Launching Algorand liquidity mining campaign on KuCoin

Launching Algorand liquidity mining campaign on KuCoin

Blog»Launching Algorand liquidity mining campaign on KuCoin

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Yingdan Liang

2021-01-28 · 3 min read

announcement

ALGO is no stranger to Hummingbot liquidity miners. It has been running the liquidity mining campaign on Binance since October last year (for campaign details, see here).

Now, the ALGO liquidity mining campaign is coming to KuCoin! A new 10-week liquidity mining campaign for ALGO will be launched on Kucoin on February 2, 2021 12:00 AM UTC. The campaign will offer a reward pool totalling US$12,500 in USDT ASA and USDC ASA tokens to liquidity miners who improve liquidity for ALGO on Kucoin.

The growing gas cost has been such a pain for Ethereum-based ERC20 payments. Use of the Algorand blockchain for stablecoin payments now provides an efficient and cost-effective alternative. This campaign’s payouts will be in a combination of both USDC ASA and USDT ASA tokens, which have been supported on many major exchanges and will also be supported on KuCoin starting from February 1.

Campaign Terms²

  • Start date: February 2, 2021 12:00 am UTC

  • Total reward pool²: USDT ASA and USDC ASA tokens with a current value of approximately US 1,250 per week (total of 12,500 over 10 weeks)

  • Eligible token pairs: ALGO/BTC, ALGO/USDT

    • ALGO/BTC:312.5 USDT ASA / week + 312.5 USDC ASA / week

    • ALGO/USDT:312.5 USDT ASA / week + 312.5 USDC ASA / week

  • Eligible orders: Maker orders placed with spreads of 2% or lower

  • Exchange: kucoin.com


*For full terms of the campaign, please see liquidity mining campaign terms.

More resources:


Important notes and disclaimers

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.

  1. Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.

  2. 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.

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