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Gaurav Roy
Author
Gaurav Roy
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Fact Checked by
Medb Kiely-Cuddy
Author
Medb Kiely-Cuddy
Crypto exchange Bybit is hosting the ultimate decentralized trading (DEX) showdown, and you simply can’t miss the chance to help your favorite Web3 project become the leader while earning MNT crypto rewards yourself.
Bybit’s Web3 competition is the latest promotional campaign from its popular World Series of Trading (WSOT). The inaugural Bybit WSOT Dex Wave event was held in 2020, and each year, it gets bigger and better.
For crypto traders, this mega event offers the exciting opportunity to win a share of the 1,000,000 MNT prize pool. This total prize pool is divided into two parts: a 200,000 MNT daily reward and an 800,000 MNT grand prize.
So, how can you get your hands on these MNT crypto rewards?
Win Prizes Daily with Non-Stop Challenges
For traders, WSOT DEX Wave is an enticing opportunity to put their skills to the test and earn big rewards.
To win a share of 200,000 MNT rewards through lucky draws, traders must support projects. You can support up to three projects daily during the first three weeks of the Web3 competition, but in the last leg, you can only support one project a day.
To support projects, you have to vote for them. So, how do you vote? Well, for that, you’ll need Voting Points.
First, you have to earn Voting Points, which you can do through trading and completing daily tasks.
The tasks are simple, such as visiting a project’s social channels and following them.
For trading, you’ll need to use DEX Pro, Bybit Web3’s decentralized exchange, which offers more than 1 million tokens for trading. Make sure to trade daily—and a trade lot—because the higher the volume you trade crypto on DEX Pro, the greater your chances of winning. A trading volume of 500 USDT or more boosts your winning chances by 200%.
The Grand Prize of 800,000 MNT: Here’s How to Win it
The lucky draws are there to keep you entertained on a daily basis, but an even bigger win is waiting for you.
The ultimate grand prize pool of 800,000 MNT is divided into two parts. This includes a 600,000 MNT prize pool for those who vote for the winning projects. The top 500 supporters of the project in the top 10 will get a share of this pool.
But this isn’t even all. The winning project itself will be awarded prime listing, exclusive backing, and marketing support, so there’s a lot at stake for both the project and its supporters.
Given all that a project stands to gain in this competition—hosted by one of the largest crypto exchanges in the world with tens of millions of users—more than 100 decentralized projects and ecosystem partners are participating in Bybit WSOT DEX Wave.
The remaining 200,000 MNT of the grand prize will be distributed among the project supporters with more than 1000 Voting Points. This means you need to keep on earning more Voting Points, as the more you have, the higher your rewards. But how do you do that?
Here’s How to Earn More Voting Points
To amplify your chances of winning, you have to boost your voting power. The way to do that is by accumulating more voting points.
To earn more voting points, you have to trade more on Bybit’s DEX Pro. The exchange has created six tiers based on your trading volume.
The first tier involves trading volume between 0 to 10 USDT, which gets you 1 Voting Point. At the next tier, you earn 5 points for a volume between 10 to 50 USDT. If that volume doubles to 100 USDT, your rewards double to 10 points.
For trading volumes between 100 and 200 USDT, you are granted 20 Voting Points, which jumps to 50 for the 200-500 USDT range. The highest you can earn is 100 Voting Points for a volume above 500 USDT.
It’s clear that the more you trade, the more points you earn, and in turn, the bigger your chances of winning.
Here’s How Projects Can Earn More Points
For its Web3 competition, Bybit has also outlined a way for projects to earn points so that not only supporters but also the projects themselves are actively participating and helping their supporters’ efforts to become the Web3 superstar.
The simplest way for a project to earn points is by gaining more supporters. This is because projects receive the same number of Voting Points as those earned by their supporters each day.
Another way is to take part in challenges that Bybit will introduce throughout this event. Winning Bounty Quests will allow projects to earn additional Voting Points.
Additionally, if a project’s token is already listed on Bybit and secures a spot on the Spot Trading Volume Leaderboard, the project is rewarded with more points.
Last but not least, share the projects. So, if an ecosystem recommends a project, posts it on social media, and tags WSOT, then that project can get up to 200,000 additional Voting Points.
Perfect Opportunity for Crypto Traders to Win Big
With the most coveted trading competition of the year here, make sure you’re all set by installing the Bybit Wallet extension and setting up your Cloud Wallet to make history and win lucrative rewards.
This is your chance to win big. Go and start trading, voting, and completing tasks to become the champions of the Web3 revolution.
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