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Frequently Asked Questions

Open Source, Ownership & Governance

Yes. Superalgos is a collaborative project open to all people.

Our code is available at GitHub for everyone to verify and audit. It is also available for the CommunityThe collaboration of a 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". to fork and innovate in a permissionless manner within the Superalgos NetworkA P2P Network consisting of Superalgos Nodes running both part of the Superalgos Platform and Algorithms.
Learn more about the Superalgos Network...
.

The project aims to decentralize the development and maintenance of the system into a worldwide network of development teams that may work in coordination with the Core Team or in an independent manner. In a similar fashion, the project welcomes contributions from people in fields such as collective intelligence, social psychology, game theory, artificial intelligence, governance, management, economy, communication, marketing, law and business.

All of this work is incentivized with the project's native crypto token, 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...
. In addition, ALGO is also used to incentivize Algo-MakersA subset of the Community counting professional and amateur traders, developers and analysts, organized in Teams, tasked with creating, developing, maintaining and promoting the evolution of financial beings. to participate in CompetitionsRefers to trading competitions ; events in which Algorithms and human traders compete to determine the top performers under certain rules.
Learn more about Competitions...
, awarding ALGO as prize money. Finally, the ALGO Token will be the medium of payment SubscribersIn the future, people, companies and institutions will be able to hire Asset Managers to trade on their behalf by subscribing to asset management services for a fee. will use to pay Asset ManagersAsset Managers are companies or individuals, and their services may vary in terms of sophistication according to the size of capitals they manage, usually involving investment advice and management. in the MarketplaceThe Trading Intelligence Marketplace, also referred to as the "Marketplace", will be a subset of the Superalgos Platform running on the Superalgos Network enabling users to hire trading intelligence in the form of Data Services, Trading Services and Asset Management Services.
Learn more about the Marketplace...
, and the channel to transfer the corresponding fees to Algo-Makers, who own the algo-rental business.

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. has a strong open source vocation and a commitment to a fully transparent and auditable operation.

In order to protect the people investing substantial time and effort building the ALGO Ecosystem, the Community if bound to the ConstitutionThe foundation of the Social Contracts with the Community by which all participants agree on the basic aspects of the collaboration.
Read the Superalgos Constitution...
, which prescribes that "...the single most important aspect of the Social Contract binding the people and companies participating in the Superalgos Project is that the ALGO Token shall be the sole medium of payment to be used in the network for the use cases that tie the Superalgos Network together"

Superalgos is a collective project owned collectively by the group of stakeholders adding value to the endeavor. At this early stage, the main stakeholders are:

  • The Community; formed by a heterogeneous group of people counting mainly developers, traders and analysts, self-organizing in teams, which form organically through spontaneous relationships.
  • Team Members; that is the group of people working in the following DomainsTeam Members work in specific domains, such as business, marketing, management or software development.: Development, Business, Marketing & Management. These two pages explain how to join the Development Team and how to join the Business, Marketing and Management Teams.

As the project advances, more stakeholders will get involved, as described in the Ecosystem page.

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. does not require a governance system, as it is based on permissionless innovation principles: anyone may add value to 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...
in whatever way.

The ConstitutionThe foundation of the Social Contracts with the Community by which all participants agree on the basic aspects of the collaboration.
Read the Superalgos Constitution...
explains that "Project stakeholders do not need to reach consensus on the direction of development or the kind of products and services that shall be offered within the ALGO Ecosystem, as the principles of permissionless innovation allow for different entities or groups of stakeholders to explore and develop solutions addressing their own interests by producing their own Distributions of the software."

On the other hand, 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...
does require governance. As per the mandates of the Constitution, during this initial phase of the project, the ALGO Token is governed by 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..

For further information, the ALGO Governance CharterThe foundations of the ALGO Economy providing guidance to the Governing Body on the expected ALGO Token issuing schedule and instruments.
Read the Guidance...
explains the macroeconomic aspects of the ALGO Economy and provides binding guidance to the Governing Body; the ALGO Governance CharterThe instrument that shall govern the issuance of ALGO Tokens.
Read the Charter...
details the implementation of the governance system.

Superalgos supports both open source and closed source AlgorithmsRefers to trading algorithms; pieces of software automating trading strategies., and provides the framework for Algo-MakersA subset of the Community counting professional and amateur traders, developers and analysts, organized in Teams, tasked with creating, developing, maintaining and promoting the evolution of financial beings. to be able to work in both modalities.

Algo-Makers may run their Algorithms in their own Superalgos NodeA software package containing the Superalgos Platform freely available for deployment on any server / computer.
Learn more about the Superalgos Network...
, not requiring disclosing the source code to any third party.

However, Algorithms brought forward to participate in CompetitionsRefers to trading competitions ; events in which Algorithms and human traders compete to determine the top performers under certain rules.
Learn more about Competitions...
, are open sourced with the express agreement of the Algo-Maker.

No.

Superalgos does not expect people to bring their AlgorithmsRefers to trading algorithms; pieces of software automating trading strategies. and make them open source to participate in our CompetitionsRefers to trading competitions ; events in which Algorithms and human traders compete to determine the top performers under certain rules.
Learn more about Competitions...
or the MarketplaceThe Trading Intelligence Marketplace, also referred to as the "Marketplace", will be a subset of the Superalgos Platform running on the Superalgos Network enabling users to hire trading intelligence in the form of Data Services, Trading Services and Asset Management Services.
Learn more about the Marketplace...
.

Instead, we encourage people to come together and build Algorithms in a cooperative fashion, most of the times starting off with Algorithms that already exist and are openly shared within the CommunityThe collaboration of a 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". for everyone to be able to improve on.

It actually is the other way round. You are not supposed to come in and share your Algorithms. The way it works is that you come in, and we share our algos with you. It is up to you if you wish to become a valuable member of the Community and start contributing your knowledge to improve on the Community's collective wisdom, or not.

Furthermore, the Superalgos NetworkA P2P Network consisting of Superalgos Nodes running both part of the Superalgos Platform and Algorithms.
Learn more about the Superalgos Network...
is designed to remove trust requirements and to allow entities to run their own Superalgos NodeA software package containing the Superalgos Platform freely available for deployment on any server / computer.
Learn more about the Superalgos Network...
, which enables running Algorithms without disclosing their source code or having to share them with anyone.

AlgorithmsRefers to trading algorithms; pieces of software automating trading strategies. participating in CompetitionsRefers to trading competitions ; events in which Algorithms and human traders compete to determine the top performers under certain rules.
Learn more about Competitions...
are the collective property of all the people involved in creating and improving the code of the Algorithm along the multiple iterations the Algorithm may have gone through.

Every time a Competition finishes, the crowd forks the best algos to try to improve them. Also, anyone at any point in time can choose to fork any bot that has participated in a Competition, and whose code has been opened.

The platform's genealogy / ancestry system will track forking events as they happen, and establish the lineage of each bot, including details on each of the Algo-MakerA subset of the Community counting professional and amateur traders, developers and analysts, organized in Teams, tasked with creating, developing, maintaining and promoting the evolution of financial beings. Teams that participated in training the Algorithm.

At this point in time this functionality is only at the analysis stage, thus will become available later on, as the platform evolves.

For Algorithms developed in times prior to the implementation of the genealogy features, we shall consider all active teams to be owners of all algorithms created.

Closed-source Algorithms running on independent Superalgos NodesA software package containing the Superalgos Platform freely available for deployment on any server / computer.
Learn more about the Superalgos Network...
are the property of their respective owners.