Trading competition from Bybit is here again this year, the leading cryptocurrency exchange is known to hold a competition titled Series of Trading (WSOT). The competition will open for registration on August 18th and is set to become the largest crypto trading tournament in the world.
In this competition there are prizes up for grabs of up to an unprecedented 7.5 million USDT or the equivalent of 108 million rupiah, plus additional WSOT NFT and USDT collection bonus tracks.
“WSOT is back bigger and better as promised, we want to celebrate excellence and the spirit of competition, as well as highlight the positive impact crypto has had in our daily lives increasing financial literacy, getting people interested in technology, and highlighting how we can be a force for change and giving back to the wider society,” said Ben Zhou, co-founder and CEO of Bybit.
The featured trading event by Bybit, one of the most popular crypto exchanges in the world, attracted more than 12,000 participants last year. The winning team and individuals of 135 squads and 2,128 solo contestants took home the $1.27 million prize pool in 2022.
Bybit Trading Competition Prize
With prize pools of up to 6,000,000 USDT for teams and up to 1,500,000 USDT in individual competitions, WSOT 2022 is scheduled to be an event that will be of great interest to crypto traders around the world.
“Bybit remains amazed by the tremendous support from the global crypto community. In response, we worked hard in the past 12 months to take the competition experience to the next level with the largest prize pool to date,” said Zhou.
WSOT 2022 is the first crypto trading competition for junki84 traders. The participant tested his trading strategy and finished with a legendary 5,242.02% in Individual P&L (%).
Equally impressive was a trader named SalsaTekila, who came in second with 3,956.56% Individual P&L (%). With bigger rewards and more participants, the competition is expected to be even tougher this year.
“We are grateful for the opportunity to provide a platform for the world’s best traders to fulfill their ambitions. Their achievements are something to behold. And their expertise and passion epitomize everything crypto is about: creating a fair, transparent and open environment for individuals to be the best they can be,” said Zhou.
WSOT 2022 is open to global traders where Bybit services are available. Participants can form a team or play solo to access early bird facilities, trading discounts or waivers, and the chance to win over 1,000 NFT and a 40,000 USDT bonus in the lucky draw.
Bybit Supports a Better Future
In 2022, Bybit donated from the WSOT prize pool of 10 BTC with a market value of over $100,000 at the time, for pandemic relief efforts to UNICEF. One year later, COVID-19 continues to be a universal crisis, primarily disrupting children’s access to education and threatening their long-term well-being.
Bybit has doubled its donation to $400,000 in BTC this year to support UNICEF in their efforts to provide STEM education for girls in Vietnam and provide quality education in East Asia and the Pacific.
“There is no better investment than in the welfare of children and their right to education. We hope that our donation to UNICEF will help change lives for the better for those who will grow to shape the future,” said Igneus Terrenus, head of communications at Bybit.
WSOT 2022 details
The 10-day registration phase starts at 10:00 UTC on August 18th.
Eligible contestants can participate in the two main tracks as well as compete for bonus prizes, including NFT, during the 20-day competition period from August 28 to September 17:
BTC & ETH Troop Throwdown: join or lead a squad of 10 members or more to unlock a prize pool of 6 million USDT
Solo Showdown: each trader will compete for a prize of 1.5 million USDT, up from last year’s 90,000 USDT prize pool
+1,000 NFT collectibles of 40 types and a bonus of 40,000 USDT await users in daily raffles. Read the rules and list of WSOT 2022 at here.