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The Superalgos (SA) Token

The Superalgos (SA) token is a BEP20 token on the Binance Smart Chain. It was launched in March 2021 to accelerate development by incentivizing contributions. You may earn tokens by contributing code, educational material, or simply by learning the system and sharing what you build with it! At a later stage, the token will be the medium of payment in a decentralized Financial Services Marketplace.

Incentives

We distribute the Superalgos (SA) token among the people that help develop the project. Guess what? We want you in! You came to Superalgos looking for tools that would help you improve your performance in the markets, and that's great! But what if we told you that — at the same time — you may participate in a much larger collective business? This community is on a mission to develop, deploy, and bootstrap a decentralized financial services network in which the token will be the medium of payment! No matter what type of skills you may bring to the table, you can start contributing right away!

Token Economics

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 platforms. 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.

Distribution

The Core Team assigns an arbitrary percentage of the year's budget to each software release according to its size and perceived value. The people that contributed to the project since the last release become the recipients of the tokens. At this early stage, the Team weights the value of each contribution subjectively. However, shortly, the distribution will be algorithmic. You may contribute to the project regardless of your skillset, as the project needs to grow on all fronts! You may contribute code, educational material, or simply the indicators and trading systems you build with Superalgos!

How to Configure the Superalgos Token in Trust Wallet

Trust Wallet is a mobile cryptocurrency wallet that supports — among other standards — BEP20 tokens. This is one of the wallets you may use to hold and transact with your Superalgos (SA) tokens.

 

Issuing Schedule

We designed the issuing schedule to provide the project with formidable incentivization power during the early stages. At this point, the pie is big and there are few contributors. There is no better time to get involved!

 

Browse the contract, the token tracker, and the treasury account on BscScan.

WARNING: Always make sure you are interacting with the real Superalgos contract:
0xfb981ed9a92377ca4d75d924b9ca06df163924fd

Token Flow Chart

The Lifecycle of the Token in the Upcoming Marketplace

The token will flow into the market through distribution events tied to releases of the technology infrastructure that enables the marketplace. Entities driving the development of the project will cash out their incentives on exchanges. The marketplace will feature multiple nested use cases, with several actors playing different roles.

Token Allocation Per Release

The project distributes the Superalgos (SA) Token on a per-release basis, among contributors of each release. The distribution scheme addresses two crucial needs: it promotes a sound economy in which emission is backed by the value added to the project with each release of the software, and incentivizes contributions.

  • OCT 2018
  • MVP
  • The Minimum Viable Product Delivered in Pre-alpha Stage


    Superalgos delivers a platform running bots in the cloud and on the browser, in live trading, competition and backtesting modes.
  • 84% of 2018 Budget
  • 107,520,000 SA
  • 20 Contributors
  • Announcement
  • AUG 2019
  • ALPHA
  • Advanced Backtesting, Multi-Strategy Live-Trading and Usability Improvements

    Superalgos improves on functionality, features and overall reliability.
  • 16% of 2018 + 64% of 2019
  • 102,400,000 SA
  • 28 Contributors
  • Announcement
  • DEC 2019
  • BETA 1
  • Laying Out the Foundations for Robust Data Mining


    Superalgos releases Beta including data processing capabilities, Telegram announcements and many improvements on the code base.
  • 32% of 2019 Budget
  • 40,960,000 SA
  • 9 Contributors
  • Announcement
  • DEC 2019
  • BETA 2
  • New Data Visualization and Productivity Tools


    Superalgos incorporates the tools required to visualize indicators’ data along with enhanced productivity tools.
  • 4% of 2019 Budget
  • 5,120,000 SA
  • 5 Contributors
  • Announcement
  • APR 2020
  • BETA 3
  • Opening to Multiple Exchanges and Multiple Markets, and a Major Infrastructure Upgrade

    Superalgos grows to work with top exchanges, unlimited markets, and powerful charting features.
  • 32% of 2020 Budget
  • 40,960,000 SA
  • 12 Contributors
  • Announcement
  • MAY 2020
  • BETA 4
  • Crypto-Trading Farms: Flexible and Scalable Trading Operations


    Superalgos enables distributing processes on multiple machines and implements webhooks for third-party systems integration.
  • 9% of 2020 Budget
  • 11,520,000 SA
  • 15 Contributors
  • Announcement
  • JUN 2020
  • BETA 5
  • New Open-Source Bitcoin Strategy, Support & Resistance Indicator, and Trades Snapshots!

    Superalgos Beta 5 comes packed with exciting new features and more open-source intelligence in the form of a new trading system and a new indicator.
  • 9% of 2020 Budget
  • 11,520,000 SA
  • 14 Contributors
  • Announcement
  • OCT 2020
  • BETA 6
  • Superalgos New Trading Execution Completes Advanced Crypto Trading Automation Tools

    Superalgos Beta 6 brings flexible execution algorithms paired with unprecedented access to the information handled by the trading bot.
  • 32% of 2020 Budget
  • 40,960,000 SA
  • 16 Contributors
  • Announcement
  • NOV 2020
  • BETA 7
  • Superalgos Becomes a Multi-Project Platform


    Superalgos Beta 7 delivers the infrastructure required for integrating blockchain and other crypto projects.
  • 9% of 2020 Budget
  • 11,520,000 SA
  • 7 Contributors
  • Announcement
  • JAN 2021
  • BETA 8
  • Building Crypto Trading Bots Becomes Easier with Superalgos Improved Feedback Loops

    Superalgos Beta 8 brings in-app documentation and optimized trading bot feedback, dramatically improving the experience of building, testing, and debugging strategies.
  • 9% of 2020 + 9% of 2021
  • 23,040,000 SA
  • 13 Contributors
  • Announcement
  • APR 2021
  • BETA 9
  • Superalgos Delivers Experimental Integration of TensorFlow

    The integration kick starts the platform’s Machine Learning era, leveraging the built-in data-mining capabilities and expanding the infrastructure.
  • 24% of 2021 Budget
  • 30,720,000 SA
  • 25 Contributors
  • Announcement

Contacting early contributors has proven to be challenging. Unclaimed tokens will remain in the treasury account until we manage to reach the rightful owners.


What Kind of Contributions?

Contributions may come in multiple forms. We define a contribution as the input of a Community member that adds value to the project and is conducive to developing, deploying, or bootstrapping the Financial Services Marketplace.

There is no definitive list of types of contributions. The project may choose what inputs to incentivize depending on the stage of development. As such, incentives are a moving target determined by strategic decisions.

At this early stage, everyone may contribute with whatever set of skills they may bring as the project is vast and needs development on all fronts. Read the Contribute to Superalgos page for current ideas, or propose your own!

A few examples are contributing code, removing bugs, integrating other projects, building indicators, sharing trading systems, creating tutorials and educational content, promoting the project, documenting, translating, etc.

If you haven't contributed yet, the easiest way to earn your first tokens is by doing the Contribute to Superalgos Tutorial in the Getting Started plugin workspace and submitting a review of the software. All contributions are subject to the terms of the Apache License 2.0.


What Does the Core Team Get?

We are contributors like everyone else and benefit from the same incentive structure as the rest of the Community. By design, there is a three-way alignment of interests between the project, the Core Team, and the Community.

We've been working relentlessly since mid-2017. We pushed fearlessly through the crypto-winter and emerged in the crypto-summer unscathed.

Not the pandemic nor the global economic meltdown have slowed us down, let alone stop us, as the current state of development shows.

Tokens allocated to each release are distributed among the people that contributed during those periods, including the Core Team.

We are a force to be reckoned with!


Governance

At this point, governance of the project is centralized with the Core Team and will remain that way at least until more parties get involved with a similar level of commitment.

Questions?

We probably left out information that you may consider valuable. If you have questions, please join the Community and start a conversation. We will make sure we compile all questions so that we may include the answers here.