Announcing AscendEx liquidity mining (Beta) with the biggest reward pool
This blog was originally posted on the Hummingbot blog on June 18, 2021.
We are super excited to announce the official launch of liquidity mining on AscendEx (previously known as BitMax) with the BIGGEST ever reward pool of USDT 200,000!
We will be launching new liquidity mining campaigns (Beta) on AscendEx with a total reward pool of USDT 200,000 for 10 eligible pairs! The first two campaigns will be launched on June 22, 2021 for BTC/USDT and ETH/USDT pairs. Eight more pairs will be coming to Hummingbot Miner soon. Make sure to join every campaign to earn big rewards!
The launch of liquidity mining on AscendEx, our third supported exchange for Hummingbot Miner, marks one more step further to achieving our mission to scale liquidity mining to most major exchanges as we are planning to add on several more this year.
Join liquidity mining on AscendEx
Hummingbot boasts successful experience launching and managing liquidity mining campaigns on leading cryptocurrency exchanges such as Binance and KuCoin. The 19 campaigns we’ve launched to date on Binance have brought token issuers $1.7-billion total filled order volume with ever-growing open order volume peaked at $1.1 million.
The liquidity mining launch bears strategic significance for both AscendEx and Hummingbot by unlocking endless exciting opportunities for both token issuers and crypto traders (i.e. liquidity miners). For issuers who list their tokens on AscendEx, Hummingbot Miner offers a cost-efficient, data-driven, and community-oriented alternative for liquidity provision.
Campaign Terms²
- Start date:
- June 22, 2021, 12:00 AM UTC for the BTC/USDT and ETH/USDT pairs
- Eight more pairs will be announced soon
- Eligible token pairs:
- BTC/USDT: USDT 30,000 for 8 weeks
- ETH/USDT: USDT 20,000 for 8 weeks
- Eligible orders: maker orders placed with spreads of 1% or lower (subject to change)
- Exchange: https://ascendex.com/(use this Hummingbot referral link to set up your new AscendEX account to support our project!)
What’s next?
As mentioned above, we will be announcing eight more eligible pairs for liquidity mining on AscendEx, so definitely stay tuned!
With the launch of these new Beta campaigns, we will be also in discussion with a few token projects about the potential collaboration for AscendEx liquidity mining campaigns. In the next few months, more liquidity mining campaigns will be coming to AscendEx!
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.
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.
Learn More
- Hummingbot Miner’s app: current liquidity mining campaigns
- Hummingbot Academy
- Liquidity mining FAQs
- Getting started with Hummingbot
- Get 24/7 support
