We are excited to announce a new liquidity mining campaign for Stratis that will start on November 24, 2020, 12:00 am UTC. The Stratis liquidity mining campaign will initially be distributing USDT rewards and may later transition to the new STRAX token over the 12 weeks. In this post, we are going to introduce the Stratis to the Hummingbot community and give both the Hummingbot and Stratis communities an overview of the upcoming campaign.
Stratis is a company that operates worldwide. Its strong, distributed team of blockchain developers, consultants, and marketing experts combines a solid corporate structure, for best business practices, with the flexibility required for rapid prototyping and deployment. Stratis is headquartered in the U.K. and incorporated as Stratis Group Ltd.
Stratis’ mission is to use its expertise to solve enterprise blockchain development and implementation on a global scale.
The Stratis cryptographic token fuels the Stratis Platform and acts as a value transfer vehicle in the Stratis marketplace.
Stratis is transitioning from its STRAT token to the new STRAX token that was listed on Binance on November 18, 2020. To swap your STRAT tokens to STRAX, please visit here.
At Hummingbot, our goal is to make algo trading easy and accessible. That’s why Stratis’ mission of making blockchain easy speaks to us. This mission alignment makes us very excited about the partnership and the upcoming liquidity mining campaign. By creating an open, fair, and transparent liquidity mining system, Hummingbot enables individual crypto traders to access algorithmic trading, bring liquidity to the token project, and earn rewards. The amount of liquidity mining rewards a miner receives correlates with the risks s/he takes. Liquidity mining will allow the newly issued STRAX holders to deploy their holdings and earn token rewards, as well as enable our trader community to explore market-making opportunities for STRAX.
Start date: November 24, 2020 12:00am UTC
Total reward pool*: USDT 15,000 for 12 weeks
Eligible token pairs: STRAX/BTC and STRAX/BUSD
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:
Hummingbot Miner’s app: current liquidity mining campaigns
Getting started with Hummingbot
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 yields 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 liquidity mining policy.
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.