Regarding the profitability of liquidity mining campaigns: still for the past week (April 12-19), but for all current campaigns (not just FIRO), there was $51,556.34 bonus to be shared :
There were 3044 robots that were counted,
90% of robots (from 305° to 3044°) received $0.03 or less
1% of robots earned $555.61 and more,
no robot won more than $3,394
But these gains should not overshadow the capital losses: impossible to know how many people are losing but given the bots complexity and he currencies price unpredictability, probably a lot.
Another unknown that these figures do not reveal: what is the height of the capital that one must bet for these bonus gains: in my experience, a lot.
In the end, the risk is high for a low hope of gain (but a high complexity).
The third week of the 2022 liquidity mining campaign has just ended: time to check-up the situation.
The overall results:
48 robots participated.
Like each week, they shared 118 FIRO ($385,94, FIRO has lost value since last week) and 20,833 HBOT (unrated).
The first 2 in the ranking won $130.78 + $125.50 = $256.28, or 66.40% of the total bonus.
The next 46 shared the remaining 33.60% of the bonus.
Te third (not me this week) won $15.53 bonus.
Among the top 10, 8 are part of the “eagle club”: they are high-level HuminBot users and earn a significant amount of money each month (at least $578.34 for the current month).
The 2 people in the TOP10 who are not part of this club (therefore beginners) are the one who arrived in 8h and 9th position (they won respectively $5,97 and $5.48).
From the 8th position, the bonus drops below $10 ($5.97).
Whoever comes in 10th position wins $5.39 bonus.
From 24th position, the bonus drops below $1.
I am in the 25th position and I won $0,86.
What this ranking inspires me:
These figures are comparable to those of last week, so this confirms my previous remarks.
I did a test with the pure market making strategy. This was instructive, but not conclusive in the end. While everything had been working well for more than 24 hours, I could not prevent the robot from making 4 orders in quick succession (3 losers and 1 single winner, so another capital loss).
I did another test that I found very interesting: to limit trading losses, I increased the spread, knowing that this would reduce my bonus gains: the question was how far these gains would be reduced. I therefore placed my spread at 1.8% (the maximum spread to participate is 2%). The annualized return was 0.85%! I remind you that the performance displayed on the HummingBot site is 200%!!! For example, masternodes have a return that varies around 11%, without any risk. If you don’t have 1,000 FIRO, an exchange like Binance will offer you 5.78% for a minimum of 100 FIRO, again without any trading risk (and there is other offers with others exchanges).
In conclusion:
I did not manage to earn money with this campaign, I even lost some. I hope some do. If some succeed, congratulation to them, but it’s a tiny minority (I remind you here that 2 robots get 2/3 of the bonuses). This type of campaign is only intended for very competent specialists: in no case can it claim to be addressed to a large community.
*This campaign aims to provide liquidity to the market. In practice, you quickly understand that to have gains, you must prevent your orders from being executed. So in the end, the less your orders are executed, the more you earn, so this kind of campaign does not offer any additional liquidity, just an illusion of liquidity.
