Learn everything you need to maximize your gains in Bybit WSOT 2024 Squad Showdown, from entry requirements to ranking strategies and prize breakdowns.

 Main Competition (Squad Showdown) but need help figuring out where to start? We’re here to help you! From competition entry criteria to ranking criteria, you’ll discover all the competition details you need to know to effectively strategize your trades — so you can ace this year’s 

How to Join the Bybit WSOT 2024 Main Competition (Squad Showdown)

The Bybit WSOT 2024 Main Competition (Squad Showdown) is a 

 contest with a total prize pool of 7,150,000 USDT that runs from Oct 10, 10AM UTC to Oct 31, 10AM UTC.

 All derivatives contracts (including USDT Perpetuals, USDC Contracts, USDC Options, and Inverse Contracts) are eligible. However, volumes from 

button during the registration stage between Oct 1, 2024, 10AM UTC and Oct 20, 2024, 10AM UTC. 

Before joining the Squad Showdown, you must open a 

 (UTA), as only UTAs are eligible for participation. Please 

, Pro 3+ (Pro 3, 4 and 5) and Institutional account users are not eligible for the campaign. After opening your UTA account, you’ll also have to deposit a minimum of 500 USDT before you can join the competition. 

 to participate in multiple competitions simultaneously. You can open up to five accounts 

 one UTA Main Account and four Unified Trading Subaccounts. 

You can join as a squad and/or as an individual. If you wish to join a squad in the competition, you’ll have to meet the requirements set by the squad. A squad will require a minimum of 20 members to be eligible to participate in the competition.

Besides the capability to use Subaccounts to participate in multiple competitions concurrently, this year's WSOT also levels the playing field with the introduction of weight class. The tiered system allows users to choose from three different tiers of wallet amounts, which are then categorized into three different weight classes, based on their selected asset tier —

 Lightweight ($500), Gold ($2,000) and Diamond ($10,000). 

Each weight class has its own prize pool, where users in higher asset tiers will share a larger portion of the prize pool based on their individual profit rankings. Lightweight users must have a minimum balance of $500 in their participating accounts, and the top 100 individuals in this tier will share 10% of the total prize pool. Gold users require at least $2,000, and the top 100 individuals in this tier will share 30% of the total prize pool. Lastly, Diamond users need a minimum of $10,000, with the top 100 individuals sharing 60% of the total prize pool. This structure ensures that both retail traders and larger players can compete fairly within their own divisions.

Additionally, instead of individuals competing in squads or in individual leaderboards, squads now compete with others in different "weight classes" as each squad's points will be adjusted according to the weight categories of its members.

The WSOT 2024 Squad Showdown is divided into four reward categories: 

The WSOT 2024 Squad Showdown includes several extra rewards in addition to the main rewards. The first extra reward is for 

, worth 100,000 USDT and awarded to the Squad that meets the trading volume threshold of 50,000 USDT with the most votes. You can choose to be loyal and vote for your squad, or vote for the squad you think is most likely to win. Voting will run from Oct 10, 2024, 10AM UTC to Oct 21, 2024, 10AM UTC. For every $30,000 in trading volume, you will get one vote ticket, up to a maximum of 15 vote tickets per user. Please 

 that votes cannot be modified after voting. All users who have voted for the final winning squad, as well as the members of the winning squad, will share the 100,000 USDT prize. 

. The squad that hits the top 10 squad PnL (%) rankings for the most dates will share the 50,000 USDT prize equally among its members. WSOT 2024 also features an extra chance in the form of a PnL% 

, whereby users with negative PNL% can receive one ticket for every 50,000 USDT transaction, with a maximum of three tickets during the event. If you’re a VIP or an Affiliated user, you’ll immediately receive one card upon registration. 

The awarding phase will occur from Nov 1, 2024, 10AM UTC through Nov 8, 2024, 10AM UTC. You can view your rewards on the 

 page. All rewards will undergo a risk assessment before being distributed. Once cleared, your rewards will be available in the 

Bybit WSOT 2024 Main Competition Ranking Categories

The competition is split into Individual and Squad categories, ranked according to Individual Profit, Individual Trading Volume and Squad PnL (%). The following explains how we break down the ranking categories for individuals and squads, and details the formula used to determine the winners.

 reward features a prize pool of 2,800,000 USDT, which accounts for

. This prize pool will be distributed among the top 100 participants in each tier 

 Lightweight (10%), Gold (30%) and Diamond (60%). The system will calculate the profits of all eligible contracts, based on the snapshot prices at the time of the last update.

Rankings will be based on users' profits. However, users with a trading volume of less than 50,000 USDT will be excluded. 

Individual Profit Reward and Calculation Formula

Individual Profit = [Account Equity (incl. unrealized PnL and/or bonus) − Initial Equity (incl. unrealized PnL and/or bonus) + Withdrawal Amount During Competition − Deposit Amount During Competition]

The PnL (%) of your UTA will include all USDT and USDC 

 and Spot Margin trading, as well as leveraged tokens. The tokens in your UTA will be converted to their USD equivalents, and your overall PnL (%) may be affected if the prices of the tokens fluctuate.

It’s important to note that actions such as deposits and transfers to and from your UTA will affect your PnL (%). Assets exchanged in the UTA are not counted as deposits or withdrawals. Below are the main actions that affect your PNL:

: Calculated every five minutes until the conclusion of the competition.

: At the beginning of the competition, if a user's wallet balance in a specific contract currency is at least 500 USDT for more than five minutes, the system will record that balance as the initial equity for the competition.

: Accumulated withdrawals (including any withdrawals and asset exchange) during the competition period.

: Accumulated deposits (including transfers, awarded bonuses, commissions and asset exchange) during the competition period.

 reward is 1,400,000 USDT, accounting for

 and distributed among the top 100 participants. The system will calculate the trading volume for eligible contracts and reward participants with higher trading volume. Each account's trading volume will be calculated separately, and the main account's volume will not include the trading volume from any Subaccounts.

Rankings will be based on users' trading volumes, with trading volumes of

50,000 USDT excluded. All calculations only factor in assets from the Derivatives account.

Any amount transferred to the Derivatives account shall be considered as a deposit, and any amount transferred from the Derivatives account to Spot or Earn accounts will be regarded as a withdrawal.

The Squad PnL (%) reward amounts to 1,400,000 USDT, 

 and distributed among the top 10 squads. To be eligible for rewards, the total trading volume of the squad must 

 a minimum value of 50,000 USDT. If the squad's cumulative trading activity is below this threshold, they won't qualify for the reward distribution, regardless of other factors. 

In each winning squad, the Squad Leader will receive 20% of the squad’s winnings, the top 20% of eligible members will share 30% of the squad’s winnings, and the remaining 50% of the squad’s winnings will be evenly divided among the Squad Members who reach the threshold volume. 

The 1,400,000 USDT Regional Squad PnL (%) reward accounts for 20% of the total prize pool. There are nine regions set for WSOT 2024: English, Japanese, Korean, Mandarin, Russian, Ukrainian, Southeast Asian, European and Open Zone. The top three squads of each region (27 squads in total) with the highest PnL (%) points will share the prize.

How Squad Profit and PnL (%) are Calculated

Squad PnL (%) Reward and Calculation Formula

Squad Member’s Profit = [Account Equity (incl. unrealized PnL and/or bonus) − Initial Equity (incl. unrealized PnL and/or bonus) + Withdrawal Amount During Competition − Deposit Amount During Competition]

Squad Member’s PnL (%) points = Profit / (Initial Equity + Total Deposits) * 100% * tier weightage points

Squad PnL (%) points = top 20% squad members' average pnl% points + percentage points of all squad members who meet trading volume threshold

Each member who trades for more than $50,000 will contribute 0.01 points to the squad. If there are fewer than 20 members in the squad who meet the requirements, the points will still be divided by 20.

As weight classes are attributed to individuals, the individual weightages will affect the calculation of the ranking in the squad. These weights are represented by weightage points 

Lightweight (10 points), Gold (30 points), Diamond (60 points) 

which impact the importance of each level in the final calculation.

These points determine the influence of each member's contributions in the squad ranking, with higher-ranked categories such as Diamond contributing more heavily to the squad's overall Pnl (%) score.

Can I upgrade or downgrade my Asset Tier?

You can upgrade your asset tier by transferring more funds into your participating account(s). Once upgraded, your ranking will be adjusted according to the new tier's rankings. Your initial asset tier is determined by the balance in your participating account(s) at the time of registration. If your balance falls below the minimum requirement for your current tier, you won't be downgraded. However, your rankings will not be valid until your balance meets the requirement again.

Can I receive both Squad and Individual Rewards?

Yes. You can receive both Squad and Individual Rewards if you join a squad.

Can I make a withdrawal during the competition period?

There are no restrictions on deposits, withdrawals or asset exchanges during the competition. However, please note that these actions may impact your PnL (%) and competition ranking.

You can become a Squad Leader simply by visiting 

 button between Oct 1, 2024, 10AM UTC and Oct 9, 2024, 10AM UTC. Once you submit your request, approval will be done within two (2) working days. After becoming a Squad Leader, you can recruit Squad Members by sharing your squad link or the QR code on your squad page. As a Squad Leader, you can decide on the squad's entry settings. If a squad is set to public, anyone can join the squad. If a squad is set to private, a PIN code is required to join the squad. Note that anyone can join regional squads without a PIN.

Can I change squads during the competition?

No. You cannot change squads when the competition is taking place. However, you may choose to change to another squad one (1) hour before the start of the competition.

What if my squad has fewer than 20 members?

If a squad has fewer than 20 members, the system will automatically assign all members (including squad leader) randomly to a suitable squad 30 minutes before the start of the competition.

Intermediate

Bybit WSOT 2024.png

Bybit WSOT 2024: All You Need to Know To Maximize Your Gains

WSOT 2024 encourages traders to excel in any market condition — bullish, bearish or sideways — by using strategies such as position trading and range trading.

Bybit, the second-largest crypto exchange globally, is bringing back its highly anticipated 

 (WSOT) — the biggest crypto trading showdown on the planet. With a jaw-dropping prize pool of up to 10,000,000 USDT, it attracts top traders from all over the world. 

In this article, we’ll explore why WSOT 2024 is an unmissable event, and share strategies to help you succeed in any market condition — whether you're riding the highs of a bull market, navigating a bear market or trading in a sideways market.

 (World Series of Trading) is the world’s largest crypto trading competition, promising a prize pool of up to 10,000,000 USDT that includes Rolex watches, travel tickets and a luxury yacht. It runs from Oct 1, 2024 through Oct 31, 2024, and allows both CEX and DEX trading.

Bybit WSOT 2024 is a competitive trading event in which participants trade various cryptocurrencies on the Bybit platform. Traders are grouped into teams, and performance is measured based on trading volume and profitability over the competition period. The event features a significant prize pool of up to 10 million USDT, designed to encourage participation from traders of all skill levels.

Participants can join as solo traders or team up with others in squads. A minimum of 20 members are required to form a team (squad), and the top 10 squads with the highest score will share in the total prize pool. Teams are ranked based on a unique profit-loss (P&L) formula. In 2023, the winning squad (“openworld”) 

 an impressive 2,361.10% P&L, carting home a total of 864,000 USDT.

The competition mainly involves Derivatives trading for both teams and individuals, with additional perks, such as lucky draws and lotteries. WSOT 2023 also introduced 

 and their Followers to share in the rewards, and WSOT 2024 will include this competition as well.

Participants can compete in one of three leagues based on their capital size: Lightweight ($500), Middleweight ($2,000) and Heavyweight ($10,000). This tiered structure gives traders a fair chance to win from a prize pool of $10 million — an increase from the $8 million in USDT awarded in WSOT 2023.

 (UTA) offers a streamlined solution for managing multiple trading strategies. It allows up to four subaccounts and one main account, and unifies collateral across various positions. This setup means you can efficiently handle diverse strategies, such as Spot trading, Spot Margin trading, USDC Perpetuals and USDC Options, without the need to transfer assets between accounts. 

The UTA’s multi-asset support enables you to manage collateral all within one account, whether in 

. Its cross-collateral margining system further boosts capital efficiency by letting you use the combined value of these assets to meet margin requirements, making it easier to optimize trades and 

Participants can earn further rewards through various challenges and achievements during the competition. The event is designed to build community engagement and enhance trading skills among participants. For more detailed information and updates about the event, including rules and registration, please refer to the 

WSOT Trading Strategies to Navigate a Bullish Market

In a bullish crypto market, traders have several strategies at their disposal to boost profits while keeping risks in check. Following are three effective approaches, along with easy-to-follow tips for execution.

Position trading is a strategy whereby traders take a long-term approach, focusing on a cryptocurrency that’s following a clear upward trend. This method works especially well in a bullish market, giving you the chance to benefit from major price increases over time. Instead of reacting to short-term fluctuations, you’re riding the broader trend for more substantial gains.

 is a short-term strategy with which traders aim to profit from existing market trends. In a bullish crypto market, identifying assets with strong upward momentum can be especially rewarding, as prices tend to rise quickly. By spotting these trends early, traders can take advantage of rapid price increases

 is a short-term trading strategy in which traders make multiple trades throughout the day to profit from small price movements. It's especially effective in a volatile, bullish market, where frequent price fluctuations provide opportunities to capitalize on quick gains.

WSOT Trading Strategies to Navigate a Bearish Market

 is characterized by a prolonged period of low market confidence, falling prices, and supply that far exceeds demand. In such a bearish crypto market, traders can adopt specific strategies to minimize losses — and can even profit from declining prices.

 enables traders to profit from declining prices by borrowing assets and then selling them. The goal is to buy back the assets later at a lower price, allowing the trader to pocket the difference (minus transaction fees). This strategy takes advantage of downward market movements, providing an opportunity to make money even when prices are falling.

 is a strategy with which you invest a fixed amount of money into a cryptocurrency at regular intervals, no matter what the current price is. This approach helps smooth out the effects of price fluctuations over time and lower your average cost per unit, which is especially useful during a bear market when prices are falling.

 helps protect your investments from potential losses, especially during market downturns. Using financial tools such as 

, you can safeguard your existing portfolio against a drop in value. Essentially, you’re taking out an insurance policy for your investments, so that if the market takes a turn for the worse, you’re shielded from the full impact of the decline.

WSOT Trading Strategies to Navigate a Sideways Market

In a sideways crypto market, where prices move within a narrow range without clear direction, traders can still find ways to profit by using specific strategies.

Range trading involves identifying the upper and lower limits of a price range. You buy when the price is near the lower boundary (support), and sell when it gets close to the upper boundary (resistance). This strategy helps you to take advantage of the predictable price swings that happen within the range, offering opportunities to profit even when the market isn’t trending in a clear direction.

 in a sideways market aim to profit from short-term price swings within a defined range. They hold positions for several days, waiting for larger price movements as compared to the quick trades of scalping. This strategy offers the potential for bigger gains, but it also requires patience and a keen awareness of market trends to time entries and exits effectively.

 is a systematic strategy that involves placing multiple buy and sell orders at predetermined price intervals. This method capitalizes on the natural fluctuations in price, allowing traders to profit from both upward and downward movements.

Bybit WSOT 2024 offers more than just a whopping 10,000,000 USDT prize pool — it’s a chance to compete with some of the world’s top traders. Whether the market is bullish, bearish or moving sideways, mastering key strategies can give you a competitive edge. From position trading and momentum trading to hedging and range trading, WSOT provides traders at all skill levels a unique opportunity to sharpen their strategies and maximize profits.

wsot trading strategies.png

Bybit WSOT 2024: Strategies to Navigate All Market Conditions

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.

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 

 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!

 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 

 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.

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.

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.

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.

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 

. 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.

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.

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!

: Sign up for the Bybit WSOT DEX Wave side event by creating a new web3 wallet or connecting an existing one.

: 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.

: Complete two tasks daily, such as visiting the project’s page and sharing its info on social media sites.

: 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!

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!

bybit wsot dex wave.png

Bybit WSOT DEX Wave: Vote Your Favorite Web3 Projects to Victory

Bybit WSOT is the largest crypto trading competition in the world with up to 10 million USDT prize pool up for grabs. Learn who can join and how it works.

WSOT, the World Series of Trading, is the largest crypto trading competition in the world. 

There's a lot of buzz around the event because 10 million USDT is up for grabs. 

Anyone who knows how to trade crypto or who's interested in following experienced crypto traders can participate by registering at the official tournament website.

The mega-event is a brainchild of Bybit, the innovative crypto exchange established in 2018. Bybit held the inaugural WSOT in 2020 when traders took away nearly $1.27 million in prize money. 

The overwhelming success of the inaugural WSOT 2020 turned it into a grand annual event, each year bigger than the previous one. 

The World Series of Trading (WSOT) is Bybit’s biggest annual trading competition, with a massive prize pool worth millions of dollars. 

Every trader joining the tournament can participate as an individual or join forces to participate as part of a squad. Squads are ranked according to a profit-loss formula. In 2023, the leading troop amassed a whopping 2,361.1% profit-and-loss (PnL), earning 864,000 USDT. Meanwhile, individual players are ranked according to their trading volume or profit. The leading player for trading volume in 2023 reaped $1,444,006,094 in trading volume, while the top player for profit earned $4,449,813.54; each player was rewarded with 258,000 USDT.

 for squads and solo players, with side campaigns involving lucky draws and lotteries. WSOT 2023 included a new category, Copy Trading, through which Master Traders and followers can reap the rewards. 

​​According to Ben Zhou, co-founder of the Bybit platform, not only was WSOT created for traders all over the world to learn more about crypto trading and win prizes, but Bybit has also pledged to use a part of the WSOT winnings to finance education and as charitable contributions. 

In 2022, $400,000 worth of BTC was donated to UNICEF to provide science and technology to marginalized communities in East Asia and Pacific. For WSOT 2023, 5% of the eventual prize pool plus contributions from Bybit, totaling up to 400,000 USDT worth of United Arab Emirates dirham (AED), was contributed to the Dubai Multi Commodities Centre and other blockchain organizations to support the growth of the crypto industry. 

As part of WSOT 2024, Bybit will contribute up to 75 ETH to sponsor Ethereum’s first 

 — a global hackathon launched in collaboration with Immunefi and the Ethereum Foundation. This sponsorship aims to support and advance the 

The WSOT Bybit tournament has already attracted thousands of participants, as it allows both professional and novice traders to benefit. The highlight of WSOT is you don't have to be a pro to take home huge prizes and bonuses. If your team can generate profits and end up high in the overall ranking, every member of the squad will benefit. 

For WSOT 2024, besides the jaw-dropping prize pool of up to 10,000,000 USDT there’s a copy-trading competition in which followers can earn USDT rewards, and a web3 competition in which you can simply vote to win 

 rewards. Furthermore, WSOT 2024 is also offering a lucky draw, with attractive prizes such as Rolex watches and world trip tickets to be won.

Anyone can participate in the tournament as long as they’re not part of service-restricted locations. That said, 

 Pro 3+ (Pro 3, 4 and 5) and Institutional account users aren’t eligible, as these are usually institutional traders who would make the competition unfair due to their high trading volumes. 

 and deposit a minimum of 500 USDT to participate in WSOT 2024. While 

 can’t be used for participation in WSOT 2023, this year’s WSOT will let you connect up to four Unified Trading Subaccounts in order to join and maximize your rewards. 

The WSOT 2024 main tournament has a total prize pool of up to 7,150,000 USDT, split into four reward categories for its main derivatives and 

 competition. The tournament takes place from Oct 10, 10AM UTC to Oct 31, 10AM UTC.

Rewards breakdowns for each category are as follows:

Apart from the main rewards, the WSOT 2024 Main Competition includes several extra rewards. There’s a 

 reward with a 50,000 USDT prize pool, and a 

 reward with a 100,000 USDT prize pool. In addition, the 

 provides yet another extra chance in the form of PnL%, whereby users with negative PnL% can receive one ticket for every 50,000 USDT transaction, with a maximum of three during the event. If you’re a VIP or Affiliated user, you’ll immediately receive one card upon registration. 

There are also various other side competitions you can participate in, such as the 

WSOT DEX Wave is a daily lucky draw and final prize pool that’s based on your voting strategy. Running from Oct 1, 10AM UTC – Oct 31, 10AM UTC, it features a prize pool of up to 1,000,000 MNT, split into two parts 

 a 200,000 MNT prize pool and an 800,000 MNT prize pool. 

To join the lucky draw, you’ll first need to create and connect a 

. Next, vote for your favorite project to earn a one-time lucky draw ticket and a chance to share in the 200,000 MNT prize pool.

If the project you vote for ranks in the top 10, you’ll get to share the biggest portion of the final 800,000 MNT prize pool. The top 10 projects will be eligible to receive a direct review by Bybit’s CEO, Ben Zhou, for Bybit Spot and Perpetual contract listing. The winning project will also have an opportunity to film an exclusive Bybit documentary, entitled 

The Copy Trading Fest is being held concurrently with the Main Competition, between Oct 10, 10AM UTC and Oct 31, 10AM UTC. It offers a total prize pool of 100,000 USDT for the top 50 Master Traders with the highest PnL%, and a 100,000 USDT prize pool for the top 100 Followers with the highest profits generated during the event period via Copy Trading. 

To be eligible to win as a Master Trader, you must have a minimum Derivatives transaction volume of $30,000 during the competition period. For followers, you must achieve a Derivatives PnL of at least $350.

Besides joining the competitions, you can also win more prizes and bonuses in other ways. Read more about these in the following sections.

When WSOT 2020 first launched, it attracted nearly 12,000 participants worldwide, who played for $1.27 million in prize money and a chance to help fundraise the nearly $100,000 donated to UNICEF. Bybit also distributed $10,000 in social media giveaways. 

The roaring success of the inaugural WSOT in 2020 led to a significant increase in both the number of participants and the total prize pool for WSOT 2021. Almost 35,000 traders joined to compete for a prize pool of $4.09 million. WSOT 2021 also included over 1,000 NFTs as rewards. The larger prize pool allowed for a greater donation, totaling $400,000, for UNICEF.

WSOT 2022 attracted over 69,000 participants from 182 countries, with its total prize pool of 8 million USDT. WSOT 2023 also had a total prize pool of 8 million USDT — and even included a Lamborghini and Rolex watch giveaway. 

WSOT 2024 is offering a sizable increase in its prize pool — a total of up to 10 million USDT that includes a luxury yacht, a Rolex watch and world trip tickets!

Things to Know Before Participating in WSOT 2024

The World Series of Trading 2024 will be nothing less than a singular, groundbreaking event in the history of crypto trading. It's special not only because of its sheer size, but also because it creates an opportunity for everyone to participate without strict registration rules. If you're interested in dominating the market, the following are some basic guidelines.

 Bybit event starts on Oct 1, 2024, 10AM UTC, and continues until Oct 20, 2024, 10AM UTC. To encourage active participation, Bybit is offering an early-bird bonus until Oct 4, 2024, 10AM UTC. Early-bird users whose trading volume exceeds 50,000 USDT during this period will receive a $50 BTC bonus. Registration will continue until Oct 10, 2024, 10AM UTC, after which the late registration period will run from Oct 10, 2024, 10AM UTC until Oct 20, 2024, 10AM UTC. 

The trading period will end on Oct 31, 2024, 10AM UTC, and the awarding phase will be held from Nov 1, 2024, 10AM UTC through Nov 8, 2024, 10AM UTC.

With its tiered system, WSOT 2024 presents a fairer environment for traders to compete in the Main Competition. The tiers allow users to choose from three different levels of wallet amounts, which are then categorized into three different weight classes based on each trader’s selected asset tier: Lightweight ($500), Gold ($2,000) and Diamond ($10,000). Each weight class has its own prize pool, ensuring that both retail traders and larger players can compete fairly within their own divisions.

Additionally, instead of individuals competing in squads or on individual leaderboards, squads compete with others in different "weight classes." At the end of each day, every squad's points will be adjusted according to its members' weight categories.

You can receive a $50 BTC early-bird bonus if you register and achieve a trading volume above 50,000 USDT before Oct 4, 2024, 10AM UTC. Bonuses cannot be withdrawn. Similarly, redeeming a bonus voucher during the competition is considered a deposit, which will negatively impact your PnL(%) balance.

 by inviting more friends to join WSOT 2024, you’ll be able to share in a prize pool of up to 200,000 USDT. Additionally, by joining the 

, you’ll earn a shot at winning a 100 USDT bonus, a Rolex watch worth $15,000, a yacht worth $300,000 and $10,000 round-trip tickets to six different continents! 

age. All rewards will go through a risk check before being distributed. Once cleared, your reward can be found in the 

With the introduction of a weighted and tiered system, and the use of Subaccounts to participate in multiple competitions at once, Bybit’s WSOT 2024 creates a truly fair environment in which traders can compete for exciting prizes. If you love trading, this is certainly a great chance to experience trading adrenaline!

what is WSOT.png

What Is the Bybit World Series of Trading (WSOT)?

Bybit Learn

GameFi

Explainers

Altcoins

Grapes is a collection of fruit-themed NFTs with a cute and cartoony look. Learn more about how it works in this article.

With so many NFT collections around, new NFTs are looking for unusual ways to stand out. One particularly unique collection is Grapes

. This NFT collection combines Web3 investing with gaming techniques in an attempt to attract more users. 

Will this strategy prove successful? Read this deep dive into Grapes to learn all about how its system works, and what DeFi analysts have to say about it.

 with a cute and cartoony look. People who own Grapes can participate in a complex ecosystem that offers a variety of games and other 

 features, such as staking and cryptocurrency trading.

 in tech and cryptocurrency. Founder Ben Cusack was the head of Square Enix's Mobile Studios where he launched mobile versions of 

Space Invaders, Lara Croft, Final Fantasy

 and many other popular games. The other founder of Grapes, Dan Beasley, is a technology expert who has helped many influencers and brands launch their own mobile experiences.

Cusack and Beasley first united over their interest in mobile design. They then decided to take that expertise and use it to capitalize on the NFT craze. Their design team was able to get the interest of Animoca Brands, who provided both funding and advice during the creation of Grapes.

The goal of Grapes is to create a family-friendly entertainment IP that's versatile and fun. Unlike some other NFT collections, its team wanted a design that appeals to all ages and could be seamlessly inserted into a variety of other entertainment franchises. Therefore, they chose a cartoon-like style and a fruit-based theme.

Grapes (GRAPE): NFTs at the Crossroads of Gaming and Web3

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards