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Bybit App’s Lite mode, designed for beginners and those who need quick access to basic functions and products, makes it easy to access and take advantage of various core offers on the platform, including Megadrop, Easy Earn and Launchpool.
In this article, we’ll focus on Megadrop, a great way to access new, promising tokens before their public launch while also earning competitive APRs via Bybit’s Fixed-Term savings products.
Key Takeaways:
Bybit Megadrop is a service that allows you to earn free tokens of new, high-potential projects before their public release by accumulating points via investing in Fixed-Term yield-generating products, and completing additional tasks on the platform.
Bybit App’s beginner-friendly Lite mode makes it extremely easy to access Megadrop events in just a few taps.
Bybit Megadrop allows you to earn tokens of new projects before their public release by locking your funds in Fixed-Term, interest-bearing products on the platform. Some Megadrop campaigns may also have additional tasks to complete besides investing your funds in Fixed-Term savings products. For example, you may be asked to conduct a basic Spot trade on a specific day.
Fixed-Term products you need to invest in vary in tenure, and are typically based on durations such as 14, 30, 60 and 90 days. These investments generate competitive APRs, and the longer you lock your funds, the more Megadrop points you earn. By completing additional tasks, you can earn multipliers for these points.
At the conclusion of each campaign, you’re allocated a share of new tokens, based on your Megadrop points.
Participation in Megadrop events is open to Bybit individual users with verified identities who reside outside the European Economic Area (EEA).
Megadrop events provide two primary benefits to participants. First, you can earn competitive APRs on Bybit’s Fixed-Term products. Secondly, you earn free allocations of new tokens from promising projects before their public release. Bybit carefully vets these projects and therefore includes high-quality offers, meaning that their tokens have a good chance of experiencing market success upon their full release.
Furthermore, you get these tokens for free, rather than at any discounted price — which means you get value, regardless of their post-release market performance.
Before using Megadrop, ensure that you’ve downloaded and installed the Bybit App, registered your Bybit account, verified your identity and funded your account via one of the available methods, such as One-Click Buy, Internal Transfer, Convert, Crypto Deposit or Fiat Deposit.
Here’s how to use Megadrop via Bybit App’s Lite mode:
Step 1: Open the Bybit App, and tap on Lite at the top of the screen to ensure you’re using the Lite mode.
Step 2: Tap on the user icon at the top left.
Step 3: Tap on All Services, and then on Megadrop.
Step 4: You will see a list of all recent and current Megadrop campaigns. Choose the In Progress tab, review the currently available offers and tap on the one you’d like to join.
Bybit Lite makes it easy to access Megadrop offers and join them in just a few taps. These Megadrop events are an excellent chance for beginners and experienced traders alike to earn pre-release tokens from high-potential projects, while also benefiting from great APR rates on Bybit’s Fixed-Term products.
If you’re also looking for additional ways to grow your assets on the platform, you can always switch to Bybit App’s more advanced Pro mode, which provides access to more yield-generating products and campaigns offered by Bybit.
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