The Superalgos (SA) token is a BEP20 token on Binance Smart Chain. It was launched in March 2021 to accelerate development by incentivizing contributions. You may earn tokens 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.
The token goes to users willing to contribute code, documentation, tutorials, or simply part of what they build with Superalgos, like indicators or trading systems. In the big scheme of things, 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 because its the element that aligns all interests towards the long-term vision. Everyone in the collective — the project, the Core Team, and the Community — benefit from the same incentives while chasing their personal ambitions at the same time.
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.
The Core Team assigns an arbitrary percentage of the year's budget to each software release for distribution among contributors. The percentage depends on the size, and perceived value of the release. The Team weights the value of each contribution subjectively, in consultation with top contributors. Contributions come in all shapes and forms, and project needs may vary, so no algorithmic distribution is possible. Contributing to the project is within reach for all types of skillsets! You may contribute code, educational material, or simply the indicators or trading systems you build with the system!
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.
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 each release are distributed among the people that contributed during those periods, including the Core Team.