Hummingbot Miner FIRO/BTC & FIRO/BUSD campaigns extension by tincho

Goal: 6600 FIRO ($11616.0) CFC
Proposal Completed

Why?

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:

  • 700+ unique users participated in FIRO campaigns
  • users' provided liquidity through out any given day averages $30k USD
  • users' generate $60k+ of daily traded volume in average (5.6% of total traded volume on Binance for FIRO's pairs)

How much?

  • FIRO/BUSD Reward pool: 200 FIRO/week
  • FIRO/BTC Reward pool: 200 FIRO/week
  • Platform fee: 150 FIRO/week Proposed campaign extension: 12 weeks Total FIRO needed: 6,600 FIRO

What?

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

Milestones?

  • Campaigns launch (March 7th, 2023 00UTC)
  • Receive total funding no later than March 13th, 2023
  • Campaigns end (May 29, 2023 23:59 UTC)

Outcomes?

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.

Why you?

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.

Events
  • Proposal created 2023-03-02 13:31
  • Discourse topic posted 2023-03-02 13:31
  • Category changed from 'Miscellaneous' to 'CFC' 2023-03-07 10:42
  • Status changed from 'idea' to 'Funding Required' 2023-03-11 14:27
  • Donation address generated 2023-03-11 14:27
  • Payment of 776.0 FIRO sent 2023-03-11 14:47
  • Payment of 2424.0 FIRO sent 2023-04-10 16:46
  • Payment of 3400.0 FIRO sent 2023-05-22 05:37
  • Status changed from 'WIP' to 'Completed' 2023-05-22 05:38
Meta
firo
This proposal is completed. See the forum discussion thread for more information.
Transactions

  • Amount: 3400.0 FIRO
  • TXID: b6291eb8b43e4e85af155bcb133613efbca4ef9b323761acf6451ec35ab09e6d
  • Date: 2023-05-22 05:37

  • Amount: 2424.0 FIRO
  • TXID: 7a2df3f83556aedff89ddcc0c9c8543972fa72ca208e972d63f1e0b28be8578e
  • Date: 2023-04-10 16:46

  • Amount: 776.0 FIRO
  • TXID: fec9f8dea5ae8be9b9f03718beccd1475cd0397a37467ad8fafca14843240ea5
  • Date: 2023-03-11 14:47

  • Amount: 6600.0 FIRO
  • TXID: cfd67a0a753bcc13dc5638da4551e5270e34bf51c4aa13aee700f86bccd1f2f0
  • Blockheight: 640196
  • Confirmations: 253565