COTI is Now Available on HummingBot: a New Source of Liquidity for COTI Coin
Hummingbot — Liquidity Mining is a community-based, data-driven approach to market-making, in which a token issuer or exchange can reward a pool of miners to provide liquidity for a specified token.
The bot is open-source and allows anyone to automate their trading and run market-making strategies. By simply specifying parameters without having to think through the technical implementation, users can now have access to the market-making world. Users can also track their earnings every minute of every day and the system is non-custodial, which means no one has access to your tokens.
By allowing community members to run Hummingbot, COTI is adding a new source of liquidity to the coin, and granting COTI coin holders the opportunity to be rewarded for it.
Thus, Hummingbot users who choose to participate in Liquidity Mining can earn token rewards for providing liquidity to certain trading pairs.
About the COTI liquidity mining campaign on Hummingbot:
- The campaign will kick off on July 21st, 2020 at 12:00 pm UTC.
- A reward pool of 9,000 USDC (750 USDC per week over 12 weeks) will be shared among all the campaign participants.
- The eligible token pairs are: COTI/BTC, COTI/USDT, and COTI/BNB.
- Eligible orders: maker orders placed with spreads of 2% or lower
- Available exchange for the campaign: binance.com
- Payment token: USDC
Liquidity Mining Rewards:
A total of 750 USDC per week, equally distributed across different token pairs (total: 3,000 USDC for every 4 weeks):
- COTI/BTC: 250 USDC/week
- COTI/USDT: 250 USDC/week
- COTI/BNB: 250 USDC/week
For technical support, please contact the Hummingbot team directly on their Discord channel: discord.hummingbot.io
Watch the recorded session of Hummingbot team explaining to COTI community how the Liquidity Mining campaign works:
For all of our updates and to join the conversation, be sure to check out our channels:
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf