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Epochs

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

Retrospective

After Epoch 1, the Foundation conducted a retrospective and recommended a number of improvements to the governance process to make it more community-oriented and efficient:

After discussing these changes with the community in weekly calls, the Foundation proceeded to implement these changes starting in Epoch 2.

Epoch 2

  • Start: August 1, 2022
  • End: December 31, 2022
  • Goal: Distribute 30 million HBOT tokens
Category HBOT Allocation
Dev Grant Budget 15,000,000
Liquidity Distributions 5,000,000
Community Work 10,000,000

Similar to Epoch 1, we plan to conduct an open retrospective and strengthen Foundation processes after Epoch 2.