The table below summarizes the main properties of the Superalgos (SA) Token. The remaining sections on this page offer further details and information that explains the logic behind the decisions made so far.
WARNING: Always make sure you are interacting with the real Superalgos contract:
The Superalgos (SA) Token is distributed exclusively among contributors as an incentive. When you buy tokens, you are directly supporting the people working to bring you the best trading automation tools.
The community set up significant incentives via the governance system to encourage people to add liquidity to the existing pools or create new ones. Read the article to learn all about this opportunity, which is too a great way to help the project and contributors!
Learn everything about the Superalgos (SA) Token Demand Drivers including an analysis of the Market Cap Game, the roadmap, the governance and priority utilities, the lack of requirements to spend the token, and the Trading Intelligence Game.
Everyone in the collaboration earns tokens for their contributions. From project founders to the last user participating in governance, we are all contributors. We all share the same incentives and collective goal: to drive value to the Superalgos (SA) Token.
Superalgos features decentralized governance by which the community votes with reputation and token holdings to determine the direction of development and how to distribute incentives. Because broad participation is crucial, the sole act of engaging with governance earns you tokens. For instance, Community Building Programs grant you a token bonus. Voting is incentivized too, and you may also choose to participate in the Staking Program.
In a mature state, the Superalgos Network will channel a significant fraction of the world's trading volume. The right to influence the governance of the dominant trading intelligence network will become a precious commodity.
The tokens you earn when contributing to the project determine your reputation. You may leverage reputation to increase your Voting Power and your Priority Ranking getting signals! Reputation is not transferable, so the tokens you acquire by any other means (buying, swapping, borrowing, trading, etc.) do not carry a reputation value. Only addresses that received tokens directly from the Treasury Account grant you reputation in the governance system.
Superalgos is a community-centric project. We value the work of contributors above everything else. Contributors must protect the core values of the project, and thus, will always have a stronger voice in governance matters.
The token balance and reputation in the built-in wallet of the Superalgos Social Trading Apps determine a Priority Ranking: the order in which users get trading signals. This is not an artificial scheme: no arbitrary latency will be introduced. Distributing signals is a computational process that requires time and an ordered list of recipients. Superalgos will not require users to hold tokens but will prioritize top holders whenever a ranking is necessary.
In a mass-adoption scenario, successful algo traders may amass millions of followers. In that context, priority access to signals will be crucial for users. Latency in terms of time is irrelevant. What matters is the state of the order book.
A BEP20 token on the Binance Smart Chain, the Superalgos (SA) Token accelerates development by incentivizing contributions. You may earn tokens by contributing code, educational material, participating in governance, or simply by sharing what you build with the system!
The project issued 500 million tokens out of the 1.5 billion cap established. The full amount was transferred to the treasury account. The remaining billion tokens will be issued at a later stage, potentially on different blockchains. The project manages a yearly budget, as per the table below. 128 million tokens were allocated for 2018, the year the project formally started. The yearly budget will go through a halving event every 6 years. The first halving will be in 2024. By then, 51.2% of the tokens will have been distributed. The total supply will be distributed by 2050.
Superalgos distributes the token exclusively among contributors. The project does not sell tokens, not privately, nor publicly. Our development model does not require funding to enable work. Instead, we incentivize community members to contribute work and reward contributions with tokens. This model guarantees that every token in circulation is backed by value added to the project. In the early days, the project allocated a fraction of the yearly budget to each release of the software. Starting October 2021, there is one Distribution Event per month allocating up to 10M tokens.
The Superalgos Governance System was rolled out with the Beta 11 version of the platform in September 2021. With the new distributed governance, Superalgos (SA) Token holders determine how the project distributes the tokens allocated to each Distribution Event, deciding which programs get funded and how, and which contributors get what compensations for which contributions. To participate in governance, you must set up your User Profile within the app, link it to your governance address, and define how you intend to use the token power conferred by your token holdings.
We designed the issuing schedule to provide Superalgos with formidable early-stage incentivization power. The first halving comes in 2024, after our sixth birthday!
In the early days, the project distributed the Superalgos (SA) Token on a per-release basis, among contributors of each release. Starting October 2021, distribution happens on monthly events, favoring regularity. The distribution scheme addresses two crucial needs: it promotes a sound economy in which emission is backed by the value added to the project each month, and incentivizes contributions.