Fostering the Rapid-Evolution of Algorithms through Ongoing Competition Cycles
Developers, traders and analysts, both professionals and amateurs alike, get together forming multidisciplinary Algo-MakersA subset of the Community counting professional and amateur traders, developers and analysts, organized in Teams, commited to create, develop, maintain and promote the evolution of Algorithms. Teams. Teams' goal is to train AlgorithmsRefers to trading algorithms; pieces of software automating trading Strategies. and have them compete in a wide array of CompetitionsRefers to trading competitions; events in which Algorithms and human traders compete to determine the top performers under a given set of rules.Learn more about Competitions..., both for fun, but also to win prize money.
Teams train Algorithms for a period of time (weeks) until the next Competition starts. During this time, they work in silos, in an attempt to develop new solutions or optimizations to the Algorithm's code, decision making or strategy, that will put them in the path to winning the next Competition.
During a Competition, the public can follow the event live and see how bots perform against each other. When a Competition finishes, prize money is allocated to the winners, but—most importantly—all participant's source code is opened.
This is a key feature of Competitions. By opening the code of participants, we effectively distribute newly acquired knowledge across the CommunityThe collaboration of an open and heterogeneous group participating in the Superalgos Project. A subset of the Community counts professional and amateur traders, developers and analysts, organized in Teams, referred to as "Algo-Makers".. At the same time, we level the playing field upwards for the next Competition round, so that: a. no team ever gets to dominate the scene; b. new entrants can start out with pretty good chances of being competitive or even winning; and c. the whole system starts out the new Competition round being smarter.
For the next training session, teams are likely to fork winners to start with a winning specimen, but they also study and adopt the traits and ideas that other participants performing well had implemented.
Repeating this pattern over and over produces a relentless evolution of AlgorithmsRefers to trading algorithms; pieces of software automating trading Strategies. and a systematic increase in collective performance through each competition cycle.
We foresee an early community gathering around early stage CompetitionsRefers to trading competitions; events in which Algorithms and human traders compete to determine the top performers under a given set of rules.Learn more about Competitions..., seeking moments of fun, fame, glory and—also—prize money.
These early stage Competitions are quite simple. They are stand alone events with an each against all format. The metric measured is ROI (Return on Investment). However, with time and as the number of participants grow, Competitions will diversify and grow in numbers.
Different competition formats, with different rules and metrics constitute instruments for incentivizing evolution along different lines. Put in other words, implementing Competitions with specific sets of rules and metrics can direct development to targeted areas of the trading space.
As Competitions attract crowds from different parts of the globe using different ExchangesA trading platform for crypto-assets. While Competitions, Algorithms and the Marketplace run on the Superalgos Network, the actual trading occurs directly at Exchanges., demand will grow for more Exchanges to connect to the platform and host their own Competitions to drive trading volume to their businesses.
Exchanges will therefore sponsor Competitions, attracting larger crowds with heftier prizes, incentivizing teams to grow in size and professionalize.
Competitions will steadily grow into a worldwide phenomenon, reaching newsworthiness status for mainstream media.
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. will organize official Competitions, and will also open up the technology for anyone to organize their own events. This mechanism adds a wide scope of diversification that allows the exploration of a wider space.
With this setup, we aim to grow our Community to the order of millions.
Evolution driven by competition is the mechanism the Superalgos Project chooses to produce the largest exploration of the trading space ever recorded, with the end goal of using the vast amount of data collected through hundreds of thousands of trading experiences to feed the learning engines of the ultimate superalgo.
Competition as a system is a proven driver of evolution, with plenty of evidence found in the natural world, sports and business, to name a few settings. As an evolving species, our drive to compete is programmed in our DNA.
From the perspective of humans participating in the project, competition has multiple built-in incentives that resonate with different kinds of personalities. We compete for the ludic and entertainment value, for the challenge, for fame and glory, to feel honor and pride, to measure our skills, to feel we are a part of the community, to drive the project forwards, or simply, to win.
However, from the perspective of Financial BeingsA perspective on Algorithms and other sort of bots (i.e. Indicators, Sensors, etc.) as autonomous agents with a financial life of their own, meaning that they live or die depending on their ability to produce value in the form of products (data) and services (trading), which they sell to obtain financial resources and guarantee their subsistence.Learn more about Financial Beings... running on the platform, their drive to compete is of an existential nature: they compete to evolve in order to survive and thrive, as failing means death and extinction.
Understanding the inner workings of 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... is not mired in considerations of just business or technology, but the pivotal notion of Financial LifeA type of artificial life in which agents are alive as long as they have enough money to pay for their expenses.—where the participation in the ecosystem evolves autonomous agents into becoming living stakeholders known as Financial BeingsA perspective on Algorithms and other sort of bots (i.e. Indicators, Sensors, etc.) as autonomous agents with a financial life of their own, meaning that they live or die depending on their ability to produce value in the form of products (data) and services (trading), which they sell to obtain financial resources and guarantee their subsistence.Learn more about Financial Beings....
This transformation of financial life occurs within the environment of the Superalgos PlatformThe suite of software and tech-infrastructure developed by the Superalgos Project that encompasses algorithmic trading tools and enables the hosting of Competitions and the Marketplace.More about the Superalgos Platform... connecting the ALGO TokenThe ALGO Token is the medium of exchange within the ALGO Ecosystem by which stakeholders transfer value in exchange for products or services. ALGO also represents a form of energy turning bots into beings with a financial life of their own. Learn more about the ALGO Token... to the autonomous agents as a form of energy essential to not just production, but the very center of their life sustainability.