The HBOT token is a standard ERC-20 token. It has a fixed total supply so there will never be any additional HBOT tokens created.

The HBOT Token has no monetary or economic value. The sole use case for HBOT Tokens will be to empower holders to decide how the Hummingbot codebase changes over time through voting on three types of proposals:

Pull Request Proposals (PRP): a proposal linked to an open pull request in the Hummingbot code repository;

Improvement Proposals (IP): a proposal linked to an issue in the Hummingbot Github repository that specifies a proposed improvement to a component of the Hummingbot codebase, and;

Governance Proposals (GP): a proposal linked to an issue in the Hummingbot Github repository that specifies either a proposed modification to the Foundation governance system, or a proposed distribution of HBOT tokens from the treasury for a community activity such as a grant.

All pull requests, or proposed code changes to the Github code repository, will need to be submitted as a Pull Request Proposal and be approved by HBOT holders in order to be merged into the codebase and included in an official release.

See the Hummingbot Foundation Governance whitepaper for more details.

In addition, HBOT token holders will be able to appoint members of the Hummingbot Foundation’s Board of Directors. One of the first planned Governance Proposals (Q1 2022) will allow HBOT token holders to confirm the members of the interim Board of Directors or otherwise appoint an alternative Board.

HBOT token holders do not have any financial rights or any claims to the assets or resources of the Hummingbot Foundation.

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