1 year ago
PRESS RELEASE. October 22nd, 2023 — Bitcoin.com, a planetary person successful introducing newcomers to cryptocurrency, is thrilled to denote the motorboat of an innovative run aimed astatine enhancing liquidity and trading volumes for the VERSE/USDT trading brace connected KuCoin. This strategical run volition beryllium executed successful concern with Hummingbot, the foremost open-source marketplace making bot.
Structured astir Hummingbot’s Liquidity Miner platform, the run focuses connected incentivizing marketplace makers and the Hummingbot assemblage for their market-making services connected centralized exchanges, facilitating a much decentralized market-making process. Hummingbot is utilized by trading firms, idiosyncratic traders who tally bots to gain liquidity mining rewards, and cryptocurrency projects who privation to ain their liquidity.
Starting connected October 24, 2023, 00:00 UTC and scheduled to tally for a play of 12 weeks, the run offers rewards aimed astatine encouraging participation, with a full of $15,000 in Bitcoin.com’s ecosystem token VERSE to beryllium distributed implicit the people of the program, equating to $1,250 successful VERSE per week.
Anyone with capable method skills tin harness Hummingbot’s open-source codification to acceptable up a bot, oregon bots, to enactment marketplace making and gain rewards for doing so. Bitcoin.com was attracted to Hummingbot by the Hummingbot Foundation’s ngo to, “democratize high-frequency trading,” a ngo aligned with Bitcoin.com’s to make much economical state successful the world.
Corbin Fraser, Head of Financial Services astatine Bitcoin.com, stated that, “market-making and precocious frequence trading person traditionally lone been accessible to affluent individuals oregon businesses. We’re excited to showcase Hummingbot’s quality to level the playing field, portion besides enhancing liquidity and trading measurement of the VERSE token. VERSE, being the world’s gateway to DeFi, plays a pivotal relation successful facilitating greater economical freedom, allowing individuals to navigate the fiscal sphere with autonomy and confidence.”
About Bitcoin.com
Bitcoin.com is gathering products that springiness mundane radical entree to a immense satellite of opportunities to make idiosyncratic prosperity without limits. Since 2015, Bitcoin.com has been a planetary person successful introducing newcomers to cryptocurrency, featuring accessible acquisition materials, timely and nonsubjective news, and easy-to-use afloat self-custodial products for buying, spending, trading, investing, and earning with crypto.
About Verse VERSE is the rewards and inferior token for users who lend to and enactment successful the Bitcoin.com ecosystem. Launched successful December 2022, the VERSE token is designed to grow entree to decentralized concern and assistance unlock the economical state it provides. Since launch, VERSE has experienced accelerated integration into web3 platforms, arsenic evidenced by August and September’s partnership/integration overviews.
About Hummingbot
Hummingbot, since being open-sourced successful 2019, has firmly established itself arsenic the premier open-source market-making bot, championing accessibility and inclusivity successful liquidity provisions. Serving a divers idiosyncratic base, from token projects and tiny trading firms to idiosyncratic traders, Hummingbot offers a suite of tools that let for the creation, backtesting, deployment, and absorption of automated trading strategies.
This is simply a property release. Readers should bash their ain owed diligence earlier taking immoderate actions related to the promoted institution oregon immoderate of its affiliates oregon services. Bitcoin.com is not responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful the property release.
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