The Hummingbot Foundation is an experiment in creating a self-sustainable open source ecosystem. Distribution of the remaining HBOT community reserves (36 million tokens or 36% of total HBOT supply) to the Hummingbot user base over the next 4 years is an important aspect of preserving Foundation self-sustainability. Therefore, the Foundation plans to iterate and improve on this distribution process via Epochs.
Each Epoch is a fixed, 5-month period with specific HBOT distribution-related goals across various categories. Epochs are basically long agile sprints, after which the Foundation will conduct an open retrospective and strengthen internal processes for the next Epoch.
- Start: Feb 1, 2022
- HIP cutoff: May 31, 2022
- End, PRP cutoff: June 30, 2022
- Goal: Distribute 30 million HBOT tokens
The last day to submit Hummingbot Improvement Proposals (HIPs) requesting a share of Dev Grant Budgets is May 31, 2022, and the last day to submit Pull Request Proposals (PRPs) linked to approved HIPs is June 30, 2022.
|Category||Total HBOT Available||Target Number of Grants|
|Liquidity Distributions||15,000,000||10 platforms|
|Dev Grant Budget||10,000,000||50 dev grants|
|Initiative Budget||5,000,000||5 initiatives|
In requesting HBOT grants for Hummingbot Improvement Proposals (HIPs) related to a community-approved Dev Grant Budget, developers may need guidance in determining how much HBOT to request for unit of time/effort spent on a given task.
For Epoch 1, the Hummingbot Foundation believes that 20,000 HBOT for one day of work is a reasonable amount for an experienced developer to request for a valid HIP. However, developers are free to request more or less than this amount in their proposal.
- Start: August 1, 2022
- End: December 31, 2022
- Goal: Distribute 60 million HBOT tokens
We plan to conduct an open retrospective and strengthen Foundation processes after Epoch 1 before finalizing goals for Epoch 2.