC), with an aim of bringing the power of machine learning and artificial intelligence to the people. Algot will be the central currency and used as fuel on the entire Algot Platform. Algot tokens will be burnt to deploy, run, backtest, and share algorithmic trading strategies on the platform.

The primary feature of the Algot Platform is the ability to use algorithms to manage your portfolio, being able to buy and sell tokens on the Binance Smart Chain while optimizing profits for a specified level of user risk tolerance. These algorithms are referred to as a Togal — an anagram of Algot. Togals can use various pieces of data such as price signals (made available by BogTools) in order to make predictions according to the specified machine learning portfolio balancing models. Other data available include volume, trading measurements (such as RSI, Bollinger Bands, etc.), as well as almost any other piece of offchain data (such as GitHub activity )— through the use of 3rd party oracles.

Upon launch, there will be three Togals, for three different levels of risk appetite.

At Algot, we don’t claim to be the world’s greatest traders. That’s why the Algot Platform will allow custom togals to be created, allowing users to construct their own strategies using predefined machine-learning models and data sources. Available models include neural networks, support vector machines, random forests, among others. Ambitious users will even be able to implement their own machine-learning model entirely from scratch.

Fee sharing

When a user allows a Togal to manage their portfolio, they are essentially pooling their funds with everyone else utilizing the same strategies. A clear benefit is the minimization of fees, since they are spread across all users in the pool.

Profit distribution and innovation rewards

When a Togal is profitable, the profit is distributed back to the users in the following manner:

Deployment and usage fees

Users that create a custom strategy will be able to deploy their Togal to the platform, making it available for others to see and use. Every deployment will cost a small fee in the form of Algot Token.

Since advanced machine learning algorithms make use of enormous amounts of data and computing power, certain strategies will be more costly to run. On the platform, users will be able to see the running cost for each Togal, which takes the form of a percentage, representing the approximate proportion of the pool that must be burnt in order to keep up with running costs. Of the three initial Togals, the aggressive strategy has the highest running cost (0.3% per day).

At launch, there are 1,000,000 ALGOT tokens in existence, and this is the hard cap, no new ALGOT tokens will ever be released. There are no team tokens kept for the Algot team, and the liquidity is 100% locked. The total liquidity lock period is 3 months, and after this, the team will use no more than 2% of the total LP in order to fund development and marketing.

Reach the Algot team here:SocialsBuy — PancakeSwapTelegram — t.me/algotfinanceMedium —AlgotFinanceLP Lock Transaction — BSCscan.com