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Zcoin partnership with Hummingbot to boost community-oriented market making

By Inkarias - 2019-11-02

Zcoin team is glad to announce its newest partnership with Hummingbot , a Liquidity Mining launch partner to make market making more open, transparent, and efficient for everyone. Powered by the open-source Hummingbot software client, a pool of independent end-users can utilize their own cryptocurrency holdings and computing resources to provide liquidity for partners and earn token-based rewards in the entire process. With this new partnership, a Liquidity Mining Program for Zcoin will be launched to the general public in the near future. Individual traders will be able to access high-frequency trading strategies that were previously only available to quantitative hedge funds and earn payments based on the actual, measurable liquidity they create for the Zcoin ecosystem.

 

We are proud to partner with @hummingbot_io as a Liquidity Mining launch partner to enable and incentivize community market making. We aim to make market making on $XZC open, transparent and efficient!https://t.co/ZFR2pBr6pc pic.twitter.com/kNtKJIu93k

— Zcoin (@zcoinofficial) November 2, 2019
 

Reuben Yap, actual COO of Zcoin, shared:

We at Zcoin are very excited with our partnership with Hummingbot which democratizes market making and liquidity provision by empowering the community with the tools to do so. Liquidity Mining allows market making to be done in a transparent and fair manner and frees the project from having to lock up funds with market makers for liquidity which can be challenging for community projects. We are glad to be a part of this historic moment in opening up a totally new approach to liquidity provision.

Both Hummingbot and Zcoin anticipate a successful collaboration, and deeply believe a strong synergy exists by combining Hummingbot’s ability to decentralize market making with Zcoin’s strong community and proven privacy-enhancing technology. Zcoin is a Hummingbot liquidity mining launch partner with other prominent names in the space such as Liquid, 0x, Bitcoin.com exchange, Harmony, Solana, Loopring and iExec. This new collaboration should open new horizons for the whole Zcoin community and all the supporters.

More details on this partnership on official website at https://zcoin.io/