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

Goal: 10800 FIRO ($19116.0) 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:

  • 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.

Events
  • Proposal created 2023-05-30 21:18
  • Discourse topic posted 2023-05-30 21:18
  • Status changed from 'idea' to 'Funding Required' 2023-06-02 08:17
  • Donation address generated 2023-06-02 08:17
  • Payment of 10800.0 FIRO sent 2023-06-07 09:21
  • Status changed from 'WIP' to 'Completed' 2023-08-22 06:53
Meta
firo
This proposal is completed. See the forum discussion thread for more information.
Transactions

  • Amount: 10800.0 FIRO
  • TXID: befde7a212f1130240ddb2c4f9840089fdaf1e59038a8d0c3ca5a9f182164b35
  • Date: 2023-06-07 09:21

  • Amount: 10800.0 FIRO
  • TXID: 8f918ee72bf687b17978ef8b66ab3bb92def1979fe4da919c0d431e76e753af1
  • Blockheight: 690476
  • Confirmations: 203266