The token is launched at an early stage to accelerate development by incentivizing contributions. At a later stage, it will be the medium of payment in a decentralized Financial Services Marketplace.
The token is the incentive for participants to develop, deploy, and bootstrap a decentralized financial services network. It is the backbone of the collective business. It is the element that aligns all interests towards the long-term vision. Everyone in the collective — the project, the Core Team, and the Community — works under the same incentive structure while chasing their personal ambitions at the same time.
The project will issue a maximum of 1.5 billion tokens in total. Issuing happens at yearly events. We allocate 128 million for 2018, the year the project formally started, and there will be a halving event every 6 years. The first halving will be in 2024. By then, 51.2% of the tokens will have been issued. Upon issuing, tokens go to the project's treasury to incentivize the contributions of the year.
The Core Team assigns an arbitrary percentage of the year's budget to each software release for distribution among contributors. The Team determines the distribution arbitrarily, consulting with top contributors to estimate the value of each contribution. Contributions come in all shapes and forms, so no algorithmic distribution is possible. A part of the yearly budget may remain in the treasury if needed.
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.
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 the 2018-2020 period will be distributed among the people that contributed during those periods, including the Core Team.