Friday April 16, 2021
Bitcoin (BTC) $61,486.00   Ether (ETH) $2,425.24
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Crypto Exchanges Trading

Crypto price action platform Hxro launches liquidity partner program

Published by CryptoNinjas.net
08/03/2020
Crypto price action platform Hxro launches liquidity partner program

Hxro, a gamified crypto derivatives platform that offers a simple way for users to play the market, has announced the public launch of the Hxro Liquidity Producer Pool with the following lead entities as marquee participants:

  • Alameda Research
  • CMS Holdings
  • Arca Funds
  • Three Arrows Capital
  • Ledger Prime
  • Acheron Trading

Hxro’s core product, MoonRekt, is a peer-to-peer parimutuel market offering transparency, fairness, and opportunity to its users.

The Liquidity Producer Pool (LPP) is at the heart of the Hxro ecosystem

Interested parties can become liquidity producers by claiming a minimum of one full LPP unit. In order to claim a unit, an LP must stake a minimum of 250,000 HXRO tokens for a one-year term. In exchange for a full LPP unit, the LP will unlock fee discounts and rebates on Hxro platform transactions as well as earn a pro-rata share of ⅓ of net network transaction fees spent by users on the platform.

The LPP model will help bootstrap the entire HXRO ecosystem across four main areas:

  1. Staking – To qualify for full LP incentives, a participant must hold at least one full unit. Participants generally have to go to the market to procure 250,000 HXRO. This locks up a growing percent of tokens. LP’s are required to lock tokens for one year in order to earn LP incentives.
  2. Volume Tiered Incentives  – Since LPs are offered large fee discounts and rebates, they are incentivized to be more active in Hxro’s products which drives more usage and consistently deeper liquidity to the platform.
  3. Reflexivity – Increased liquidity attracts even more new users and LPs to the platform who in turn become more active participants in the network.
  4. Virtuous Liquidity Cycle – The increased liquidity and usage drives fees to the platform which incentivizes existing and new users to lock up HXRO and become LP participants which creates a virtuous cycle.

Community LPP participation

For the 12-month period beginning June 2020, 100 units were created. 80 LP units were claimed by LPP lead participants. The remaining 20 units will be offered on a fractional basis through a community LP staking program to be launched on the Hxro platform in the coming weeks. Additionally, there will be more units released to the market based on a number of economic factors that are explained in a more comprehensive report to be released soon.

Platform users will be able to participate simply by moving their desired amount of HXRO from their platform wallet to an LP staking wallet. Staked HXRO will be locked for one year from the date it is sent. Fractional units will participate pro-rata in the same LPP rewards as full seat holders which is ⅓ of net network transaction fees spent by users on the platform. While fractional unitholders will not qualify for the same fee discounts as full unit holders, staked balances will still apply to standard platform discounts and volume-based incentives.

Hxro will be posting a comprehensive report and paper on the mechanics of the Liquidity Provider Pool in the near future, which will be linked here.

Please note: Participation in the LPP and on the Hxro platform is strictly prohibited in the United States, Bermuda, and other restricted jurisdictions.

11
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: hxro.io

Related News

Hxro selects Solana L1 in transition to decentralized trading network
Networks & Protocols

Hxro selects Solana L1 in transition to decentralized trading network

02/05/2021
Hxro and FTX team up to launch TixWix for gamified crypto trading
Trading

Hxro and FTX team up to launch TixWix for gamified crypto trading

10/28/2020
Crypto gaming platform Hxro to build pari-mutuel markets on Nervos
Trading

Crypto gaming platform Hxro to build pari-mutuel markets on Nervos

09/03/2020
Hxro integrates Chainlink to decentralize its BTC and ETH indices
Trading

Hxro integrates Chainlink to decentralize its BTC and ETH indices

08/18/2020
Hxro: Crypto Report – The Weekly No. 3
Blockchain Assets

Hxro: Crypto Report – The Weekly No. 7

05/27/2020
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
DeFi platform Sheesha Finance and aggregator Plasma Finance team up to improve asset management

DeFi platform Sheesha Finance and aggregator Plasma Finance team up to improve asset management

04/15/2021
Sommelier gets $1M R&D grant from The Graph to deliver blockchain market data improvements

Sommelier gets $1M R&D grant from The Graph to deliver blockchain market data improvements

04/15/2021
Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

04/14/2021
Telos enhances its DeFi with launch of new coins and liquidity on TSwaps platform

Telos enhances its DeFi with launch of new coins and liquidity on TSwaps platform

04/15/2021
Japan crypto exchange bitbank AUM reach 289.8 billion yen

Japan crypto exchange bitbank AUM reach 289.8 billion yen

04/15/2021
SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

04/16/2021
Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users

Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users

04/15/2021
Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

04/15/2021
Telos enhances its DeFi with launch of new coins and liquidity on TSwaps platform

Telos enhances its DeFi with launch of new coins and liquidity on TSwaps platform

04/15/2021
Canadian cryptocurrency exchange CoinSmart submits OSC application

Canadian cryptocurrency exchange CoinSmart submits OSC application

04/15/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version