FIRO has been sponsoring Hummingbot Miner campaigns for the last 2 years to help improve its liquidity on Binance by tapping into Miner's unique user base of pro traders and small market makers:
FIRO will continue to sponsor 2 campaigns on Hummingbot Miner for an additional 12 weeks. Each campaign will offer 200 FIRO per week in rewards for those users that provide liquidity inside the 2% spread on Binance, for the sponsored pairs (FIRO/BUSD and FIRO/BTC). Rewards are calculated based on 1 minute snapshots of the order book and paid out on a weekly basis. CoinAlpha (owner of HB Miner) will top-up FIRO rewards with an additional 5,000 HBOT tokens/week. Campaigns will run from March 7 00UTC to May 29 23:59UTC, 2023
Hummingbot Miner's users will continue to market make on Binance, for the 2 markets to be sponsored. Although CoinAlpha's cannot control the individual activities of their users, we expect to continue to see liquidity and traded volume in the same levels: around $30k+ of daily averaged liquidity and $60k+ of 24h average traded vol.
We are the creators of the only crowd-source liquidity platform and have been helping FIRO with its liquidity for over 2 years now, with great results. FIRO has become one of the platform's favorite campaigns, forming a base of loyal users.