HIBACHI Points Program is launched, Hibachi Points empowers the community
Market background: the current situation and challenges of decentralized exchanges
In recent years, with the rapid development of the cryptocurrency market, decentralized exchanges have gradually emerged and become the first choice for more and more crypto enthusiasts and professional traders. Compared with traditional centralized exchanges, decentralized exchanges have higher transparency and security, and users can directly exchange assets without intermediaries. However, the popularization of decentralized exchanges still faces many challenges, especially in terms of transaction speed, user experience and on-chain processing efficiency.
Although decentralized exchanges have the advantage of decentralization, their transaction speed is slow, and in the case of high market volatility, many decentralized exchanges still have problems with transaction execution time and fees. These problems have caused many traders and developers to have doubts about the use of DEX, affecting the further development of decentralized exchanges. Therefore, there is an urgent need for a decentralized trading platform that can provide an extremely fast trading experience while maintaining decentralization.
In this market context, the emergence of the Hibachi project is to solve the many challenges faced by existing decentralized exchanges. Hibachi has not only made deep innovations at the technical level, but also greatly enhanced the platform's sense of community participation through a unique incentive mechanism - Hibachi Points, injecting strong momentum into the platform's growth.
Hibachi: Defining the core concept of Provable transactions
Hibachi is not an ordinary decentralized exchange. It aims to break the bottleneck of traditional DEX in terms of transaction speed and transparency. Hibachi redefines the standard of decentralized exchanges through a combination of technological innovation and incentive mechanisms.
High-speed transactions and on-chain transparency
In traditional decentralized exchanges, transaction speed is often the biggest pain point. Decentralized trading methods require confirmation on the blockchain, which leads to delays in the transaction process. To overcome this challenge, Hibachi introduced the technical solutions of off-chain order books and on-chain batch settlement, which fundamentally improved the efficiency of transactions.
Specifically, Hibachi uses an off-chain order processing method to speed up transaction matching through an off-chain order book, while the settlement of transactions is processed in batches through the on-chain ZK (zero-knowledge) proof technology. Using this method, Hibachi can control transaction delays within 6 milliseconds, achieving a transaction speed close to that of centralized exchanges, while also ensuring the transparency and security of on-chain data. This technological innovation allows Hibachi to improve the speed and efficiency of transactions while maintaining the essence of a decentralized exchange.
Security and decentralization
Security is one of the core issues of blockchain transactions, especially in decentralized exchanges, where the security of user assets directly determines the sustainability of the platform. Hibachi ensures the security of the platform through multiple security measures. The platform not only uses the most advanced encryption technology, but also cooperates with well-known security auditing agencies to conduct comprehensive audits of smart contracts on a regular basis. Through strict security testing and vulnerability repair, Hibachi effectively reduces potential security risks and ensures the security of every transaction.
In addition, Hibachi also ensures data transparency and trustlessness through ZK Proofs (zero-knowledge proof) technology. During the transaction execution process, all transaction data will be verified and proved to ensure that every capital flow of the platform operation is transparent.
Hibachi Points: Incentive mechanism drives community and platform growth
As a decentralized platform, Hibachi is well aware of the importance of community participation and support for project development. In order to encourage more users to participate in the construction of the platform, Hibachi launched Hibachi Points, an innovative points reward mechanism designed to drive platform growth through community participation.
What Hibachi Points Do
Hibachi Points is a reward mechanism launched by the Hibachi platform to quantify user participation and reward users who conduct transactions, interactions, and content creation on the platform. Each active user's behavior can be rewarded with points, which can not only enhance user participation, but also be converted into a driving force for the development of the platform.
Specifically, the role of Hibachi Points is mainly reflected in the following aspects:
● Quantify user participation: By quantifying each user’s transactions and activities, the platform can accurately identify active users and give corresponding points rewards based on their contributions.
● Community participation incentives: Users can earn points not only through transactions, but also by sharing platform content, participating in community discussions, etc. This diversified incentive method helps to improve the platform's community activity and user stickiness.
● Promote platform development: Points are not only a way to reward users, but also a source of motivation for platform development. Through the points mechanism, the platform can motivate users to promote the publicity, promotion and development of the platform, forming a virtuous circle.
How do I earn Hibachi Points?
The way to earn Hibachi Points is very simple. Any behavior on the platform may earn points for users. This includes but is not limited to the following ways:
● Trading and interaction: Every transaction, every strategy execution, and every interaction with other users will earn points. Whether you are a first-time user of the platform or an experienced trader, you can accumulate points through active participation.
● Early user rewards: For users who participated in the Hibachi platform early, the platform has taken a snapshot, and early active users will receive special rewards.
● Referral Rewards: Users can earn more points by inviting friends to join the platform. The more friends you recommend, the more points you will get. The growth of the platform will be directly reflected in the rewards for each user.
Distribution and collection of points
The distribution of Hibachi Points is very simple. The platform will automatically distribute points every Sunday at UTC 00: 00. Users do not need to claim them manually, just log in to the platform to check their point balance. If you are lucky, the points may already be in your account waiting to be claimed.
This mechanism reduces the number of steps for users and makes the distribution of points rewards more efficient. Through automatic distribution, the platform ensures the timeliness and fairness of rewards, while also enhancing user participation and activity.
Hibachi Points Program Launched
Hibachi will officially announce its Hibachi Points program at 10am EST on March 3 (11pm SGT on March 3), which will bring more reward opportunities to users and further promote the common development of the platform and the community. Users only need to participate in activities on the platform to start earning points. This incentive mechanism will not only increase user stickiness, but also promote the healthy development of the community.
Conclusion
With the continuous advancement of decentralized exchange technology and the increasing market demand, decentralized platforms like Hibachi that combine high-speed transactions, on-chain transparency and community incentives are gradually becoming the mainstream of decentralized transactions in the future. Through the combination of technological innovation and point reward mechanism, Hibachi will continue to promote the development of the platform and inject new impetus into the global decentralized trading ecosystem.
Whether you are an experienced trader or a new user who has just entered the crypto world, Hibachi provides a platform with rich incentive mechanisms and superior trading experience.
