Today, we are very excited to announce the launch of Conflux liquidity mining campaign on Binance.com with a total reward pool worth of US$10,000! The campaign will start on April 6, 2021 12:00 AM UTC.
Conflux, as one of the very first regulatorily compliant blockchain projects in China, has just made its official debut on Binance.com with the ticker CFX. To introduce Conflux to the Hummingbot community, Mike Feng, Hummingbot’s CEO interviewed Fan Long, Conflux’s Co-founder in one of our latest Hummingbot Show to discuss some interesting topics about the origin of Conflux, and opportunities for Conflux and Defi.
We are now proud to be able to support Conflux’s BSC token listing with the upcoming CFX campaign. Previously, we have demonstrated liquidity mining’s ability to facilitate price discovery processes, improve tradeability and provide liquidity for new tokens. For HARD protocol’s Binance listing back in November 2020, our liquidity miners accounted for a US$38.5mm filled order volume through a brief 2-month campaign.
With Conflux’s strong presence in China, we are excited to be able to enhance our presence in the Greater China region by integrating liquidity mining into the CFX ecosystem, mutually benefiting both projects. We have successful experience launching liquidity mining for China-based major token issuers. Our liquidity miners accounted for a US$2.2mm filled order volume through a 4-week NULS liquidity mining campaign during the crypto winter.
In addition, this campaign will enable Conflux to gain broader recognition within the 11K trader-strong Hummingbot community across the globe. This initiative will also act as a catalyst for Conflux’s global expansion. Placing the Conflux project in front of thousands of international traders encourages them to provide the order book depth and contribute to the Conflux ecosystem while earning rewards to supplement their trading profits and losses.
Start date: April 6, 2021 12:00 AM UTC
Total reward pool*: USDT 1,250/week for 12 weeks
Reward token: USDT
Eligible pair: CFX/USDT
Eligible orders: maker orders placed with spreads of 2% or lower
Join the campaign: https://miner.hummingbot.io
Conflux Network is a public, permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Fast, scalable, and solidity compatible, with zero congestion and low fees, Conflux utilizes a unique Tree-Graph consensus mechanism that optimizes for security, scalability and decentralization.
Headquartered in Beijing China, Conflux has expanded its global operations with a diverse distributed team across four continents, and additional offices in Toronto, Canada and Lagos, Nigeria.
*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.