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Hibachi TGE Update: Points Season Ends

Hibachi has announced that the Points season, which it calls The Playoffs, is the final one. 76.5 million points are available for the upcoming TGE. Points are an IOU for a future airdrop, and the amount of tokens a point represents is unknown. The Open contest, which ends on October 18 at 23:59 UTC, will award up to $20,000 in cash based on $300 million in trading volume. Open interest, or the amount of money held in open positions, is currently $1.65 million, compared to $649.57 million in 30 days of trading. The Discord member also mentioned that Points out has grown by 1.31% in the week to October 12, with a fixed airdrop pool potentially reducing the value of each point.

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