We are excited to announce that a NEW liquidity mining campaign for NULS, a Top 100 token project, will be launching on July 14, 2020 12:00am UTC! Soon both NULS and Hummingbot communities will be able to share the largest weekly liquidity mining reward pool to date of USDC 2,000 by participating in providing liquidity for the NULS token.
In this post, we are going to introduce NULS to the Hummingbot community and give both the Hummingbot and NULS communities an overview of the upcoming campaign.
NULS is a microservices-driven blockchain project that uses the Proof of Credit (PoC) consensus mechanism (dPoS plus credit rating) to mine via staking. The NULS modular design features NULSTAR, a microservices-based framework reportedly enabling enterprise-grade blockchain solutions for smart contracts, private chains, public chains, dApps and NRC-20 tokenization. NULS 1.0 mainnet launched in July, 2018. The main product of NULS is Chain Factory, a chain-building tool that allows businesses to utilize the plug-and-play selection of modules from the NULS Module Repository including cross-chain consensus for asset value circulation within the NULS ecosystem.
Liquidity mining rewards users for providing liquidity for specific token pairs. Participants earn rewards by placing maker orders in NULS tokens and adding to order book depth. More rewards can be earned by placing orders more (1) consistently over time, (2) at tighter spreads, and (3) with larger order sizes. This creates a quantifiable, open and fair methodology for rewarding participants for their contributions to token liquidity.
NULS’s upcoming liquidity mining campaign will allow members of both the NULS and Hummingbot communities to participate in market making for NULS tokens¹. By participating, members of the NULS community can support their favorite project and its NULS token while earning rewards.
Start date: July 14, 2020 12:00am UTC
Total reward pool: USDC 2,000 per week (total of USDC 10,000 over 4 weeks)
Eligible token pairs: NULS/USDT, NULS/ETH, and NULS/BTC
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.