## Why?

FIRO has been sponsoring [Hummingbot Miner](https://miner.hummingbot.io) 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](https://miner.hummingbot.io) 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.