Bybit WSOT DEX Wave: Vote Your Favorite Web3 Projects to Victory
It’s once again time for the annual Bybit World Series of Trading (WSOT) that not only fuels competitive spirit across the globe, but also consistently innovates by introducing exciting side events. One such event in this year’s edition is the WSOT DEX Wave, in which users play a part in helping their favorite web3 projects get a chance to film with Bybit CEO Ben Zhou or receive a direct CEO review for Bybit Spot and Perpetual contracts listing.
Read on to find out how you can take part in Bybit WSOT DEX Wave and vote your favorite web3 projects to victory!
Key Takeaways:
Bybit WSOT DEX Wave is a standout event within the WSOT framework, designed to immerse users in the expansive world of major web3 chains and projects.
Explore our article to find out how you can win a share of the 1,000,000 MNT prize pool.
What Is Bybit WSOT DEX Wave?
Bybit WSOT DEX Wave is a standout event within the larger WSOT framework, designed to immerse users in the expansive world of major web3 chains and projects. Running from Oct 1 to Oct 31, 2024, this event motivates participants to actively trade and engage with project-specific tasks in order to earn WSOT points. These points empower users to support and vote for up to three favored web3 projects each day.
With the largest number of ecosystem partners in the sector (over 100 DeFi partners), the DEX Wave chapter of this year’s WSOT offers the web3-curious a snapshot of what Bybit Web3 has to offer. Bybit WSOT DEX Wave is the world’s first DEX talent competition that democratizes the space, inviting participants to choose the next web3 star project from an astounding lineup of over 100 groundbreaking initiatives all in one arena through a voting mechanism.
Traders who compete in the DEX Wave competition earn points that they can use to vote for their favorite web3 projects. Participants also have a chance to win a share of both the 200,000 MNT lucky draw and an 800,000 MNT prize pool, which will be distributed among those who back the top 10 projects.
How Does Bybit WSOT DEX Wave Work?
WSOT DEX Wave’s mechanics are crafted to amplify both participation and competition. Participants begin their journey either by creating a new web3 wallet, or connecting an existing one to Bybit Web3 DEX Pro. This setup enables them to engage directly with the DEX and start their trading activities, which is essential for accumulating points.
Earning WSOT Points
Each day, participants can earn up to 100 WSOT points based solely on their trading volume on Bybit Web3 DEX Pro. The more they trade, the more points they receive — which not only allows users to award more points to up to three projects per day, but also entitles them to enter a daily lucky draw. This draw pulls from a sizable total pool of 200,000 MNT, adding an exciting layer of luck and opportunity to the competitive trading.
Voting and Supporting Projects
Beyond personal trading, participants can vote for their favorite crypto projects by engaging with specific project tasks. These may include following a project’s X account, visiting its dedicated pages, or sharing project information on social media platforms. Completing these tasks not only helps these projects gain exposure and climb the rankings, but also allows the participants to accumulate additional WSOT points.
Project Rewards
Highlighting the commitment to fostering innovation and growth within the web3 ecosystem, Bybit ensures significant rewards for standout projects. The highest-ranking project at the conclusion of the competition will win an exclusive opportunity to be featured in a documentary entitled Journey with Ben. Moreover, the top ten projects will be considered for direct CEO reviews for potential Bybit Spot and Perpetual listings, providing a large boost in visibility and potential market traction. This level of support emphasizes Bybit’s role as an industry leader in promoting and integrating web3 projects into the broader crypto ecosystem.
Individual Rewards
Participants who support a project that lands in the top ten and wins the popularity section of the competition will share in a substantial final prize pool of 800,000 MNT.
WSOT DEX Wave’s structure ensures that both traders and projects are actively engaged in a mutual journey toward growth and visibility within the crypto ecosystem, making it a unique blend of competition, strategy and collaboration.
Terms & Conditions
How to Join Bybit WSOT DEX Wave
Now that you have a better understanding of what the Bybit WSOT DEX Wave side event is all about, here’s how you can join in and play a part in voting your favorite web3 projects to victory!
Step 1: Sign up for the Bybit WSOT DEX Wave side event by creating a new web3 wallet or connecting an existing one.
Step 2: Trade on Bybit Web3 DEX Pro daily to collect up to 100 WSOT points. These points will entitle you to a daily lucky draw of the 200,000 MNT total prize pool. The higher your trading volume, the more WSOT points you’ll receive.
Step 3: Complete two tasks daily, such as visiting the project’s page and sharing its info on social media sites.
Step 4: With your accumulated WSOT points, vote for your favorite projects (up to three daily) to help them climb in ranking.
Keep an eye on project rankings and support your chosen projects to maximize both your chances of winning!
The Bottom Line
Bybit WSOT DEX Wave is more than just a competition: it's a celebration of the capabilities of the web3 ecosystem. Whether you're a trader looking to showcase your skills, a crypto enthusiast interested in evolving market dynamics or a supporter of emerging crypto projects, Bybit WSOT DEX Wave offers a comprehensive platform for engaging with the future of trading. Dive in and compete for a chance to surf your way to success!
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