We are excited to announce that a NEW liquidity mining campaign for COTI will be launching on July 21, 2020 12:00am UTC! Soon both COTI and Hummingbot communities will be able to share a USDC 9,000 reward pool by participating in market making for the COTI token.
In this post, we are going to introduce COTI to the Hummingbot community and give both the Hummingbot and COTI communities an overview of the upcoming campaign.
COTI is a fully encompassing “finance on the blockchain” ecosystem that is designed specifically to meet the challenges of traditional finance (fees, latency, global inclusion and risk) by introducing a new type of DAG based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and is optimized for real time payments. The ecosystem includes a DAG based Blockchain, a Proof of Trust Consensus Algorithm, a multiDAG a Global Trust System, a Universal Payment Solution, a Payment Gateway, as well as consumer (COTI Pay) and merchant (COTI Pay Business) applications.
Liquidity mining rewards users for providing liquidity for specific token pairs. Participants earn rewards by placing maker orders in COTI tokens and adding to its order book depth. We aim to create a fair, open and transparent liquidity mining system for both participants and token projects. The way liquidity mining rewards are calculated is aligned with the risks participants take. Participants and token projects will be able to see the real-time data from our carefully designed dashboard.
COTI’s upcoming liquidity mining campaign will allow members of both the COTI and Hummingbot communities to participate in market making for COTI tokens¹. By participating, members of the COTI community can also support their favorite project while earning rewards.
Start date: July 21, 2020 12:00am UTC
Total reward pool: USDC 750 per week (total of USDC 9,000 over 12 weeks)
Eligible token pairs: COTI/BTC, COTI/USDT, and COTI/BNB
Eligible orders: maker orders placed with spreads of 2% or lower
For full terms of the campaign, please see liquidity mining campaign terms.
To learn more about liquidity mining, see below:
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.
The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.
No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining returns are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.
Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the.
Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.