The main purpose of the Superalgos Network is to remove trust requirements by allowing all stakeholders to run their own instances of the Superalgos Platform.
Anyone may download the Superalgos Node and deploy it in their own server, becoming a Node Operator.
Node Operators may run the software for their own use or offer a hosted solution for users who chose to trust the operator (with their AlgorithmsRefers to trading algorithms; pieces of software automating trading Strategies.' code and / or ExchangesA trading platform for crypto-assets. While Competitions, Algorithms and the Marketplace run on the Superalgos Network, the actual trading occurs directly at Exchanges.' API Keys).
Superalgos Nodes work mostly on a stand-alone, independent basis in terms of their core activities, but may speak with each other to consume data and services from other nodes, and to relay relevant network information.
The data and services an Algorithm running in a node can consume from other nodes may be black-boxed (offered on an input / output basis, without revealing how the output is obtained) and sold for micro fees, payable in ALGO TokensThe 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 between Algorithms. The transactions may include indicator data, signals or any form of trading intelligence that lives distributed across the network.
The Superalgos OrganizationA not-for-profit organisation with the main purpose to promote the Superalgos Project. The Superalgos Organization is the legal entity representing the Superalgos Project and serving as the excecutive arm, with attributions in certain management tasks, public awareness and education. enters in contractual relationships with ExchangesA trading platform for crypto-assets. While Competitions, Algorithms and the Marketplace run on the Superalgos Network, the actual trading occurs directly at Exchanges. to ensure the best possible level of service to all parties involved 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....
The agreement with Exchanges extend to the implementation of a built-in incentives mechanism designed to encourage Node Operators and 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. to run their AlgorithmsRefers to trading algorithms; pieces of software automating trading Strategies. in the Superalgos Network instead of running them in any other possible way (stand alone, other platforms, etc.).
Under such contractual agreement, each Exchange runs a Superalgos Exchange Node, which creates a federation with all Superalgos NodesA software package containing the Superalgos Platform freely available for deployment on user's servers / computers.Learn more about the Superalgos Network... trading on the said Exchange.
Exchanges charge Transaction Fees on every trade, and usually offer discounts to clients trading substantial volumes.
The agreement provisions for all of the volume originating at federated nodes to be bundled and computed for additional discounts on top of the discounts each Exchange grants to individual accounts within the said Exchange.
In technical terms, federated nodes route their orders through the Exchange Node so that the Exchange may account for the volume coming from each node and to enable the Superalgos Organization to audit the said volume.
Then, additional discounts are automatically distributed back to Node Operators of federated nodes on a pro-rata basis of the volume contributed to the bundle. Node Operators may choose to pass on the benefit to the users of the node, as a means to promote the use of the said node.
Existing agreements confirm that, until the network's business evolves into a more mature state in which there will be real numbers to analyze, Exchanges may give back 50% of the gross profit generated from Transaction Fees, in the form of additional discounts.