Superalgos, an open-source, community-owned trading intelligence project, this week launched its free platform for designing, testing, and deploying crypto trading bots. It comes after four years in development with tens of thousands of downloads during the open beta phase as the community builds up liquidity pools for its native Superalgos token on PancakeSwap (trading under the ticker $SA).
Equipped with a visual strategy designer and debugger, integrated data-mining and charting system, multi-exchange, multi-market, and multi-machine execution, AI model optimization, and TradingView integration, the platform enables scalable operations starting from a single Raspberry Pi deployment to industrial-grade trading farms. Superalgos pairs technology with a talent acquisition model incentivized with the native token. The company said a strong position in the trading bots category in Github generates an inflow of talented algo traders with talents in development, data science, AI, hardware tech, and operating system administration.
The community uses the token to incentivize contributions that add value to the common good such as code, strategies, AI models, processed data, and general business and project development activities. Contributors get token rewards, aligning community-wide interests towards a common goal of growing the network.
“We’re building a whaler fleet to hunt whales in crypto markets,” said Julian Molina, co-founder and marketing lead of Superalgos. “The project is like a naval academy with its own shipyard. The community builds the tools and puts top crews together to go out hunting.
“You can’t expect to be successful when you have to do the work of the captain, the deck officer, the seamen, and be the top-shot harpoon sniper at the same time. Instead, you collaborate to work the markets together.”
In 2022, Superalgos said it expects crypto users will be able to copy the trades of top teams in the community using free social trading apps and leveraging free trading signals disseminated over a censorship-resistant permissionless peer-to-peer network.
“It’ll be like a decentralized WallStreetBets,” said Superalgos co-founder and lead developer Luis Molina. “It took several weeks for a Reddit crowd to coordinate to take a position in GameStop. Everything was going well until someone decided to pull the plug, acting against users’ interests.
“Replace manual trading with automation, and Robinhood with the Superalgos Network. In a matter of minutes, millions of crypto users will be able to coordinate to take positions, with no intermediaries, pseudonymously, over a P2P network with no plugs to pull.”