Executive Summary: 

The AL provides access to Algotradingsystems. The Algotradingsystem was developed by a team of traders and IT specialists. The latest developments in KI become more and more important in the ongoing development. With the creation of AL, the trading algorithms will be made available to a larger group of interested parties. The goal of the AL is to create an ecosystem that is widely accepted. 

The AL reflects an ecosystem of algorithms that calculate and implement tradingstrategies in various financial markets. In contrast to portfolio management, the AL offers participation in an index (ALXX© AlgoLabIndex) that reflects the results of these algorithms. The success of the algorithms is reflected in the performance of the AL and the distributionrights of new ALs. As the development of the intrinsic value of the AL is referenced to the trading index, no bank, broker or backoffice is required to reflect the development of the algorithms. The implementation of the algorithms and the associated market, personal and higher violence risks are thus avoided. The cost of setting up an infrastructure is eliminated, saving enormous resources that can be invested elsewhere in the development of the algorithms. 

The AL reflects the developement of the ALXX© (AlgoLab Index) – a bundle of algorithms and financial markets. The AL is dirctly linked to the performance of the ALXX© (AlgoLab Index). The issue of new ALs is defined by the positive development of the AL index. This ensures that the AL is not affected by irregularities in the existing markets. The AL receives a freedom and independence potential, which is advantageous for the holders of the AL. 

The ALXX© (AlgoLab Index) 

The provider of the index data is the community of AL coin owners. The AL Index is published monthly on the website: www.algolab.at and www.wengler.capital. The Index is composed of weighted markets like
Stock Indices, FX, Commodities and Precious metals. 

The AL holders 

The AL is divided between the founders, developers and interested parties. The positive development of the ALXX© will be distributed to the interested parties in proportion to the success of the development team. 

The AL Volume 

The ALs will be limited to 1,000,000,000 AL tokens. The ICC (Initial Coin Creation) will be 100,000,000 AL tokens. The difference of 900,000,000 Token will be reissued based on quaterly results. 

The AL Transfers 

The transfer to the various wallets takes place 4 times per year, each time at the beginning of a new quarter. Each positive development within a billing period reduces the amount of unissued ALs. When the maximum AL balance of 1 billion ALs is reached, no more ALs can be issued. In order to compress the issue period of ALs (time compression), the calculation period of the AL Index can be reduced to one month. 

The Result Determination 

The development of the ALXX© is calculated monthly and published on the website www.AlgoLab.at. Based on the results, new ALs are issued to the holders on a pro rata basis after deduction of the development team's performance fee. At the end of each month, holders will receive new ALs if the performance is positive. The number of ALS depends on the development of the ALXX©. If it is positive, the holders will receive new ALs pro rata. If the performance is negative, the AL holders will receive nothing. The number of ALs will also not decrease. 

The Partnerships 

As the AL is based on the BNB Smartchain, the reference currency is BNB. If this is not the case and the used blockchain will be Ethereum, the reference currency is Ether. 

The Reference Price 

The initial price of the ICO will be referenced to the development of ALXX© in the past. The result of a 10-year performance is discounted to the issue date. The value multiplied with the number of issued ALs gives the intrinsic value of all ALs and the project. This is the theoretical intrinsic value of the AL. The reference price for the first price fixing will be determined when issued. 

Future Offerings, trading and pricing of ALs 

After the IAD (Initial Air Drop), a listing on a DEX (decentralized exchange) and a trading platform (or more than one) will be sought. On these exchange platforms existing or newly issued ALs can be exchanged. The price of ALs will be determined by the free forces of the market resulting from the supply and demand of ALs. The price of ALs is determined by the supply and demand for ALs and not by the intrinsic value determined by the development of the trading index. 

AL Distribution 

The IAD (Initial Air Drop) is made by the developers of the AL to anyone who is interested in den AL Project for free. In the future the ALs can be exchanged pier to pier or on trading platforms and DEXs (Decentralized Exchanges) by new interested parties. When the listing will take place is not determined yet. As the volume of ALs made available only increases with positive results, the AL stock is increased with new ALs resulting from the positive periodic results until the maximum volume of 1 billion ALs is reached. This increase in the volume of ALs benefits only the holders. The extrinsic value - the price that the community is willing to pay - can deviate significantly from the intrinsic value, both positively and negatively. If the interest in ALs exceeds the intrinsic value, the price of ALs will rise more than the intrinsic value, and vice versa. Once – and even if – the ALwill be quoted on a stockexchange, the AL must be listed on a DEX. The financing of the liquidity is done by the founder(s) and is compensated by an allocation of ALs. The basic requirement of the AL to be listed on any exchange is the compliance to the law of the jurisdiction of the country of issuance. When this will happen is not yet defined and will be published when applicable in the future. 

The Team 

The founding team consists of specialists in trading and IT. The professional background is characterized by a strong connection to the international capital markets and the global orientation of the professional history corresponds to the idea of free capital markets. The creation of AL offers the AL community a unique opportunity to participate in the rapid and incredible development of algorithms and artificial intelligence in the world's financial markets. 

Definitions: 

Intrinsic Value: 
Ato = intrinsic index value at time to 
At+1 = intrinsic index value at time t+1 
Index appreciation = Ato x (1 + (It+1 - Ito))/Ito 

The holders of ALs are compensated with new ALs according to the periodically calculated increase in value. The number of existing ALs cannot be reduced. 

Number of newly created ALs: 

AL tot tn = Sum of all ALs at time tn 
AL tot tn+1 = Sum of all ALs at time tn+1 
ALnew tn+1 = Sum of all new ALs at time tn+1 
AL new tn+1 = Sum of ALs tn x % Index appreciation 
AL total tn+1 = AL total tn + AL new t+1