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Active Hummingbot miner liquidity campaign 8 weeks


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Title: HummingbotCampaign
Name: HummingbotCampaign
Term: 1 Cycle
Cycle Amount: 69,653
Total Amount: 69,653
Author: Jeffrey
Receiver: Jeffrey
Address: D9FsvEaWv9Ji9SCULiEkbeVjkA6YdaH3hM
Status: Active
Vote Hash: e5f074381f41ba7834e5b193755716d04f14fc684190ea40722fcf387930697c

Hey All,

The purpose of this campaign is to fund a liquidity campaign on Hummingbot. This campaign will allow anyone with Hummingbot to trade our PIVX/BTC pairs on Binance. Based on their trades they are rewarded an amount set by Hummingbot. The campaign will run for a period of 8 weeks. The prize each week will be around 700 USD of PIVX.

About Hummingbot (As taken from their website):
Hummingbot Foundation is a not-for-profit organization established in the Cayman Islands. The Foundation’s mission is to democratize high-frequency trading by maintaining the open-source Hummingbot code repository and the HBOT governance system.

Since we open sourced Hummingbot in 2019, it has become the leading open source market making bot, used by token projects who want to own their liquidity, smaller trading firms, as well as individual traders who run bots to earn liquidity mining rewards.

Currently, Hummingbot is evolving from a simple market making bot into a powerful open source platform that helps you create, backtest, deploy, and manage a fleet of bots running any algo trading strategy. Our main repos now include:

  • hummingbot: Python-based core trading engine and exchange connectors
  • gateway: Typescript-based middleware that helps Hummingbot connect to DEXs and blockchain networks
  • dashboard: Streamlit-based dashboard for backtesting, deploying, and managing Hummingbot instances

Overall this proposal and campaign will assist with liquidity on Binance for a period of 8 weeks. It will also potentially introduce PIVX to new traders as well as attract new people to trade the PIVX pairs. Liquidity is the most important thing to keeping our pairs active on exchanges and this is one method of doing so. Should this campaign show good results I plan on opening future ones on our other exchange pairs as well.

Some active campaigns can be seen here:

You can view the campaign portal here - https://miner.hummingbot.io/

700 x 8 weeks for prize pool ($5600)
500 x 8 for service fee ($4000)
Total = $9600 (+1000 for buffer) = $10600
As PIVX and all crypto is extremely volatile I will ask for an additional $1000 in this proposal. Should there be remaining funds once the campaign is complete I will make it public here and then it can be utilized towards other proposals that may not meet funding demands due to volatility / liquidity issues.

I will also be asking for my 50 PIV back used to submit this proposal.


69,603 + 50 = 69,653 PIVX

Voting Details:
To Vote YES for this proposal:

mnbudgetvote many e5f074381f41ba7834e5b193755716d04f14fc684190ea40722fcf387930697c yes
To Vote NO for this proposal:
mnbudgetvote many e5f074381f41ba7834e5b193755716d04f14fc684190ea40722fcf387930697c no
Wish we had the metrics from the last Hummingbot Campaign as it did well. The increased liquidity AND new PIVX admirers was noticeable.
" Liquidity is the most important thing to keeping our pairs active on exchanges and this is one method of doing so." 100% correct.

Jeffrey, anyone can tell you have done your homework on this, not to mention you have seen with your own eyes firsthand how it did well in the past We need these tools to get PIVX noticed more, just like the other coin projects that use it for the same reason do. Thank you! This proposal has my backing 100%! Anyone that doesn't think this is relevant should research it more so they clearly understand.