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

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:

• 740+ unique users participated in FIRO campaigns
• users' provided liquidity through out any given day averages $36k USD
• users' generated 10.7% of total traded volume for the last 3 months

How much?

• FIRO/BUSD Reward pool: 300 FIRO/week
• FIRO/BTC Reward pool: 300 FIRO/week
• Platform fee: 300 FIRO/week Proposed campaign extension: 12 weeks Total FIRO needed: 10,800 FIRO

What?

FIRO will continue to sponsor 2 campaigns on Hummingbot Miner for an additional 12 weeks. Each campaign will offer 300 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.

Milestones?

• Campaigns launch (June 13th, 2023 00UTC)
• Receive total funding no later than June 13th, 2023
• Campaigns end (August 4th, 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.