SUPERALGOS TOKEN
Superalgos Shifts Token Distribution to Match the Calendar: One Distribution Event Per Month
Starting November 1st 2021, the project will distribute tokens every month to make work and rewards more fluid and predictable.
The Issuing Schedule mandates that there is an annual budget of 128M SA tokens until the first halving event in 2024. Until now, distribution events used to be attached to each release of the software. So far, each release was allocated an arbitrary fraction of the yearly budget determined by the perceived value the release was adding to the project.
The model worked well during the early days, as it was simple enough and there wasn’t much else to consider.
However, as the project and the collaboration grow, we need to move to a distribution schedule that is easier to track, understand, and communicate. The collaboration is growing, and we’re constantly adapting the organization to be able to scale.
From now on, instead of allocating an arbitrary fraction of the yearly budget to each release, the project will distribute up to 10M SA tokens per month, starting November 1st, 2021.
The choice of 10M tokens per month has to do with the fact that it is a nice, round approximation to the 128M tokens available per year. The 8M yearly surplus will remain in the treasury account for future consideration.
Notice that nothing changes in terms of Token Economics or the Issuing Schedule. This is purely an organizational evolution.
Also, notice that the project will not necessarily distribute 10M tokens per month. The 10M number is a monthly cap. That is, the project may distribute less than 10M tokens.
Remember that the allocation of rewards results from a complex web of claims and votes cast by the community through the governance system. It is common for certain reward pools to be left unclaimed, leaving a varying number of tokens on the table.
Next Distribution Event: November 1st, 2021
If you’ve been taking part or following the conversation in the Superalgos Token Telegram Group, you already know that the Token Distribution Superalgos plugin workspace has been dramatically simplified to make it easier to use. If you haven’t, please drop by and follow the pinned thread.
If you’ve contributed during October 2021, you’ve got until October 31st to set up your User Profile with the corresponding claims.
Game on!
