Bybit WSOT Copy Trading Fest: Mastering Markets With Pro Traders
The Bybit WSOT (World Series of Trading) has emerged as an annual highlight for the crypto trading community globally, bringing together the best traders for a series of competitive events. Among these, the Copy Trading Fest stands as a highly anticipated event, tailored to leverage the expertise of seasoned traders to the advantage of participants looking to enhance their trading strategies.
Key Takeaways:
Bybit WSOT Copy Trading Fest is a specialized competition within Bybit’s broader annual WSOT trading competition, designed to encourage Followers to track multiple Master Traders in order to enhance their profits and rise in rankings, and to encourage Master Traders to increase their profits and bring their Followers success.
Explore our article to find out how you can take part in Bybit WSOT Copy Trading Fest and win a share of the 200,000 USDT prize pool.
What Is Bybit WSOT Copy Trading Fest?
Bybit WSOT Copy Trading Fest is a specialized competition within Bybit’s broader annual WSOT trading competition. It’s designed to encourage Followers to track multiple Master Traders in order to enhance their profits and rise in rankings, and to encourage Master Traders to increase their profits and bring their Followers success.
Bybit WSOT Copy Trading Fest is being held from Oct 10, 2024, 10AM UTC through Oct 31, 2024, 10AM UTC, and features a total 200,000 USDT prize pool.
How Does Bybit WSOT Copy Trading Fest Work?
Bybit WSOT Copy Trading Fest’s unique setup allows participants to engage as either Master Traders or Followers. This decision is crucial, as it determines each participant’s role, strategy and interaction within the competition.
Master Traders’ PnL Rankings
The top 50 Master Traders with the highest PnLs will share a total prize pool of 100,000 USDT. Please note that PnL is calculated based on the total PnL generated as a Master Trader during the competition period, including both realized and unrealized PnL.
Followers’ Accumulated PnL
The top 100 Followers with the highest profits generated during the event period via Copy Trading will share the total prize pool of 100,000 USDT. Please note that PnL will be automatically determined by the highest cumulative PnL among participating account(s).
Terms & Conditions
1. The event runs from Oct 10, 2024, 10AM UTC to Oct 31, 2024, 10AM UTC.
2. Market Makers, Pro 3/4/5/6 users and Institutional users are not eligible for this event. Pro 1 and 2 users are eligible.
3. Users can participate in this event using their Main Account or any eligible Subaccounts.
4. Users must click on the Register Now button on this page during the event period to be eligible for rewards. After registering for WSOT 2024, users need to select to join as either a Master Trader or a Follower in order to participate in the Copy Trading Fest.
5. Once confirmed as a Master Trader or a Follower, users will not be able to switch roles during the competition. If the role of the participating account changes during the competition, the participant’s results will no longer be updated.
6. Master Trader PnL will be calculated based on the total PnL generated as a Master Trader during the competition period, including both realized and unrealized PnL. Follower PnL will automatically be determined by the highest cumulative PnL among participating account(s).
7. Master Trader PnL, Follower PnL, Master Trader Trading Volume and Follower Trading Volume will all be counted from the start of the competition.
8. If a Follower starts following a Master Trader before the competition begins, the Follower's initial account equity will be counted from the start of the competition.
9. If a Follower starts following a Master Trader after the competition begins, the Follower's initial account equity will be counted from the moment they start following the Master Trader.
10. During the competition, if a Follower stops copying the Master Trader, the Follower's account equity will be recorded at the time they stop copying, and any unrealized PnL will not be calculated.
11. Master Traders must achieve a Derivatives trading volume of at least $50,000 during the competition period to be eligible for rewards.
12. Followers must achieve a trading volume of at least $50,000 via Copy Trading during the competition period to be eligible for rewards.
13. Users must maintain a non-negative PnL during the competition period to be eligible for the PnL Rankings.
14. Rewards will be distributed to eligible users' Rewards Hub within 10 days after the event ends.
15. All participating users must strictly adhere to the Bybit Terms of Service. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.
16. Bybit reserves the right to modify the terms of this event without notifying users in advance.
17. Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our Customer Support.
How to Join the Bybit WSOT Copy Trading Fest
Now that you understand the mechanics of Bybit WSOT Copy Trading Fest, here’s a detailed guide to how you can participate in it and win a share of the total 200,000 USDT prize pool!
Step 1: Navigate to the Copy Trading Fest side event page and register for the event.
Step 2: Choose if you would like to compete as a Master Trader or as a Follower. Please note that once you’ve confirmed your role, you won’t be able to change roles during the competition. If you choose to switch roles, your PnL results will no longer be updated.
Step 3: If you choose to participate as a Master Trader, you may proceed to execute trades for your Followers to copy. Note that you’ll need to achieve a Derivatives trading volume of at least $50,000 during the competition period in order to be eligible for rewards. If you choose to participate as a Follower, you may proceed to select at least one Master Trader in order to mirror their trades. Note that you’ll need to achieve a trading volume of at least $50,000 via Copy Trading during the competition period in order to be eligible for rewards.
Step 4: You can monitor your ranking by scrolling to the bottom of the Bybit WSOT Copy Trading Fest page. Simply toggle between the Master Trader Rankings and Followers Rankings tabs. You'll also be able to see the total prize pool unlocked for the competition below the rankings. Remember, the more participants the competition has, the higher the prize pool!
The Bottom Line
Bybit WSOT Copy Trading Fest not only bridges the gap between novice and seasoned traders, but also fosters a competitive yet collaborative trading environment. Participants have the chance to enhance their trading skills, learn from the best in the field and potentially earn substantial rewards based on their performance. Whether as a Master Trader leading the way or a Follower honing their skills, Bybit WSOT Copy Trading Fest offers valuable opportunities for growth and success in the dynamic world of crypto trading.
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