Bybit is shaking up the trading world with its latest Demo Trading Tournament, offering participants a chance to win a share of the 27,300 USDT prize pool without risking any capital. This innovative event is perfect for those who haven’t traded derivatives before, allowing them to trade and earn with unlimited demo funds.
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Event Details and Registration
The Demo Trading Tournament runs from June 19, 2024, at 10 AM UTC to July 19, 2024, at 10 AM UTC. Participants can register now on Bybit’s tournament announcement page to secure their spot.
How to Participate
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Once your account has been created, participating in demo trading competition is simple and involves just four steps:
- Register for the Tournament.
- Open a Demo Account.
- Apply for demo funds through the demo account.
- Meet the Trading Volume Requirement.
You must accumulate a minimum trading volume of 10,000 USDT via Demo Trading to qualify for rewards. Because you can apply for unlimited funds and there is no risk to demo trading, the volume requirement is not going to be a problem for anyone.
Rewards Based on PnL Rankings
Rewards are distributed according to participants’ PnL(%) rankings. Here’s the breakdown:
- 1st Place: 1,000 USDT coupon with a minimum trading volume of 50,000 USDT.
- 2nd Place: 800 USDT coupon with a minimum trading volume of 50,000 USDT.
- 3rd Place: 500 USDT coupon with a minimum trading volume of 50,000 USDT.
- 4th to 10th Place: 300 USDT coupon with a minimum trading volume of 30,000 USDT.
- 11th to 50th Place: 200 USDT coupon with a minimum trading volume of 20,000 USDT.
- 51st to 100th Place: 100 USDT coupon with a minimum trading volume of 10,000 USDT.
- 101st to 300th Place: 50 USDT coupon with a minimum trading volume of 10,000 USDT.
Even if you manage to place in top 300 by profit and loss percentage, you stand to win $50 USDT coupon. This coupon money can not be withdrawn from the exchange, but it can be used to offset any trading fees.
Important Participation Terms
To be eligible for the rewards, participants must complete Identity Verification Lv. 1, as only verified users can join the event. Also, users must register through their main account (not subaccounts). Ensure to click the “Register Now” button on the event page using the main account to be eligible.
Participants must note that the Demo Trading rewards are available only to those who haven’t traded via Demo Trading before. The prize pool is designed to encourage new traders to experience derivative trading without financial risk.
Find more exchanges with demo trading
Bybit’s Demo Trading Tournament is an excellent opportunity for aspiring traders to hone their skills, compete for lucrative rewards, and experience the excitement of trading in a risk-free environment. Don’t miss out on this chance to learn and earn! For more details and to participate, visit the Bybit event page and register now.
