Bybit launches Demo Trading Competition with 5,200 USDT prize pool
Bybit, a leading cryptocurrency exchange, has announced a Demo Trading Competition, allowing participants to trade without financial risk while competing for a share of a 5,200 USDT prize pool.
The competition is designed to provide traders with a platform to hone their skills using virtual funds, thereby eliminating the potential for real-world losses.
Competition details
To participate, individuals must follow these steps:
1. Register for the event: Interested participants need to sign up for the competition through Bybit's official event page.
2. Open a demo account: After registration, participants should create a demo account and apply for virtual funds to commence trading.
3. Achieve minimum trading volume: Participants are required to accumulate a minimum trading volume of 50,000 USDT in demo trading to qualify for rewards.
The competition period spans from January 22, 2025, 10AM UTC to February 5, 2025, 10AM UTC. During this time, traders can engage in simulated trading activities without risking actual capital.
Reward structure
Rewards will be distributed based on participants' Profit and Loss Percentage (PnL %) rankings. The top performers will receive USDT coupons as follows:
1st Place: 500 USDT.
2nd Place: 300 USDT.
3rd Place: 200 USDT.
4th to 10th Place: 100 USDT each.
11th to 50th Place: 50 USDT.
51st to 100th Place: 20 USDT.
101st to 150th Place: 10 USDT.
This tiered reward system incentivizes higher trading volumes and better performance among participants.
Terms and conditions
Eligibility for the competition requires participants to complete Identity Verification Level 1. Additionally, users must register through their main accounts to be considered for rewards.
Bybit emphasizes adherence to its Terms of Service and reserves the right to disqualify participants engaging in dishonest or abusive activities, such as bulk-account registrations or fraudulent practices.
Bybit's Demo Trading Competition offers a unique opportunity for traders to practice and refine their strategies in a risk-free environment. By providing virtual funds and a competitive platform, Bybit aims to foster skill development and engagement within the trading community.
Reminder, Bybit offers exclusive event with 110,000 UXLINK giveaway.
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