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About Hummingbot
- HBOT token: standard ERC-20 token with fixed total supply.
- No monetary or economic value; sole use case is for voting on proposals.
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Three types of proposals:
- Pull Request Proposals (PRP): linked to open pull requests.
- Improvement Proposals (IP): linked to issues in Github repository.
- Governance Proposals (GP): linked to issues in Github repository.
- All pull requests require approval from HBOT holders to be merged into codebase.
- HBOT token holders can appoint members of Hummingbot Foundation’s Board of Directors.
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About Hummingbot: Empowering Traders, Elevating Markets
The HBOT token adheres to the ERC-20 standard, boasting a fixed total supply, thereby ensuring that no additional HBOT tokens will ever be created.
The HBOT Token is devoid of any monetary or economic value. Its sole utility lies in empowering holders to shape the future of the Hummingbot codebase, allowing them to exercise their influence through voting on three distinct categories of proposals.
We introduce Pull Request Proposals (PRP): a submission directly tied to an open pull request within the Hummingbot code repository;
Improvement Proposals (IP): a formalized suggestion tied to a specific issue in the Hummingbot Github repository, outlining a proposed enhancement to a particular component of the Hummingbot codebase, and;
Governance Proposals (GP): A formal submission tied to a specific issue in the Hummingbot Github repository, outlining either a proposed revision to the Foundation’s governance framework or a proposed allocation of HBOT tokens from the treasury to support a community-driven initiative, such as a grant.
All proposed code modifications, encapsulated in pull requests, must be formally submitted as a Pull Request Proposal, which will then undergo a rigorous approval process by HBOT holders, prior to being merged into the codebase and incorporated into an official release.
For a comprehensive understanding, please refer to the Hummingbot Foundation Governance whitepaper, which provides an in-depth exploration of the subject.
Furthermore, HBOT token holders will be granted the privilege of electing members to the Hummingbot Foundation’s Board of Directors. One of the inaugural Governance Proposals, slated for Q1 2022, will empower HBOT token holders to ratify the interim Board of Directors or, alternatively, appoint a new Board composition.
Notably, HBOT token holders do not possess any financial entitlements or claims to the assets or resources of the Hummingbot Foundation, thereby maintaining a distinct separation between token ownership and foundation assets.