The launch of liquidity mining (Beta) on AscendEx, our third supported exchange for Hummingbot Miner, has marked an important milestone for us. Since we launched it a little over one week ago, our miner community has set up and run more than 60 bots that traded US$3 million filled order volume. The open order volume (i.e. liquidity) peaked at US$74K and US$54K for the BTC pair and the ETH pair, respectively, and averaged at over US$40K per campaign.
We are now excited to launch another eight eligible trading pairs for liquidity mining on AscendEx on July 6, 2021, at 12:00 AM UTC! The newly added pairs are shown below:
Beta period: note that this initial launch on AscendEx is a beta testing period, which will allow us to test out the infrastructure. Miners are still earning rewards as per usual campaigns. During this time, we will be collecting feedback from users and regularly updating miners and the community on system performance or any issues that may be encountered.
Campaign Terms²
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Start date: July 6, 2021, 12:00 AM UTC
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Eligible token pairs: See the above image
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Eligible orders: maker orders placed with spreads of 1% or lower
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Exchange: https://ascendex.com/ (Use this referral link to support the Hummingbot project!)
Campaign Update
The eligible spread for ETH/USDT campaign launched previously will be changed to 0.5% or lower starting July 6, 2021, 12:00 AM UTC.
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.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.
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.
*For full terms of the campaign, please see liquidity mining campaign terms. To learn more about liquidity mining, see below:
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Hummingbot Miner’s app: current liquidity mining campaigns
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Getting started with Hummingbot
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