Vote for the next governance proposal: Altmarkets.io, IDEX & Binance Cloud

Vote for the next governance proposal: Altmarkets.io, IDEX & Binance Cloud

Blog»Vote for the next governance proposal: Altmarkets.io, IDEX & Binance Cloud

cover

Yingdan Liang

2021-01-22 · 4 min read

announcement

We are excited to launch the 4th Hummingbot governance proposal!

Votes for this current proposal will be based on Hummingbot Miner rewards, giving the ability to vote to community members who have been participating in and supporting currently active Hummingbot liquidity mining campaigns.

Proposal #4

Which of the following community-developed exchange connectors should be included into the core Hummingbot code base in the release v0.37.0?

☐ Altmarkets.io

☐ IDEX

☐ Binance Cloud

Similar to our previous governance votes, the Hummingbot core team will review, test, and incorporate the exchange connector for the winning exchange into our core code base, which will become an officially supported connector.

Voting Methodology

  • Votes per miner: the total votes each miner has is based on the total amount of mining rewards they have earned in the most recent weekly reward period. For example, a miner who earned $100 in the rewards period will have 100 votes.

  • Miner reward period: for the current proposal, the rewards period used to calculate total miner votes will be the most recently completed period: January 26, 2021 12:00 AM UTC to February 1, 2021 11:59 PM UTC

  • Reward amounts will be rounded up to the nearest whole vote: a miner who earned 0.01 of rewards is still entitled to 1 full vote, while a miner who earned 1.01 will have 2 votes, and so on. This allows for any miner who has earned any amount of rewards to have a minimum of 1 vote.

Timetable

  • January 26, 2021 12:00 AM UTC to February 1, 2021 11:59 PM UTC: rewards period referenced for determining miner vote amounts

  • February 2, 2021: voting is opened

  • February 8, 2021 11:59 PM UTC: votes are tallied and outcome determined

  • v0.37.0 release time: Early March

The Candidates

Below are the three exchange connectors that you can vote for:

Altmarkets.io

Altmarkets is a centralized cryptocurrency exchange that was established in 2018 and is located in the United Kingdom. There are 51 coins and 68 trading pairs on the exchange.

Current status

https://github.com/CoinAlpha/hummingbot/pull/2442

The Altmarkets.io connector was developed by one of our active community members, TheHoliestRoger, who has been an active contributor to the Hummingbot codebase and has committed to helping maintain the connector.

IDEX

IDEX is the first Ethereum based decentralized smart contract exchange to support real-time trading and high transaction throughput. IDEX takes a hybrid approach, combining an off-chain matching engine with a layer 2 smart contract settlement system for custody and asset transfers.

Current status

The IDEX team has developed a connector, which is ready to be merged into our core code base.

Binance Cloud

Binance Cloud is an all-in-one solution for partners to launch digital asset exchanges quickly. Leveraging Binance’s technology, security and liquidity, Binance Cloud provides the exchange infrastructure, while enabling partners to focus on business development and operations.

Currently, we have below two community-built Binance Cloud-powered exchange connectors that are ready to be included in the next release -

Mandala (powered by Binance Cloud)

Mandala is a centralized exchange with 250+ digital assets, creating 950+ trading pairs with deep levels of liquidity on every orderbook and competitive trading fees as low as 0.05%. The Mandala exchange, powered by Binance Cloud, enables our users to experience better trading depth, security and transaction speed. Register to trade with confidence on a world-class matching engine with the largest liquidity pool in the world.

Current status

https://github.com/CoinAlpha/hummingbot/pull/2845

The Mandala team has developed a Hummingbot connector, which is ready to be merged into our core code base.

Tokocrypto (powered by Binance Cloud)

Tokocrypto is Indonesia's no. 1 most trusted crypto-assets digital exchange and is the first entity in Indonesia to be registered under the Trade and Futures Exchange Ministry (BAPPEBTI).

Formed by a group of crypto enthusiasts who are strong advocates of the benefits of blockchain technology, Tokocrypto's goal is to bring a much needed change to the financial system in Indonesia through the widespread adoption of blockchain technology.

Established in late 2017, Tokocrypto recently joined hands with Binance, the world's largest cryptocurrency exchange and upgraded its platform to Tokocrypto v2.0 powered by Binance Cloud. With the latest technology and security, Tokocrypto's users are able to embark on their alternative finance journey in an efficient, transparent, and scalable manner.

Current status

The Tokocrypto team has developed a Hummingbot connector, which is ready to be merged into our core code base.


🏦 Contact partnerships@hummingbot.io if you’d like to bring Hummingbot and liquidity mining to your exchange!

Related Posts

Hummingbot closes $8 million Series A round led by Initialized Capital

Hummingbot closes $8 million Series A round led by Initialized Capital

Liquidity Mining: May recap

Liquidity Mining: May recap

Launching DIVI liquidity mining campaign

Launching DIVI liquidity mining campaign

About Hummingbot

Who we are and why we are building Hummingbot.

Learn more

  • Hummingbot

    Home
  • Liquidity Mining

  • Company

  • Community

  • Legal

  • © 2021 CoinAlpha, Inc.

    Get Newsletter