Bitrue to List HBOT, Hummingbot’s Native Token
Bitrue, a tier 1 digital asset exchange, is preparing to list HBOT on February 20. HBOT is the native token of Hummingbot, an open-source crypto algo trading operating system. This listing will mark HBOT’s debut on a centralized exchange (CEX), a move that is expected to significantly boost the growth and dynamics of the Hummingbot community.
Democratizing Access to High-Frequency Trading
Hummingbot, launched in April 2019, is an open-source framework that enables high-frequency market-making and algorithmic trading bots on the crypto market. The platform’s mission is to level the playing field for traders globally by making advanced trading strategies and technology accessible to everyone, including those with limited technical knowledge.
- Hummingbot allows users to create, customize, and monetize automated trading bots through user-friendly software.
- Traders benefit from optimized performance through a technology stack that incorporates Cython.
- They can utilize market-making strategies to provide liquidity and enhance their trading strategies.
Listing HBOT for Increased Liquidity
The Hummingbot community recently voted to list HBOT on a centralized exchange to enhance the token’s liquidity. Bitrue was chosen as the preferred exchange due to its stable operation, trustworthy reputation with an 8/10 trust score on CoinGecko, and its ranking among the top 25 spot digital asset trading platforms according to CoinMarketCap.
Initiatives to Boost Community Participation
Following the unanimous approval of the governance proposal, Bitrue will soon list HBOT on its platform. The exchange is also launching campaigns to generate interest and participation within its community for Hummingbot’s native coin:
- A $2,000 worth of HBOT BTR vote campaign is aimed at creating anticipation and excitement ahead of the listing.
- A staking campaign will offer rewards worth $8,000 of HBOT to further encourage community members.
- The $10,000 bounty is financed by the Hummingbot Foundation.
Positive Outlook for the Hummingbot Community
According to Anchit Goel, Bitrue’s Head of Listings and Partnerships, the listing of HBOT on Bitrue will significantly benefit the Hummingbot community:
“Hummingbot is democratizing access to high-frequency crypto market-making and algo-trading through an open-source framework and user-friendly software. Bitrue is glad to help the team get closer to fulfilling this mission by listing HBOT on the exchange. This will increase accessibility to a much broader audience and encourage more traders and LPs to join Hummingbot’s ecosystem. I expect HBOT’s Bitrue listing to greatly benefit the Hummingbot community through a more diversified user base, a significant growth in trading activity, and enhanced liquidity,” said Anchit Goel, Bitrue’s Head of Listings and Partnerships.
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