In the previous liquidity mining campaign period for Phoenix Global, we saw 482 distinct individual miners participate with the number of weekly distinct miners peaking at 129. The total filled order volume has reached $45 million as of May 24th, 2021. With US$30,000 rewards paid out, these impressive results demonstrated the cost efficiency of Hummingbot’s community-driven approach of liquidity mining. Encouraged by the results, Phoenix Global has decided to resume its liquidity mining campaign for another 3 months with a total reward pool of ~US$15,000 in PHB tokens!
Have you participated in the previous PHB campaign? Join it and start earning rewards again!
Summary stats of the previous PHB liquidity mining campaign
Below are some of the key metrics of the past campaign period as of May 24th, 2021.
482 distinct users participated and earned rewards
Liquidity miners have constantly accounted for 60% or above of total daily PHB/TUSD trading volumes on Binance
Liquidity miners accounted for US$45M of filled order volume
Open order book volume created by miners peaked at US$66K with an average of $30K+
The weighted average miners bid-ask spreads have consistently and generally been tighter than 1.5%
New Campaign Terms²
Start date: June 15th, 2021 12:00 AM UTC
Total reward pool*: USD 15,000 for 12 weeks
Reward token: PHB
Eligible token pair: PHB/TUSD
Eligible orders: maker orders placed with spreads of 2% or lower
About Phoenix Global
Phoenix Global (PHB) is a cryptocurrency, which has been listed on 9 markets. The PHB token drives the Phoenix Global platform, which aims to power the next generation of consumer applications on the blockchain. The project comprises Phoenix Oracles connecting real-world asset prices to the blockchain, Federated Learning allowing large sensitive datasets to be used safely and securely for AI & machine learning, and its own native blockchain with bridges to Binance Smart Chain, Ethereum, Solana, NEO, and Tron. More information: https://www.phoenix.global/.
*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.
Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.
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.
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