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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.

Epoch 1

  • 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

HBOT Guidance

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.

Epoch 2

  • 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.

Last update: 2022-03-02
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