Bybit launches Demo Trading Tournament with big prize pool
Bybit launches Demo Trading Tournament with big prize pool
Starting on July 20, 2024, and running until August 3, 2024, the Demo Trading Tournament will allow traders to compete for a share of an 11,600 USDT prize fund.
Participants can join by registering for the event, opening a demo account, and applying for demo funds. To qualify for rewards, traders must accumulate a minimum trading volume of 10,000 USDT in demo trades. The rewards are based on PnL (%) rankings, with the top performer receiving 1,000 USDT. Prizes range from 1,000 USDT for the first place to 30 USDT for ranks 101 to 150.
The tournament is designed for both novice and experienced traders, providing a risk-free environment to practice and refine trading strategies.
Eligibility for the tournament requires users to complete Identity Verification Level 1 and register via their main account. However, market makers and Pro 3/4/5 users are excluded. The rewards will be distributed as coupons within 14 business days after the event's conclusion.
Bybit stresses the importance of adherence to its Terms of Service and reserves the right to disqualify participants engaging in dishonest activities. The exchange also retains the right to modify the event terms and the final interpretation.
This tournament reflects Bybit’s strategy to enhance user engagement and foster a supportive trading environment. It underscores the increasing focus on education and user experience in the cryptocurrency market.
As the crypto exchange landscape becomes more competitive, such initiatives could set a trend, emphasizing the role of learning and community in digital asset trading.
Founded in March 2018, Bybit serves more than 20 million registered users, offering access to over 660 assets and contracts across spot and crypto derivatives such as futures and options, launchpad projects, earn products, an NFT marketplace, and more.
See also: CoinEx unveils Learn to Earn initiative on July Brand Day
