Why do we still polish Hakka Intelligence?
We are very excited to announce the launch of our newly designed website for Hakka Intelligence. To receive the user feedback of the new interface, we opened a new price prediction competition of the current top 5 market cap tokens, BTC, ETH, ADA, BNB, USD(T) with 600,000 $Hakka bonus. Check it out at https://intelligence.hakka.finance/.
For the newcomer of Hakka, Hakka Intelligence is a pure decentralized prediction market platform with different mechanisms from general options. We designed our own prediction game based on a mathematical mechanism, which drives by score, the accuracy of the prediction. By doing so, we don’t have to build a huge liquidity option market for predictors to provide an efficient prediction market.
The previous Hakka Intelligence is a rushed job. We pushed it for proving our model and testing our concept. After months of hard work and dedication, we are delighted to announce the launch. We wanted to make the new website easier to navigate, and more user-friendly.
The reason that we keep going polishing Hakka Intelligence is that we found that the prediction market could be a good incubator of a high-quality community. In the previous article, Ping, the Founder of Hakka Finance, explains that it’s a good way to distribute the gov tokens to those who have the ability to give valuable insight.
Regarding Hakka Intelligence being a fun game or not is largely subjective, but it is certainly a great alternative to dumb inflation rewards. In terms of reward design, a positive return can be expected, but not guaranteed. The word “stake” means you bet on something; it’s a bet, not a risk-free interest.
Building a strong community is essential for a decentralized finance organization’s long term success. I’d like to suggest that instead of passively waiting around for random capital to be introduced into our system and potentially influence our actions, I suggest we go for a more proactive approach, shaping the community by ourselves. We are the community.
The Hakka community is about empowering Hakka believers to achieve. If we would like to attract people with great insights over people with loads of money, we must build a system that would work for the great insightful minds — a system that will facilitate people with great insights to become the majority.
Besides, we found that it’s perhaps a salutary probe of exploring how the crowd perceives the value changing in various financial indexes, which would help us design derivative financial products. That means we actually could put not only token price but also derivative indexes into our prediction game, such as impermanent loss, interest rate... By observing the betting behavior, we could know how much users care about these indexes and what will happen if we utilize community vote to determine key parameters of a derivative defi product. That’s a precious data source to help us build better defi products.
Finally, we sincerely hope that you enjoy the new website and all that it has to offer! Click here to check it out.
We would also like to thank our amazing team who donated their time and energy to make this site what it is, and our partner Chainlink for providing on-chain price data regarding the opening and closing times of positions taken on Hakka Intelligence
For any questions, suggestions, or feedback, feel free to leave your comments on our decentralized forum: https://forum.hakka.finance/
Thank You!
