Since we launched liquidity mining for BitClout one month ago, the campaign has attracted 113 distinct individual miners to participate. The traded volume contributed by liquidity miners constantly maintains an average of 70%+ of its total volume on AscendEX.
This is not the first time that Hummingbot Miner has successfully supported a token’s initial listing. Both parties felt excited about the strong campaign performance and the efficiency of liquidity mining in engaging the trader community and improving the token tradability. BitClout has decided to extend its CLOUT liquidity mining campaign for one month with a total reward pool of 5,000 USDT (1,250 USDT / week)! The eligible maker orders placed have to be with spreads of 0.5% or lower.
Summary stats of the BitClout liquidity mining campaign as of August 10, 2021
During the past campaign period, we have seen consistent growth in the number of distinct miners and open order volume committed to promoting CLOUT token order book depth.
Below are some of the key metrics of the past campaign period:
- 113 distinct users participated and earned rewards
- Our liquidity miners accounted for US$2.9mm of filled order volume
- The open order book volume of CLOUT/USDT created by miners peaked at US$70K
- The average bid/ask spread is constantly within 0.6%
BitClout is the first social network built from the ground up as its own custom blockchain. This new type of social network allows every creator to have their own coin that their followers can buy and sell, making it the first crypto social network.
Today, a post submitted to a traditional social media platform belongs to a corporation, rather than the creator who posted it. In contrast, BitClout is a fully open-source, decentralized project with no company behind it-- it’s just coins and code. This means every creator has a direct relationship with their followers, which unlocks new ways to engage and monetize that aren't based on ads. BitClout is backed by a variety of investors, including Sequoia Capital, Andreessen Horowitz, Social Capital, Coinbase Ventures, Winklevoss Capital, TQ Ventures and more.
*For full terms of the campaign, please see liquidity mining campaign terms.
To learn more about liquidity mining, see below:
- Hummingbot Miner’s app
- Hummingbot liquidity mining rewards and terms
- Hummingbot Academy
- Hummingbot Help Center
- 24/7 support
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.