One great way to earn crypto without buying any is to take advantage of promotional campaigns offered by crypto platforms.
Bybit, a leading cryptocurrency exchange with 49 million users, is well-known for hosting several competitions that offer its users opportunities not only to win big prizes but also to refine their trading skills, gain more Web3 awareness, and level up their crypto game.
The exchange has created a popular global trading competition called the World Series of Trading (WSOT), which is returning this year with even more enthusiasm, bigger rewards, and far greater excitement.
The renowned WSOT offers the chance to get your hands on a Rolex watch, world travel tickets, a yacht, and a prize pool of up to 10,000,000 USDT. The Bybit WSOT DEX Wave is already underway and will run the entire month of October—so get ready to dive in!
Discover 100+ Web3 Projects and Grab Daily Prizes
Bybit’s WSOT 2024, one of the world’s largest crypto trading events, aims to advance this new era of decentralized trading. With this move, Bybit positions itself as more than just a CEX, aiming to be a key player in building the Web3 ecosystem.
The WSOT DEX Wave offers a prize pool of 1,000,000 MNT, with 200,000 MNT allocated to the lucky draws.
To enter the lucky draw, you must vote for your favorite projects, with the option to vote for up to 3 projects each day. You also need to complete tasks for each project you vote for.
Your odds of winning, meanwhile, depend on your DEX Pro trading volume. For example, trading between 10-50 USDT boosts your chances by 10%, while trading over 500 USDT can increase your odds by a massive 200%. So, trade more to boost your chances of winning in the lucky draw.
Before you get started, don’t forget to install the Bybit Wallet and set up your Seed Phrase to explore, vote for your favorite projects, and compete for these exciting rewards, as well as a share of the Grand Prize Pool.
Earning Voting Points to Boost Your Winning Odds
Before you begin competing for a hefty share of the big prize pool, know that there are a couple of ways to amplify your chances of winning.
The first is to trade crypto on DEX Pro daily. Your voting points depend on your trading volume, so the more you trade on its decentralized exchange, the more points you’ll earn.
According to the tiered structure, a trading volume of up to 10 USDT earns you 1 Voting Point. A trading volume between 10 to 50 USDT meanwhile increases your points to 5, with the highest being 200 points for a volume above 500 USDT. Given that Bybit’s DEX offers ease of use, a wide range of tokens, and advanced tools, you’ll have fun trading while earning additional points.
Another way is to complete daily tasks. These tasks involve visiting the project’s social channels, following the project on X (Twitter), and spreading the word around. By doing simple activities, you can earn extra points.
How to Get Your Hands on the Grand Prize Pool of 800,000 MNT
The WSOT DEX Wave’s Grand Prize pool of 800,000 MNT will be distributed to traders based on the best Web3 projects they vote for and the number of Voting Points they have.
A significant portion of this pool—600,000 MNT—will be shared by the top 500 supporters of the project that finishes in the top 10. Essentially, you’re voting to back the next Web3 superstar.
For instance, in the ongoing first wave, DEX AGNI Finance is in the leading, with infra project Orbiter Finance in 2nd place and derivative protocol Merkel Trade in the 3rd. There are a total of four waves, with each one lasting for a week.
The rest of the 200,000 MNT will be distributed among the project supporters with over 1000 Voting Points. So, the more voting points you have, the more MNT rewards you’ll receive.
Spot Listing Bonus and Bounty Quests for Extra Points
We’ve already talked about how users can significantly boost their chances of winning by earning more Voting Points. But what about the projects? Bybit gives Web3 projects several ways to earn Voting Points and emerge a winner.
For starters, projects receive the same number of Voting Points as their supporters earn each day.
Then comes the power of social media for promotion by supporters. Here, the ecosystem of a project can recommend the project by posting about it on platforms like X, Medium, blogs, and more while tagging WSOT. The project can earn up to 200,000 additional Voting Points.
Another way is by participating in a special surprise challenge that will run throughout the event, allowing projects to win Bounty Quests and earn more points. Climbing the Spot Trading Volume Leaderboard for your listed token will also earn you additional Voting Points. The higher your rank on the leaderboard, the more points you earn, and the better your chances to win.
Why Crypto Traders Are Rushing to Get Involved
Crypto trading competitions, simply put, are a fun way of earning money through a gamified experience. By participating in high-value competitions like Bybit’s WSOT DEX Wave, a crypto trader can put their skills to the test and earn incredible rewards.
So, don’t miss this opportunity to get a share of the 1,000,000 MNT prize pool. Head over to Bybit and start trading and voting now!
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The post How to Unlock Your Share of 1,000,000 MNT in Bybit’s WSOT DEX Wave Competition appeared first on ReadWrite.
