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Changes to Hummingbot Maintenance and Governance


Almost exactly one year ago, Hummingbot Foundation launched the HBOT token as an experiment in decentralized governance over a publicly shared, community maintained open source project.

Inspired by Linux, we believe that a bazaar-style, distributed model of software development, powered by a decentralized, community-owned governance token, would allow us to maintain and grow a large, complex, open source codebase like Hummingbot.


Here are some of our proudest achievements over the past 12 months:

  • Executed 220+ governance proposals on our Snapshot governance portal, an average of 4.7 votes per proposal and a 92% acceptance rate. We believe this spread fairly represents what Hummingbot is today: an organic, global community of quant traders and developers who use different aspects of a shared, modular codebase.
  • Awarded more than 40 developer bounties to 20+ unique community developers for fixing bugs, adding new CEX/DEX connectors, strategies and other enhancements to the codebase (see HBOT Distributions in HBOT Tracker)
  • Held 23 weekly developer and community calls, with agendas and recording links posted in the pm repository
  • Launched the public Hummingbot Reported Volumes dashboard to report real-time aggregated volume metrics from Hummingbot users. Over the past 3 months, Hummingbot users have generated $6 billion in trade volume.

Introducing the Hummingbot Governance Token: HBOT


HBOT Tokens empower holders to decide how the Hummingbot codebase changes over time through voting on proposals.

As announced in this October post, CoinAlpha has established the Hummingbot Foundation (the "Foundation"), a new, independent open source foundation that will enable a decentralized, community-led software development model for Hummingbot, an open source toolbox for building crypto trading bots.