In this tutorial, we’ll explore how you can complete a series of tasks in Nad.fun for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Nad.fun for the 

Task: Complete quests on Nad.fun with your Bybit Wallet

button in the upper-right corner of the page to connect your wallet (such as the Bybit Wallet).

: Complete the available tasks listed under 

: Enjoy an exclusive 1.2x multiplier on your weekly leaderboard points when you use your Bybit Wallet to participate!

Beginner

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How to complete Nad.fun tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Belief Market for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Belief Market for the 

Task: Complete quests on Belief Market with your Bybit Wallet

 and enter your email address to sign up for the newsletter. Upon completion, you’ll receive 100 Belief Points (BPs) and a unique referral link.

: Use your referral link to invite friends and earn rewards at four milestones.

If you’re a Bybit user, you’ll be able to enjoy additional rewards for milestones 2, 3 and 4! For example, users who complete the third milestone will receive 2,000 BPs, while those who complete the fourth milestone will receive 4,000 BPs.

. The NFT rewards you’ve earned will be displayed in your profile.

: Once you’ve reached a milestone, you’ll receive an NFT representing your earned BPs and multipliers. This NFT will be sent to your Base wallet.

Your total BPs = (sum of all BPs) × any 3x multipliers you hold

Whenever you reach a milestone, you’ll receive an email from Belief Market. Reply with your blockchain wallet address, or join 

 channel and provide your address there. Once you receive your NFT, it represents your BPs. These NFTs will be converted to Belief Tokens when the token is released.

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How to complete Belief Market tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Plato for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Plato for the 

Task: Complete quests on Plato with your Bybit Wallet

: Sign up for an account through the exclusive 

: Enter your email address and phone number, and verify your account. 

: Download the Plato app and sign in to your account. 

Once the app is downloaded onto your device, simply eat to earn FAT rewards! 

At the end of the event, users with the top amount of FAT rewards earned on the Plato Testnet will win rewards!

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How to complete Plato tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in PumpBTC for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on PumpBTC for the 

Task: Complete quests on PumpBTC with your Bybit Wallet

: Once your wallet is connected, enter the amount you’d like to stake. Then, click on 

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How to complete PumpBTC tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Wumbo for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks in Wumbo for the 

Task: Earn points by Testnet trading with Bi-directional Perps and Burst-LPs on Wumbo

in the upper-right corner of the page. Connect your Bybit Wallet to receive 500 points.

: Trade on the Wumbo Testnet using your newly earned points. Your points will be converted into mainnet rewards once the Testnet event ends. 

: To trade Bi-directional Perps, you’ll first need to select a token pair you’d like to bet on by clicking on the drop-down menu.

: Select the amount of points you want to bet (1, 10 or 100).

button and your position will run for 60 seconds. It starts at 0 and increases in value as the token pair’s price moves in either direction.

: You can stop at any time to lock in your earnings by clicking on the 

: To create a new position, you’ll first need to click on 

tab. Just as with Normal LPing, Burst-LPing is a bet that the price will return back to near where it started.

: This lets you LP with extreme leverage (100–10,000x) for a short amount of time. Your position starts at the same value as your deposit. 

button to start market making. In the beginning, the impermanent loss will outweigh any fees you earn, but over time, as the price bounces back and forth, the fees will accumulate. 

: Just as with Bi-directional Perps, you can stop and reset at any time.

You can try out these two Wumbo products first in order to understand how they work before going live with real USDC on the Monad Mainnet. Any points you earn here can be kept for Wumbo’s eventual launch events. 

: There’s an exclusive 5x multiplier on points!

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How to complete Wumbo tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Mu Digital for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Mu Digital for the 

in the upper-right corner of the page to connect your preferred wallet (such as the Bybit Wallet). 

: You can proceed to mint muBOND with MON or USDC.

: Obtain at least one egg from the Mu Digital Easter Egg Hunt event. 

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How to complete Mu Digital tasks for the Bybit x Monad ecosystem airdrop

A wallet address is a group of letters and numbers used for sending and receiving cryptocurrencies and other digital assets. It can be shared to facilitate digital transactions.

Wallet Address

An airdrop is a type of marketing strategy that involves sending crypto wallet addresses a few tokens or coins in exchange for small tasks, such as sharing a social media post. This is usually done to increase public awareness of a new cryptocurrency.

Airdrop

An algorithm is a finite sequence of instructions used to perform a calculation or to process data. These instructions must be completed in a specific order to produce the desired result.

Algorithm

All-time high, or ATH, is a term that refers to the highest historical price a cryptocurrency has reached since its initial launch.

All-Time High (ATH)

All-time low, or ATL, is an abnormally low price point. A crypto asset reaches its all-time low when the price of its coin is lower than it has ever been before.

All-Time Low (ATL)

An angel investor is an individual, usually of high net worth, who provides funding for entrepreneurs or startups in exchange for a percentage of ownership in the venture.

Angel Investor

Anti-money laundering, or AML, is any type of method that prevents criminals from moving illicit funds with crypto.

Anti-Money Laundering (AML)

Arbitrage is the buying and selling of the same asset concurrently in different crypto markets to earn a profit from the temporary price differences that are due to market inefficiencies.

Arbitrage

ASIC stands for application-specific integrated circuit, which has superior mining capability compared to traditional graphics cards. Cryptocurrencies with ASIC-resistant qualities cannot be mined with ASIC mining rigs.

ASIC-Resistant

Ask price is the lowest price at which a trader is willing to sell an asset, security or cryptocurrency.

Ask Price

An atomic swap is an automatic exchange of cryptocurrencies from different blockchains, facilitated by a hashed timelock contract (HTLC), without the need for centralized third-party trading platforms.

Atomic Swap

An automated market maker (AMM) is a system that facilitates automated trading on a decentralized exchange through crypto liquidity pools funded by liquidity providers.

Automated Market Maker (AMM)

Beacon Chain is a blockchain that lays the foundation for Ethereum 2.0, managing the registration of validators and the staking process to facilitate the proof of stake (PoS) protocol.

Beacon Chain

A bear market occurs when a market undergoes an extended price decline, which can last for anywhere from a few weeks to many years.

Bear Market

A bear trap is a coordinated effort that involves selling an asset to produce a short-lived dip in the asset’s price.

Bear Trap

BEP 2 stands for Binance Chain Evolution Proposal 2. It’s a tokenization standard used on the Binance chain system that ensures cryptocurrencies will enjoy a smoother and more seamless integration with each other on the system.

BEP 2

Bid-ask spread represents the difference between the bid — the price buyers are willing to pay — and the ask, which is the price sellers are willing to accept to trade a financial instrument.

Bid-Ask Spread

Bid price is the highest price that a potential buyer is willing to pay for an asset or commodity.

Bid Price

A Bitcoin dead cat bounce refers to the brief recovery of Bitcoin prices from an extended decrease in prices. A dead cat bounce is usually followed by a noticeable downward trend.

Bitcoin Dead Cat Bounce

A blockchain address is a form of identification, usually comprising a sequence of alphanumeric characters unique to a specific user. It serves as the primary way to receive and send cryptocurrencies on a blockchain network.

Blockchain Address

A block producer is a decentralized entity that exists on delegated proof-of-stake (DPoS) blockchains to create, process and verify a block of transactions on the network.

Block Producer

Blockchain 3.0 is the next blockchain development stage after Blockchain 2.0. It aims to resolve existing issues in the blockchain industry to facilitate mainstream adoption.

Blockchain 3.0

The term blockchain bridges refers to channels that facilitate the transfer of cryptocurrencies or information from one blockchain to another by converting them to derivatives of the target blockchain through interoperation.

Bridges

BUIDL is a technical term, similar to “HODL.” It refers to a crypto investment strategy whereby traders need to actively build and contribute to the existing system to improve its status.

BUIDL

The term “bull market” describes an extended period of rising crypto prices and optimistic investors. During a bull market, prices are high and the public isn't concerned about potential downturns.

Bull Market

Buy walls and sell walls refer to the act of trying to manipulate market prices by placing a massive buy or sell order. This is usually done by “whales” (large shareholders) who want to ensure that prices don’t fall below what they consider acceptable.

Buy Walls and Sell Walls

Censorship resistance in blockchain networks prevents external parties from modifying the transactions on the network. It’s designed to promote transparency and decentralization in crypto.

Censorship Resistance

A centralized exchange (CEX) is a third-party platform that’s privately managed by a central organization and facilitates transactions of crypto assets between buyers and sellers.

Centralized Exchange (CEX)

A chain split refers to a cryptocurrency fork in which the cryptocurrency code of a coin is separated to generate new cryptocurrencies that are independent from the original blockchain.

Chain Split

Circulating supply refers to the number of tokens or cryptocurrencies currently available for trade. It’s a portion of the total supply publicly available for circulation.

Circulating Supply

A consensus mechanism, also known as a consensus protocol, allows a distributed system of computers to work together and stay secure. There are many different types of consensus mechanisms, but the most common are proof of work (PoW) and proof of stake (PoS).

Consensus Mechanism

The term "consortium blockchain" refers to a group of private blockchains, each owned by individual institutions that have banded together to share information to improve existing workflows, transparency and accountability.

Consortium Blockchain

Decentralized autonomous organizations (DAOs) are democratized internet-native groups of compatible individuals. DAOs work on the principles of flattened hierarchy and transparency and come together to achieve a common agenda.

Decentralized Autonomous Organization (DAO)

Decentralized Finance, or DeFi, is a movement based on the idea that financial structures should be free from the control of any single entity, government, or third party.

Decentralized Finance (DeFi)

Decentralized exchanges, or DEXs, are platforms which enable peer-to-peer transactions of cryptocurrencies to occur without the need for brokers.

Decentralized Exchange (DEX)

Delegated proof of stake (DPoS) is a type of consensus algorithm used by blockchain networks to reach an agreement on the status of a ledger. It allows a subset of network participants, called “delegates,” to do this on behalf of the network.

Delegated Proof of Stake (DPoS)

Dogecoin is a peer-to-peer altcoin with a fascinating birth story. It’s a cryptocurrency that started as a joke in 2013, and has since exceeded expectations as one of the most valuable cryptocurrencies currently on the market.

Dogecoin

DYOR is short for “Do Your Own Research,” a disclaimer often used in crypto investment opinions online to remind users to take responsibility for their own investment decisions.

DYOR

Ethereum Improvement Proposal (EIP) refers to any document with suggestions for improving the protocol, network and contract standards on the Ethereum blockchain. Any community member can propose new features and processes.

Ethereum Improvement Proposals

A cryptocurrency ETF is a fund that consists of a number of cryptocurrencies or crypto futures that investors can purchase to immediately diversify their holdings.

Exchange-Traded Funds (ETFs)

A fill-or-kill (FOK) order is a type of conditional, short-lived trade that must be fulfilled immediately. Otherwise, the order will be canceled.

Definition: Fill or Kill Order (FOK)

A crypto fork, or simply “fork,” refers to a split or change in a blockchain’s network, specifically in terms of the software protocol it uses to determine an existing rule’s or transaction’s validity.

Fork

FUD refers to fear, uncertainty and doubt, which can be a common tactic used to strike fear in users in order to manipulate cryptocurrency prices downward.

Fundamental analysis is a method for determining a particular crypto asset’s intrinsic value, and assessing internal and external financial and economic factors affecting its future price.

Fundamental Analysis

Gas limit is the maximum amount of gas consumers are willing to pay for a particular transaction on the Ethereum blockchain. Higher gas limits mean higher fees, but faster transactions.

Gas Limit

Gold-backed crypto refers to cryptocurrencies that are pegged to the physical value of gold with a predefined amount assigned to each unit.

Gold-Backed Crypto

Short for gigawei, a gwei refers to the smallest denomination on the Ethereum network. A gwei is one-billionth of 1 ETH, and is usually used to pay for gas fees on the Ethereum blockchain network.

Gwei

Halving in cryptocurrency means that the production of new tokens or coins is reduced by half, which usually happens after a specific period of time in order to stabilize the currency.

Halving

A hard cap refers to the maximum number of tokens that can be produced in a blockchain in order to maintain the token’s scarcity.

Hard Cap

A hard fork is a change in the code of a cryptocurrency that splits a particular blockchain into two separate protocols.

Hard Fork

HODL is an expression which means an investor refuses to sell their assets, essentially “holding” them for an extended period, regardless of the current price on the market.

HODL

An initial coin offering (ICO) is a one-time money-raising event for a cryptocurrency project. The company creates or sells coins to interested users as a way of launching its crypto.

Initial Coin Offering (ICO)

An initial DEX offering (IDO) is a token offering that occurs on a decentralized exchange.

Initial DEX Offering (IDO)

An initial exchange offering (IEO) is a fundraising event that helps startups sell utility tokens through a cryptocurrency exchange to raise the necessary capital and ensure timeliness, transparency and security.

Initial Exchange Offering (IEO)

An initial game offering (IGO) is a pre-purchase option for buying the NFTs related to a GameFi project. Buying these tokens ahead of time gives investors a way to ensure their participation in the video game.

Initial Game Offering (IGO)

The term “initial public offering” (IPO) refers to the sale offering of a private company’s crypto assets to the public.

Initial Public Offering (IPO)

The acronym JOMO stands for the “Joy of Missing Out,” and is used by crypto enthusiasts who are happy not to be involved with the short-term benefits of the crypto industry.

JOMO

Key Management Interoperability Protocol (KMIP) is a universal language for securing data across platforms and networks.

Key Management Interoperability Protocol (KMIP)

Know Your Customer (KYC) is a process instituted by organizations or governing bodies to verify the identities of individuals wishing to conduct business with them.

Know Your Customer (KYC)

Latency is the time discrepancy in data transmission between a network’s input and received output, which in the crypto world refers to the time delay in crypto transactions.

Latency

This term describes the main blockchain architecture, on top of which developers build other solutions and layers. A network like Ethereum, on which many applications are built, is an example of a Layer 1 blockchain.

Layer 1 Blockchain

A Layer 2 blockchain is a blockchain that acts as infrastructure, runs parallel to another blockchain like Bitcoin or Ethereum, and supports systems that require high transaction throughput.

Layer 2 Blockchain

Leveraged trading allows investors to make timely investments with the help of capital borrowed from brokers.

Leveraged Trading

A limit order is a function in cryptocurrency trading that allows you to establish the exact price range for selling or buying your digital assets, particularly in terms of the minimum and maximum prices.

Limit Order

Liquidation is the selling of cryptocurrencies for cash, usually involuntarily, as a result of the investor’s inability to meet the minimum margin for their leveraged position.

Liquidation

A liquidity pool is a collection of crypto assets locked in a smart contract on a DeFi platform to ensure liquidity in decentralized trading.

Liquidity Pool

Liquid proof of stake (LPoS) is a consensus algorithm that was designed to be an improvement on the proof of stake (PoS) and delegated proof of stake (DPoS) algorithms.

Liquid Proof of Stake (LPoS)

A mainnet is an independent blockchain with a unique network, technology and protocol. It’s a blockchain project’s end product, with cryptocurrencies or tokens with monetary value available to the public.

Mainnet

Crypto margin trading is the borrowing of funds from the brokerage firm or exchange you’re trading on to finance a trade for crypto assets, which become collateral for the loan.

Margin Trading

The market capitalization of a specific cryptocurrency refers to the total value of its mined coins. It represents its current market value, and showcases its popularity.

Crypto & Trading: A Quick Start Guide in a Minute