Friends who have the habit of placing orders might have recently noticed a new mechanism introduced by a major exchange. At first glance, it appears to be a standard point-based token exchange system for order placement, but a closer look at the design reveals that they actually put some thought into it — it only supports BTC/USDT trading pairs, requires two-way orders, must stay close to the order book, and you need to hold real funds in the order book for a sufficient amount of time for it to count.

This becomes interesting. On the surface, it encourages your participation, but in reality, it’s filtering — not for those who want to gamble on volatility, but for participants who are genuinely willing to provide stable liquidity. Coupled with a single transaction cap of 2 BTC, the entire mechanism appears quite restrained, without the sense of aggressive vampirism. From another perspective, this design is more pragmatic than mere marketing hype.