Bybit Introduces Innovative Onchain Wave Trading Competition
Bybit Launches Competitive Trading Event on Solana
Bybit, one of the leading cryptocurrency exchanges worldwide, has unveiled a groundbreaking trading event on the Solana blockchain. This competition, known as the World Series of Trading (WSOT), represents the first Onchain Wave of its kind, featuring over $1 million in rewards. Participants can sign up and compete using Bybit Web3 and Byreal platforms, with both centralized and decentralized exchange users sharing the same leaderboard.
Event Highlights and Aims
The WSOT Onchain Wave aims to foster collaboration within Solana's vibrant ecosystem. A range of top-tier projects and promotions contributes to the trading experience, making it attractive for diverse participants. Bybit's approach integrates innovations that enhance user engagement and trading capabilities.
Notable partners in this initiative include prominent players like xStocks, Sanctum, DeFiTuna, Sonic SVM, CUDIS, and Fragmetric. Each brings unique strengths to the competition, enhancing liquidity and improving trading opportunities for users.
Collaboration with Byreal
A key aspect of this event is the collaborative effort with Byreal, emphasizing Solana's impressive speed and scalability. This partnership underscores a commitment to delivering high-quality trading experiences with exceptional transparency. The goal is not just to conduct trades but to establish a competitive arena for every participant in the decentralized finance community.
Exciting Reward Structure
The WSOT Onchain Wave presents a dynamic reward system designed to encourage participation and competition:
- Weekly Competition: 250 BBSOL allocated to the top 200 traders each week, totaling 650 BBSOL over four weeks.
- Grand Competition: 1,650 BBSOL awarded to the top 1,000 traders who perform best during the event.
- 6th Anniversary Bonus: Special rewards for traders finishing in 6th place as part of the WSOT’s anniversary celebrations.
- Warrior Reward: Traders reaching $10,000+ in volume can share a 900 BBSOL pool, irrespective of their leaderboard standings.
- Byreal-Exclusive Rewards: Liquidity providers will benefit from daily payments from a significant 650,000 USDC pool.
How to Participate
Interested participants can join the WSOT Onchain Wave by following these steps:
- Bybit Web3: Sign in with an existing Bybit account and trade WSOT-marked assets through the Bybit Web3 interface. Ensure that Individual Identity Verification Level 1 is completed, and use Bybit app version 5.0.0 or higher.
- Byreal: Currently accessible through a whitelist only, with entry via a Solana wallet connection. Active Solana users are eligible for whitelist inclusion shortly after registration.
Trading of WSOT-affiliated tokens contributes to both weekly and overall rankings. To qualify for rewards, traders must meet minimum volume thresholds ranging from $5,000 to $500,000 based on their ranking.
Transforming the Future of Trading
This inaugural Onchain Wave marks a significant evolution in the WSOT narrative, embracing a modernized approach through onchain methodologies while celebrating its sixth anniversary. The combination of competitive spirit and innovative trading technology sets the stage for an engaging event.
As part of the initiative, participants should be aware that certain restrictions and requirements apply. For comprehensive rules and other pertinent information, users can refer to the WSOT 2025 guidelines directly on the Bybit platform. Bybit is committed to providing an inclusive and rewarding trading environment for all its users, enhancing their overall experience.
Frequently Asked Questions
What is the WSOT Onchain Wave?
The WSOT Onchain Wave is a competitive trading event hosted by Bybit on the Solana blockchain, featuring over $1 million in rewards.
How can I participate in the WSOT?
Participants can join via Bybit Web3 or Byreal platforms, ensuring they meet the necessary verification and app version requirements.
What types of rewards are available?
The rewards include weekly competitions, grand prizes, special bonuses for anniversary placements, and exclusive liquidity provider rewards.
What are the eligibility criteria for rewards?
To qualify for rewards, traders need to meet minimum trading volume requirements which vary based on leaderboard rankings.
Is it necessary to have a Solana wallet for participation?
Yes, a Solana wallet connection is required to participate via the Byreal platform, currently available on a whitelist basis.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.