Hummingbot
Crypto Overview
Purpose and Utility
Hummingbot is a governance token for the Hummingbot Foundation, which maintains an open-source market making software platform. The HBOT token gives holders voting rights on protocol decisions and governance proposals.
Business Model
The platform provides market making and trading automation tools that help create liquidity across various cryptocurrency exchanges. The business model is transparent and focused on developing legitimate trading infrastructure.
Real-World Adoption
The Hummingbot software is actively used by market makers and traders across multiple exchanges. The foundation maintains regular development updates and has partnerships with exchanges like Binance, FTX, and others.
Platform Development
There is consistent development activity with regular updates to the platform's codebase. The project maintains an active GitHub repository with frequent contributions from developers.
Token Distribution
HBOT tokens were distributed through a fair launch mechanism, with no pre-mine for founders. The token distribution appears equitable with no concerning concentration among founders or early investors.
Revenue Model Analysis
The project generates revenue through legitimate market making activities and trading infrastructure development, not through interest-bearing mechanisms or prohibited activities.
Crypto Impact
To assign a comfort level investing in Hummingbot from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Hummingbot.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.