Announcing eight new pairs for AscendEX liquidity mining

Announcing eight new pairs for AscendEX liquidity mining

Blog»Announcing eight new pairs for AscendEX liquidity mining

newpairs

Yingdan Liang

2021-06-30 · 4 min read

announcement

The launch of liquidity mining (Beta) on AscendEX, our third supported exchange for Hummingbot Miner, has marked an important milestone for us. Since we launched it a little over one week ago, our miner community has set up and run more than 60 bots that traded US$3 million filled order volume. The open order volume (i.e. liquidity) peaked at US$74K and US$54K for the BTC pair and the ETH pair, respectively, and averaged at over US$40K per campaign. 

We are now excited to launch another eight eligible trading pairs for liquidity mining on AscendEX on July 6, 2021, at 12:00 AM UTC! The newly added pairs are shown below: 

ascendexnew

Beta period: note that this initial launch on AscendEX is a beta testing period, which will allow us to test out the infrastructure. Miners are still earning rewards as per usual campaigns. During this time, we will be collecting feedback from users and regularly updating miners and the community on system performance or any issues that may be encountered. 

Campaign Terms²

  • Start date: July 6, 2021, 12:00 AM UTC 

  • Eligible token pairs: See the above image

  • Eligible orders: maker orders placed with spreads of 1% or lower

  • Exchange: https://ascendex.com/ (Use this referral link to support the Hummingbot project!)

Campaign Update

The eligible spread for ETH/USDT campaign launched previously will be changed to 0.5% or lower starting July 6, 2021, 12:00 AM UTC. 

About AscendEX

AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.

To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.Ascendex.com


*For full terms of the campaign, please see liquidity mining campaign terms. To learn more about liquidity mining, see below:


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.


🏛 Token issuers: contact the team at partnerships@hummingbot.io to learn more about running liquidity mining campaigns on AscendEX, Binance.com, KuCoin, or to suggest the next exchange for us to integrate with!

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

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