Bitcoin borrowed the mining analogy from the mining industry as a way to convey the notion that securing the network requires significant investments of various resources, starting with the initial cost of the mining rig and infrastructure along with ongoing operational costs.
Entities willing to make such investments and provide such valuable service to the network would in turn be compensated with newly minted bitcoin.
It is in that same spirit that we invent our own concept of earning and keeping an ALGO Stream. The analogy describes how any person or company may help secure the success of the Superalgos Project, and obtain ALGO Tokens in reward, on a continuous basis.
In nature the water springs up in places that connect to the abundant water source, and forms streams that flow and promote life along their path.
We imagine the ALGO source as the source of energy in the ALGO EcosystemA self-sustainable and self-regulating network of economic relationships embodied by the activities of stakeholders of the Superalgos Project participating in a joint business. Learn more about the ALGO Ecosystem..., connecting to an entity that proves its willingness to reach out by contributing value. In return, the ecosystem offers a spring from which a stream of ALGO will flow.
The ALGO Stream is potentially endless and will last for as long as the contributor's pledges are honoured.
We wish to form lasting and mutually rewarding connections.
Like with bitcoin miners, earning an ALGO Stream requires an upfront investment, in our case, mostly of time and effort, along with an ongoing commitment of similar resources in the long run.
Beyond being the medium of exchange within the ecosystem and a form of energy enabling financial life, ALGO is also the backbone of the Superalgos ProjectAn open community together with its body of work, implementing a framework to enable a superior trading intelligence evolving within an open global collaboration of humans and machines, at the service of all people. incentives scheme.
People and companies working with the project, starting with the Core Team, the Dev Team and Team MembersPeople or companies working with the project assuming responsibility over a specific area of work as described in the Contributing and Join the Dev Team pages. Team Members earn ALGO Streams for their contributions and participate in the governance of the ALGO Token. as a whole are all incentivized with ALGO Streams, for as long as they keep adding value to the project.
The incentives scheme is designed to satisfy a fundamental requirement: keep key stakeholders incentivized throughout the life of the project, meaning both in the short term and in the long run.
ALGO Streams have two main features:
allocate a perpetual stream of tokens to a beneficiary ALGO address;
grant a number of votes in the governance of the ALGO Token.
The Standard Stream features a 100,000 ALGO allocation. It relates to the amount of tokens allocated in the first 2 years and is the base for the calculations for subsequent years.
A Size 1 ALGO Stream delivers the Standard Stream, that is, 100,000 ALGO during the first two years. Each increment in Size reflects a linear increment in the amount of ALGO delivered in the first two years.
For instance, a Size 2 ALGO Stream delivers 200,000 ALGO and a Size 50 ALGO Stream delivers 5 Million ALGO during the first two years.
In general, the yearly allocation is:
Stream for year n = Standard Stream * Size * 1.2 / ( n + 1)
The number of ALGO Tokens to be allocated during the period of one year as per the above formula are actually delivered on a daily basis, in equal daily payments throughout the year.