Hummingbot Is Launching A Liquidity Mining Pool In AscenDEX

Hummingbot is a community-driven open source project that aims to democratize algorithmic trading by making sophisticated high-frequency trading strategies freely available to everyone in the world. The company has announced that they will be launching a liquidity mining pool on AscendEx previously know as BitMax Exchange.

The liquidity mining campaigns (Beta) on AscendEx has 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.

Hummingbot is 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! 

They 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, third supported exchange for Hummingbot Miner, marks one more step further to achieving their mission to scale liquidity mining to most major exchanges as they are planning to add on several more this year.

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. Benefits of a liquidity mining campaign include but are not limited to promoting token liquidity and price discovery, and increasing the project exposure and awareness. For traders, the additional exchange integration provides miners a new playground to learn new projects, compete with fellow miners, have fun, and earn more rewards as the total campaigns available increase.

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 the project!)

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.

ABOUT Hummingbot
Hummingbot is a community-driven open source project that aims to democratize algorithmic trading by making sophisticated high-frequency trading strategies freely available to everyone in the world.

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