Liquidity Bounty Program

Terms and Conditions

LAST REVISED ON: JUNE 20, 2019

Program Eligibility

In order to be eligible to participate in liquidity bounty programs, you must:

  1. register on through Hummingbot,
  2. use Hummingbot to transact in the tokens for the liquidity bounty program,
  3. enable data sharing, and
  4. comply with all of the Terms and Conditions outlined on this Site.

CoinAlpha and liquidity bounty program's sponsor (the "Sponsor") reserve to right to disqualify participants should they display attributes of misconduct, or for any other reason, at CoinAlpha and Sponsor's discretion.

Reward Verification for Amounts Exceeding $1,000

Additional verification and information may be required from users who are eligible for a rewards distribution in excess of $1,000 in each reward period. Any such users may be required to provide:

  • Read-only exchange API key (if applicable)
  • Certified copy of exchange account trading statement

Not Financial, Legal, or Tax Advice

The content of this Site does not constitute financial, investment, legal, or tax advice. You (the reader of this disclaimer, as well as any user of the Hummingbot software) are solely responsible for conducting any legal, accounting, or due diligence review before determining whether to download and use this open-source software and/or participate in any Bounty Programs. You should obtain investment and tax advice from the appropriate advisers before deciding to use Hummingbot or participate in any Bounty Programs.

None of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any securities, options, or other financial instruments or other assets, or to provide any investment advice or service. The information contained in this Site has been prepared without reference to any particular User’s jurisdiction or location, applicable regulatory authorities, or financial situation, or any other relevant factor that may affect whether a given User can use Hummingbot consistent with any relevant law.

Data Sharing

By participating in a Bounty Program, you are agreeing to sharing the following information with CoinAlpha and the Sponsor that is conducting the Bounty Program, and their respective affiliates:

  • Email address
  • IP address
  • Ethereum wallet address
  • Orders created: base currency, quote currency, fees, price, and size
  • Orders filled: base currency, quote currency, fees, price, and size
  • Exchange
  • Log entries for errors, notifications, and trade events
  • Client ID: a UUID generated by Hummingbot when first configured, which can also be manually entered by the User

When sharing data from Hummingbot, you are solely responsible for configuring what information you agree to share through the Hummingbot log configuration settings (please see example log templates).

Data Monitoring

It is the policy of CoinAlpha to monitor for and prohibit market manipulation and unlawful trading activities. Users are prohibited from using Hummingbot for purposes of market manipulation, including but not limited to wash trading, spoofing, pump-and-dump schemes or any other practices intended to mislead others by artificially affecting market activity.

In the course of providing the Services, CoinAlpha may monitor and detect “suspicious activity” in the form of potential market manipulation, including activity conducted by Hummingbot accounts that have opted-in to liquidity bounty programs and associated data collection. Based on any “suspicious activity" data, CoinAlpha may determine whether any additional steps are required, including reporting this activity to the Client, which may include the Sponsor or exchange(s). Throughout the process CoinAlpha may document when and how this monitoring is carried out and the rationale for handling the activity.

CoinAlpha reserves the right, at its sole discretion, to share user-provided information and analysis, and reports about potential market manipulation to the Sponsors. By participating in Bounty Programs, you consent to such sharing, acknowledge that it may have an impact on your accounts and activity, disclaim any potential liability against CoinAlpha or Hummingbot, and waive any potential claims against CoinAlpha or Hummingbot.

For additional terms related to the sharing and use of your data, please review the following:

Compensation Disclosure

CoinAlpha may receive compensation from Sponsors in exchange for providing Hummingbot-related software and services, including trading monitoring, bounty programs and technical advice, and technical support. CoinAlpha is not responsible for (and makes no guarantees about) possible bounty rewards or other payments to a given User; any such decisions and payments are made solely by and through the Sponsors.

No Guarantee of Profits

CoinAlpha makes no guarantees or claims that participation in the bounty program will be profitable, however measured, for the user. Users determine and set their own parameters for their software usage and possible trading and, relatedly, take on any and all associated risk, including short-term gain or loss, any tax consequences, or loss of funds. CoinAlpha makes no guarantees that use of Hummingbot will bring the user any form of profit or “reward,” including in the form of bounty, the volume of tokens, or the net value of user account as measured in fiat currencies or any cryptocurrency. By using this program, user affirms full responsibility for any consequences of Hummingbot-based trading.

Risk Warning

Cryptocurrencies and digital assets are subject to high market risk. CoinAlpha is not responsible for any direct, indirect or consequential losses as a result of your participation in this Liquidity Bounty Program. Please exercise caution before deciding whether to decision to participate and transact in tokens.

Legal Disclaimer

CoinAlpha makes no claim or endorsement as to the regulatory classification of any token, including tokens paid out in this Bounty Program. Before signing up for this program, users should check with appropriate advisers and authorities to ensure that receipt, purchase and/or sale of these tokens is consistent with the rules of their relevant legal jurisdiction.

Users are prohibited from utilizing Hummingbot to trade any tokens that they are prohibited from buying, selling, or trading by the rules of their local jurisdiction. By using Hummingbot and participating in any bounty program, users are acknowledging that they are allowed, consistent with any applicable laws and regulations, to use Hummingbot to buy, sell, trade, or receive as bounty any tokens they buy, sell, trade, or receive.

Hummingbot is open-source software available globally and CoinAlpha makes no assurances or representations about whether a given use of the software is permitted in their local jurisdiction -- or about the regulatory classification of any tokens used or traded with Hummingbot or on Hummingbot-linked exchanges. Users are responsible for consulting with their legal advisors. By downloading Hummingbot, users acknowledge that neither CoinAlpha nor any Hummingbot developers are responsible for any legal or economic consequences stemming from their use of the trading bot or bounty program participation.

Updating this Policy

CoinAlpha reserves the right, at its sole discretion, to update, modify, and/or make any changes to the terms of this policy, including in order to improve Services or comply with any applicable law, regulations, or orders.

Upon updating this policy, CoinAlpha will give notice to its Users on this page and possibly within the Software and/or - as far as technically and legally feasible - sending a notice to Users via any contact information available to CoinAlpha. Should the changes affect processing activities performed on the basis of user consent, CoinAlpha shall collect new consent from the user, where required.

It is strongly recommended to check this page often, referring to the date of the last modification listed at the top of this page.

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