SUPERALGOS PROJECT
Superalgos Strikes Collaboration Deal With AscendEX!
AscendEX is the first partner exchange to promote the Superalgos Platform and grant preferential fees to our community!
A Natural Partnership
Superalgos is a natural partner for exchanges in more than one way:
- Our user base and community of algo traders are trading-volume generators by definition.
- Our free and open-source trading platform is a magnificent tool that helps investors improve their performance and trade more as a natural consequence of automation.
- Our community is always ready to help onboard new users! Particularly when a major market player decides to trust and back the project!
The deal is yet another example of perfect alignment of interests, with all parties — AscendEX, their clients, and Superalgos — winning big time!
Learn more about what the deal entails for AscendEX and their exiting clients on the Partner Exchanges page on the website, and check their announcement on the AscendEX Medium blog.
VIP 2 Trading Fees Tier for Superalgos Users
AscendEX is offering their VIP 2 tier (7.5 bip Maker, 8.5 bip Taker) for users who sign up with the Superalgos referral link that you may find on the pinned message of the new Superalgos in AscendEX Telegram group!
The group is available to all AscendEX users, where they will get exchange-specific support when needed.
A Note About the VIP 2 Tier
When you sign up using the referral link, you will see the VIP 0 tier next to “Cash trading VIP Level” under the Spot Trading Fees tab.
This sign reflects the level associated with the actual realized trading volume from your account, with the blue & teal boxes below displaying the numbers associated with said VIP level.
However, you will also see the “Eligible for Special Rate” banner right on top of the boxes showing the actual fees corresponding to the VIP 2 level, which are the fees you will effectively get!
If the special rate doesn’t show up immediately after sign up, please give it a while to update!
Our Press Release
Superalgos empowers AscendEX users with potent open-source trading automation tools
The #1 trading bots platform on GitHub grants traders a robust and flexible toolset for algorithmic trading, amping up AscendEX’s trading volume
Zurich, Switzerland, January 4th — Superalgos, an open-source community-owned trading intelligence project, announces its partnership with AscendEX, a leading cryptocurrency platform. Through the partnership, Superalgos will bring the exchange’s users its arsenal of trading automation tools, enabling them to deploy sophisticated automated trading systems. The Superalgos community, for its part, will enjoy more favorable trading fees under the referral program launched with the partnership.
Trading volume is a lifeline for exchanges, since trading fees represent their main source of revenue. Besides liquidity and security as their key selling points for prospective users, top exchanges are also geared up to offer robust APIs enabling effective trading automation. Algorithmic trading is now prevalent on crypto markets, where bots — trading algorithms — are estimated to account for almost 80 percent of the total trading volume. While allowing their operators to stay in the game 24/7 as well as trading in a multitude of markets simultaneously, bots also drive up the revenues for exchanges by maximizing the clients’ trading volume.
Superalgos helps AscendEX customers keep up with the market trends by granting them a sophisticated market analysis and trading automation toolset that enables them to build, test, and run advanced trading bots through a user-friendly visual interface. Developed as open-source software and ranked the #1 trading bots project on GitHub, the code powering the Superalgos solution is available for prospective users and security experts to review, which makes for an extra level of confidence.
The Superalgos platform is deployed on-premise for higher security, with no need to entrust API access credentials, strategies, funds, or personal information to a third party, avoiding counterparty risks. The platform is easy to scale up for both private and institutional investor needs, empowering them to run an unlimited number of bots on anything from a single Raspberry Pi to a full-fledged multi-machine trading farm.
As part of the collaboration, Superalgos set up a dedicated Telegram group that will work as the support center for AscendEX users looking to build their own bots. Superalgos community members, for their part, will be able to enjoy discounts on trading fees under AscendEX’s tiered VIP fee system.
“Bots are not the tomorrow of trading, they are very much a present reality,” says Luis Molina, Lead Developer and Co-Founder of Superalgos. “But many investors still see it as a prerogative of Wall Street funds, a process too advanced and mysterious for retail traders. The truth is that people still trading manually are falling behind, and operate at a great disadvantage. Our platform levels out the playing field, arming regular users with all they need to start building advanced bots for free. We are sure AscendEX clients will quickly up their investment game and build up a whole army of bots!”
“Bots help traders stay connected to the markets at any time while minding their own business and drive up the trading volume for exchanges,” says Julian Molina, Business Lead and Co-Founder of Superalgos. “This makes our partnership with AscendEX a perfect example of a triple win situation: AscendEX users get access to top automation tools, the exchange gets more trading volume, and our growing community gets to welcome new users. We’re sure this success will not be lost on the wider market, and more exchanges will follow suit.”
“By equipping our community with a leading open-source automation solution, the partnership between AscendEX & Superalgos is designed to improve the overall user experience and support acquisition efforts by offering advanced trading methods.” says Shane Molidor, Chief Revenue Officer of AscendEX.
About Superalgos
Founded in January 2018, Superalgos is an open-source, community-centric decentralized trading ecosystem building a token-incentivized open trading intelligence network. It comprises the Superalgos Platform released in November 2021, the Social Trading Apps currently under development, the Superalgos Network used to disseminate trading intelligence, and the infrastructure and intelligence members contribute. The project is run by an open community operating as a decentralized organization powered by its native token used to reward members for their contributions. For more information, visit https://superalgos.org/
About AscendEX
Founded in 2018 by veteran Wall Street quantitative traders, AscendEX is a Singapore-based platform for trading digital assets. The exchange is geared both retail and professional traders and offers its clients access to over 200 coin pairs, including the most popular cryptocurrencies and DeFi tokens. It also provides an array of other services such as coin staking, futures trading, and auctions. For more information, visit https://AscendEX.com/
