Bybit and SignalPlus Launch Exciting $300K Trading Challenge
Exciting Trading Competition Returns with Cashback Prizes
Recently, Bybit, one of the leading cryptocurrency exchanges globally, announced a recent revitalization of their trading competition in collaboration with SignalPlus, a digital asset trading platform. Traders are invited to join this exhilarating competition with an impressive prize pool of 300,000 USDT. This initiative aims to create an exciting and competitive environment for both novice and seasoned traders.
Registration and Structure of the Competition
The trading competition is set to run for a specified time, allowing traders to engage and maximize their participation. To join, traders need to register for the event, link their Bybit API to the SignalPlus platform, and carry out their trades via SignalPlus. Participants are encouraged to team up with others while also having the opportunity to compete individually in rankings.
Competition Sessions
This competition is divided into two key sessions designed to enhance user engagement and interaction:
Prime Session: This phase includes exciting daily lotteries enabling traders to win up to 300 USDT. Additionally, teams will vie for travel packages, shared USDT prizes, and weekly rankings that distribute 1,500 USDT among the top-performing teams.
Boost Session: This session includes innovative features like the "Legion Supply Station," where competitors can predict Bitcoin trends for a chance at daily prizes. Participants can also earn milestone-based rewards, offering up to 8,000 USDT each week.
Incentives and Rewards for Participants
Convenient initiatives such as registration bonuses and first trades will increase participation enthusiasm. Participants can share a separate prize pool of 1,000 USDT each, while an additional 300 USDT prize is awarded across both categories. Furthermore, generous referral bonuses available in ETH, TRUMP tokens, and various digital assets can help participants amplify their rewards.
Expert Insights and Training Sessions
In conjunction with the trading competition, Bybit recently hosted an Options Masterclass that aims to familiarize users with options trading through structured education. The event provided beginners with a foundational understanding of options' strategic applications, illustrated through engaging analogies and practical examples.
The class focused on the importance of mindset in trading, emphasizing that minimizing losses is a vital aspect of long-term success. Instructors advised participants to embrace losses, advocate patience, and manage their capital wisely. To transition from learning to practice, traders were assigned to execute their first options trade using a maximum of 100 USDT, allowing them to experience a complete trade lifecycle.
Global Participation Guidelines
Participation in this exciting competition is open to Bybit users worldwide, though specific regions are excluded based on regulatory guidelines. All entrants must complete Level 1 Identity Verification and comply with the competition rules set forth by Bybit and SignalPlus.
About Bybit
Bybit stands out as one of the world’s most prominent cryptocurrency exchanges, catering to a diverse global community. With over 70 million registered users, Bybit continues to evolve the trading landscape by fostering a seamless experience that integrates traditional finance (TradFi) and decentralized finance (DeFi). Their commitment to enhancing trader accessibility and rewards positions them as a hub for users keen on navigating the exciting world of digital assets.
Frequently Asked Questions
What is the prize pool for the Bybit and SignalPlus trading competition?
The total prize pool for the competition is 300,000 USDT.
How can participants register for the competition?
Participants need to register on the SignalPlus platform, link their Bybit API, and begin executing trades through SignalPlus to take part.
Are there different sessions in the trading competition?
Yes, the competition has two main sessions: the Prime Session and the Boost Session, each offering unique challenges and prizes.
Who can participate in the competition?
The competition is open worldwide with some regional restrictions based on regulatory laws.
What educational opportunities are available for participants?
Bybit offers a series of masterclasses focusing on options trading to help participants enhance their trading strategies and frameworks.
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