About Hibachi

What is Hibachi in simple terms?

Hibachi is a crypto trading protocol aiming to blend CEX-level speed with full DeFi transparency. It executes trades in just 6 milliseconds using off-chain order books, while zero-knowledge proofs from Risc Zero ensure every transaction is cryptographically verifiable. In short: professional-grade performance without trust compromises.

Does Hibachi have its own token yet?

Not yet. The planned coin is called HBC, but it’s still in premarket status. No official supply, allocation, or emissions schedule has been shared. For now, users earn platform points rather than tokens, with the rewards program concluded in September 2025.

How are tokens expected to be allocated?

Allocation details haven’t been disclosed. Unlike many early-stage crypto projects, Hibachi hasn’t revealed team, investor, or community token splits. The lack of published tokenomics makes future supply dynamics—like how much goes to users versus investors—something to watch.

What about vesting or unlock schedules?

Nothing’s public yet. Hibachi hasn’t launched its token, so no vesting calendar exists. The only structured release so far was the points program, which ended September 28, 2025. All unclaimed rewards were opened that same day. A TGE may follow, but no date is confirmed.

Who funded Hibachi’s development?

The seed round raised $5M on March 19, 2025. Electric Capital (Tier 1) participated alongside Dragonfly Capital (Tier 2) and Echo. Electric’s presence adds credibility as a leading crypto VC, while Dragonfly and Echo provide depth in infrastructure and early-stage backing.

Can I trade Hibachi’s token on exchanges?

No—the token isn’t trading yet. The Hibachi protocol itself, however, supports BTC/USDT and ETH/USDT perpetual futures, plus several altcoin contracts. Collateral varies by chain: USDC on Base and USDT on Arbitrum. But until TGE, there’s no HBC coin on Binance, Coinbase, or DEXs.

What activities has Hibachi run so far?

From March to September 2025, Hibachi ran a points program with weekly distributions, trading quests (multipliers up to 60x), referrals, and a final “Masterchef” contest. Today, rewards continue through the Flame Roll Lottery with weekly prizes of $1K, $5K, or $25K. Loyalty tiers boost ticket multipliers (up to 10x), and referral rewards let users earn 50% of referees’ trading fees.

How does Hibachi’s technology actually work?

It uses an off-chain order book for speed, then batches settlement on-chain with zero-knowledge proofs. Execution clocks in at 6 ms—matching pro CEXs—while still providing on-chain verifiability. Trade data is encrypted and anchored to Celestia for privacy. It’s designed for professionals who demand both speed and trustlessness.

What’s the roadmap from here?

While no formal roadmap is public, the logical next step is a Token Generation Event (TGE) following the points program. Beyond that, Hibachi is focused on scaling cross-chain, integrating DeFi primitives, and pushing its “provable trading” model into wider professional adoption. Execution will be key.

Are there risks in Hibachi’s model?

Yes—several. Off-chain order books risk centralization. Zero-knowledge proof systems are complex and could hide vulnerabilities. Regulatory scrutiny on derivatives trading is also intensifying. And with competitors like Hyperliquid and dYdX, Hibachi must bootstrap liquidity fast. Without disclosed tokenomics, long-term incentives remain uncertain.