| Bybit’s Spring Margin Trading Competition | |
|---|---|
| Prize Pool | 20,000 USDT |
| Events | Margin Trading Competition | Lucky Airdrop | New Users Exclusive Rewards |
| Event Period | 10:00 on April 26, 2024 to 09:59 on May 25, 2024 (UTC) |
Starting off in trading can be a haunting experience, with your money on the line and limited knowledge on crypto exchanges. However, the Bybit’s Spring Margin Trading Competition provides a fantastic opportunity to trade with confidence while enjoying numerous additional benefits. This event not only allows you to trade and aim for larger profits, but it also provides extra perks like a referral program and commission bonuses. The higher your margin trading volume, the more you stand to gain, including a chance to win a lucky draw. Essentially, this competition encourages you to learn and improve your trading skills while offering the potential to earn substantial rewards.
Bybit’s Spring Margin Trading Competition
The Spring Margin Trading Competition thrives on creating a competitive yet rewarding environment for traders of all experience levels. Whether you’re a novice looking to get started or an experienced trader aiming to boost your portfolio, this competition is designed to accommodate all. By leveraging the referral program, you can invite friends and earn commission for every trade they make, creating a network of traders supporting each other. And the event’s lucky draw adds to the fun where you stand a solid chance to win even more rewards,adding excitement to every trade.
Event Period: Apr 26, 2024, 10AM UTC – May 25, 2024, 9:59AM UTC
Eligibility
- Click “Register Now” to participate in the Bybit’s Spring Margin Trading Competition and qualify for rewards.
- Only users with Identity Verification Lv. 1 can join.
- New account registrants during the event can claim rewards.
Event 1: New Users Exclusive Rewards
Bybit always has something up its sleeve for new users, offering incentives to encourage trading and referrals. If you’re a new user, you can enjoy special rewards by participating in the latest Bybit challenges. For instance, in the current challenge, if you complete your first Margin trade of at least $200, you could receive a reward of up to 10 USDT. The total prize pool of 14,800 USDT will be distributed on a first-come, first-served basis, so it’s best to act quickly.
For this event Bybit has also introduced a referral benefit which will give you a fantastic opportunity for those who have friends interested in trading. By inviting them, you can earn rewards and commissions. If you refer someone who completes a trade, you can win 1,710 USDT and even earn up to 30% commission on every trade your referees make. This creates a win-win situation where you and your friends can benefit from the trading activities, turning your network into a source of additional income.
Event 2: Margin Trading Competition
Compete to share a 4,600 USDT prize pool. Rankings and rewards are determined by each user’s cumulative Margin Trading volume during the event period. The breakdown of the prize distribution is as follows:
| Margin Trading Volume Ranking | Reward (USDT) |
|---|---|
| 1 | 700 |
| 2 | 300 |
| 3 | 200 |
| 4 | 100 per user |
| 11-50 | 30 per user |
| 51-100 | 20 per user |
| 101-200 | 5 per user |
The more you trade, the higher your chances of reaching the top ranks and earning greater rewards. Aim for the top to maximize your share of the prize pool.
Event 3: Lucky Airdrop
If you accumulate over $1,000,000 in total Margin Trading volume during the event period, you could be eligible for a special airdrop prize of 300 USDT. The system will randomly select two lucky winners who meet this trading volume criterion to receive the airdrop.
Terms and Condition:
To ensure a fair competition, Bybit has outlined the following rules and conditions for the event:
- This event is exclusively for retail users and VIPs. Institutional users and Market Makers cannot participate.
- The prize pool for Event 1 is 14,800 USDT, distributed on a first-come, first-served basis. Participants in Event 2 must meet specific cumulative Margin Trading volume thresholds to qualify for prizes. For instance, the first-place winner must trade a minimum of $4,000,000, while the second- and third-place winners must trade at least $2,000,000 each. Those ranked 4th to 50th are required to trade a minimum of $1,000,000, and those placed 51st to 200th must trade at least $500,000. The winner of the Lucky Airdrop will be randomly selected by our internal system.
- Only Margin Trading volume accumulated during the event period will be considered. Eligible trading volume excludes stablecoin trading pairs, zero-fee trading pairs, and wash trades.
- The competition results will be announced within six (6) working days, and rewards will be deposited into users’ Bybit accounts within seven (7) working days after the event ends.
- Sub accounts cannot participate independently. Trading volume from Sub Accounts will count towards the Main Account.
- Bybit strictly prohibits any form of cheating, including wash trading, creating multiple small accounts (batch registration), self-trading (buying and selling from the same account), and coordinated transactions. Any such activities will undergo thorough review, and associated trading volumes will be excluded from the event statistics.
- This event is only open to certain regions. Participants must ensure their region is eligible before registering.
- All participants must adhere strictly to Bybit’s Terms of Service. Bybit reserves the right to disqualify any participants engaged in dishonest or abusive activities during the event, including bulk-account registrations to acquire additional bonuses and any other activities related to unlawful, fraudulent, or harmful purposes.
Perfect Your Trade With Spring Margin Trading Competition
Regardless of your experience level, everyone has an equal chance to participate in Bybit’s Spring Margin Trading Competition and excel. This event serves as an excellent platform for beginners to learn the ropes of margin trading in a competitive yet supportive environment. With so many incentives and a prize pool that grows with your trading activity, the Spring Margin Trading Competition is an opportunity you don’t want to miss. Sign up now to start your journey and maximize your trading potential.
