HGP-9 [IB] Distribute unclaimed HBOT tokens from initial launch through Hummingbot Miner

Category

Initiative Budget

Summary

Distribute all unclaimed HBOT tokens from the launch Retroactive Distribution (HBOT Launch announcement) throught the Miner Platform until the end of Year 1(2022), with the allocation to be defined by CoinaAlpha.

Details

As stated on the HBOT launch announcement, 40,000,000 HBOT tokens were allocated to be distributed to Hummingbot Miners liquidity providers retroactively.

These tokens would be available to be claimed until February 28, and any HBOT tokens remaining unclaimed after this date would revert back to the Hummingbot Foundation Treasury to be distributed tothe community until the end of Year 1.

In total, 28,375,643.44 HBOT tokens have been claimed by 689 Hummingbot Miner liquidity providers.

11,624,356.56 HBOT have not been claimed and, as planned will be redistributed to the community.

Our proposal is to distribute the 11,624,356.56 unclaimed HBOT tokens through the Miner platform, until the end of the Year 1, through liquidity mining campaigns, with CoinAlpha defining how these tokens would be allocated on the current and future liquidity campaigns

Budget Allocation

All 11,625,356.56 HBOT tokens allocated to the initial retroactive distribution would be handed to Coinalpha to distribute this amount in full until de end of Year 1, through Liquidity mining campaings on the miner platform.