Learn how to apply for the Bybit VIP Trial Card, a limited-time offer to allow potential VIP members with over $50K in assets to explore the benefits of Bybit's VIP 1.

 is a tiered system for big traders who want the ultimate experience. VIP traders get several advantages that include 

 and individualized support. This article discusses the VIP Program and shows you how to apply for the Bybit 

The Bybit VIP program is a premium trading experience. It’s structured as a tier system based on holdings value and trading activity. The requirement for joining is a $100,000 account balance or minimum monthly trading volume. 

As a reward for consistency, members enjoy exclusive VIP perks, including reduced fees and invitations to private product launches. The VIP Program thus suits traders searching for enhanced profitability and a favorable trading experience.

Only consistent and dedicated traders get to enjoy the 

 is a limited-time offer created by Bybit to allow potential VIP members to explore the benefits of the VIP 1 level. It serves as an opportunity to experience premium trading experience while reviewing the benefits of being a VIP member.

How to Apply for a Bybit VIP Trial Card 

Here's a step-by-step guide to receiving your Bybit VIP Trial Card.

1. Log in to your Bybit Account, and access the Bybit platform with your credentials. Ensure your account holds at least $50,000 in assets to qualify for the Trial Card.

. Verify your trading activity and asset balance to confirm eligibility, then proceed to submit the form.

4. Await approval from Bybit. Your Bybit VIP Trial Card details will be sent via email.

Your trial period will only begin counting down after you claim your Bybit VIP Trial Card. However, you must claim it within 30 days of issuance.

The following perks come with holding a Bybit VIP Trial Card. Benefits are limited to the VIP 1 tier, and include the following:

However, the following perks are unavailable during the trial:

Nevertheless, the Bybit VIP Trial Card is still an excellent way to preview the VIP experience. Think of it as a demo account to use before launching your trading account.

Bybit’s VIP Program and Trial Card provide traders with premium benefits that include reduced trading fees, access to VIP-only events and exclusive product launches. The Trial Card is the perfect opportunity for people who want to experience VIP-level perks. 

Intermediate

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How to Apply for the Bybit VIP Trial Card: A Step-by-Step Guide

Sui is a Layer 1 blockchain designed to facilitate the adoption of web3 through increased speed and security while lowering costs.

Sui blockchain, an eagerly anticipated project in the crypto sector, has recently launched its mainnet on May 3, 2023. Developed by former Meta executives, Sui uses a modified version of the original Move programming language created to power the Meta Diem blockchain. Read on to find out more about the revolutionary technology Sui operates on, and how it can potentially transform the web3 space.

 blockchain designed to solve some of the problems around 

, and revolutionizing blockchain technology by increasing speed and security as the blockchain landscape moves toward greater adoption of web3.

Sui is also the future home of exciting new blockchain 

. The idea is that developers can fully unleash their creativity in making games fun and exciting without focusing too much on the coding aspect.

, whose 13-member team is led by five founders — Evan Cheng, Sam Blackshear, Adeniyi Abiodun, George Danezis and Kostas Chalkias — all former senior executives and lead architects for Meta's discontinued digital wallet program called Novi. They decided to launch a new blockchain protocol aimed at solving issues of scalability that have been a thorn in the crypto sector's side for years.

The Sui blockchain has three core elements that work together to allow it to process instant settlements at a low cost: Move language, parallel transaction execution and the Sui consensus engine.

The Sui network supports smart contract executions with the Sui-specific styling of 

, which is an updated version of the Move language that 

 uses. Move, which was originally designed by Facebook (now known as Meta) for its now-discontinued blockchain program, Diem, is based on the popular 

Sui's Move is an executable bytecode language designed to prevent double-spending and help Sui become one of the safest and most secure smart-contract platforms. Overall, it was designed to improve some of the flaws — or at least imperfections — of existing programming languages like Solidity, which weren’t coded to support blockchain asset representations securely. 

While traditional blockchain networks have their smart contracts designed around accounts, Sui's smart contracts are designed around 

. These objects can be mutable or immutable, shared among multiple people or owned by one person. Objects owned strictly by a single user won't have to undergo the verification process, allowing them to have near-instant finality.

The dynamic nature of Sui’s smart contracts helps NFT art break new ground, as NFTs can now be easily modified and customized, which also boosts the creativity of NFT artists and holders. For instance, accessories can be added as NFTs on top of an existing NFT, which allows individuals to create limitless custom combinations for their NFTs, as illustrated by the example of 

One of the biggest innovations that Sui offers is parallel transaction execution. 

On other platforms that process smart contracts, transactions are executed one at a time, generally in the order in which they’re received. This makes individual transactions longer to process. However, the Sui blockchain processes transactions in parallel, and simple transactions aren’t required to undergo consensus, resulting in near-instant finality. 

For the sake of comparison, at peak, the Ethereum blockchain can handle about 15 

 (TPS). In trial runs, the Sui blockchain was able to process 120,000 transactions in a single second. 

 used by Sui, although Bullshark replaced the Tusk component in August 2022. The move was made to reduce latency issues, and to ensure that validators with lower processing speeds would still be able to contribute to the project. (However, Tusk can still be used via updating the source.) In short, Narwhal is used as a 

 to ensure that the data submitted to the consensus is available, and Bullshark (or Tusk) then sets the standard for arranging that data so the consensus engine can read it. This is part of the 

 (DAG) mempool, yet another innovation Sui offers.

 (DPoS) system, meaning that within each epoch (a period of 24 hours), SUI holders select a set of validators and stake their SUI tokens with them. These validators process the transactions in the network. The staked tokens are locked into the system during that specific epoch, but token holders can withdraw their tokens or change their delegated validator when the epoch changes.

The Sui network's gas price system was designed with three distinct goals, all of which are intended to enhance the user experience and ensure a fast, reliable network:

At the beginning of each epoch, validators are surveyed to determine the minimum gas price they'll accept. The system then orders these amounts, and chooses a price roughly around the 66th percentile. During the epoch, each validator receives signals regarding other validators' operations, allowing them to assess their performance against the rest, and aim to commit to the reference gas price. 

At the end of each epoch, validators who have performed efficiently against the reference gas price receive regular rewards, while rewards are slashed for those who haven’t. This system encourages validators to enter a lower minimum acceptable gas price and commit to it, which helps keep users' costs down. 

An essential part of the sustainability of Sui blockchain is the storage fund, designed to hold the network's gas fees and redistribute them to validators in the future. This ensures that the network can continue to operate, as validators have a vested interest in continuing their work.

The storage fund size is maintained by ensuring that storage outflows are always less than storage inflows. There are two types of inflows: storage fees for transactions conducted in the current epoch, and reinvestment into new principal of the staked rewards not paid out to validators. The outflow is created when users delete unnecessary data for a storage fee rebate.

It’s important to note that these validator rewards are only paid out of the interest generated by the fund, and the principal is never touched. This ensures that the fund — and, therefore, the ecosystem — will be self-sustaining and able to last indefinitely.

Sui Wallet is an open-source Google Chrome browser extension with a user-friendly interface for managing and storing assets on the entire Sui network. 

Sui Wallet allows you to create, import and store your mnemonic phrase and private key, used to access your funds. Not only can you transfer coins and NFTs easily, but also view owned fungible tokens, track recent transactions, and directly access both successful or failed transactions on Sui Explorer, which facilitates browsing on-chain data, tracking assets and debugging. Sui Wallet also supports integration with decentralized applications (

Overall, Sui Wallet provides a secure and simple way for Sui participants to manage their assets and interact with the broader Sui ecosystem.

SUI is the native coin of the Sui blockchain. To differentiate between the blockchain layer and the coin, the name of the token, SUI, is always capitalized.

The easiest way to store your SUI tokens is in the 

. As a Google Chrome browser extension, it allows you to create a new wallet or import an existing one for the self-custody of assets. NFTs can also be uploaded to your Sui Wallet, enabling them to be stored securely on the Sui blockchain.

The SUI token has a hard cap of 10 billion coins, with 5% released at mainnet launch and the rest to be distributed incrementally over time, as decided by the 

At launch, 50% of SUI tokens will be put in the Community Reserve for grants, validator subsidies, and research and development, in addition to 20% given to early contributors to the project, 14% to investors, 10% distributed to the Mysten Labs treasury, and 6% toward the Community Access Program and app testers. 

 has been created for early participants in the Sui ecosystem, who will receive the tokens in various ways, such as grants and competitions. The Sui Foundation has stressed that there will never be a SUI token airdrop, and has also 

 to the community that anyone offering a SUI airdrop is likely a scammer.

The SUI token has a current price of $3.23 (as of Nov 26, 2024), which is 781.5% higher than its all-time low of $0.3648 and 18% lower than its all-time high of $3.92.

Market analysts offer varied long-term forecasts for SUI:

These projections reflect confidence in Sui's technological innovations, ecosystem expansion and developer adoption. CoinCodex's Fear & Greed Index currently shows "Extreme Greed" at 79, indicating strong market optimism.

However, investors should note that cryptocurrency price predictions are inherently speculative and subject to market volatility, regulatory changes and broader economic conditions.

SUI's investment thesis centers on its unique technological advantages and strong ecosystem support in the 

 blockchain sector. Many experts maintain a positive long-term outlook, though potential risks must be considered.

While Sui's technological innovation and institutional support position it uniquely in the market, investors should carefully consider their risk tolerance, and 

On Bybit, you can buy the SUI token as a USDT Spot pair (

 to earn a fixed or flexible yield. Simply 

How to On- and Off-Ramp Sui on MovEx via Bybit

 (DEX) on the Sui blockchain. Built to provide liquidity with low latency and a high execution engine, MovEx features 

, a decentralized limit order book (with buy and sell orders) that offers easy access to digital assets.

MovEx combines its real-time electronic order book with an automated market maker (AMM) that uses mathematical formulas to price assets, creating a hybrid liquidity DEX that enhances the user’s trading experience.

Using Bybit to on- and off-ramp Sui, you can:

 share many similarities in that both are relatively new, Level 1 blockchains, developed by former Meta employees, and use the Move programming language. However, if you look at each blockchain more closely, there are also quite a few differences. First, the Sui platform uses a more up-to-date version of the same programming language, and is coded more transparently. It allows users to see if an object is owned, shared, immutable or none of the above, whereas Aptos does not. 

Secondly, while running on the same PoS mechanism, Sui uses Narwhal and Bullshark as its consensus algorithms, while Aptos uses a derivative of the 

 protocol. Finally, Aptos had a slightly higher throughput in its testing phase than Sui, at 160,000 TPS. However, after Aptos's mainnet was released in October 2022, it fell to a dismal rate of 4 TPS, currently running at 

On the other hand, although Sui’s object-centric design — which facilitates parallel transactions — promises a high ceiling with theoretically unlimited TPS potential, Sui falls far below its test throughput of 120,000, and is currently operating at 

SUI NFT Marketplace: Is BlueMove the Next Big Thing for NFTs?

 is a community-first, non-fungible token (NFT) marketplace that actively rewards participants such as traders, collectors and creators in the ecosystem of scarce digital assets. It’s designed for the Move language public blockchain and currently supports Sui and Aptos. 

The Move language was developed for Facebook’s Diem cryptocurrency project. Its focus on security and formal verification makes it attractive for developing DApps and smart contracts. BlueMove has quickly become a leading multichain NFT marketplace by empowering users and creators, offering features such as an in-app wallet, mint tracking, NFT lending and an NFT order book. 

Whether BlueMove becomes the next big thing in the NFT space depends upon the degree of adoption by developers and users, the overall growth of the NFT market and emerging use cases for NFTs. However, by rewarding users, sharing platform fees and paying creators instantly, the marketplace shows promise, and new functions can be introduced without compromising security.

While previous years’ road maps focused on building strong foundations for developers, 2024 has introduced advanced tools and unique features, taking Sui to the next level.

The effectiveness of these upgrades is reflected in developer adoption: Sui's monthly active developers surged by 219% to 1,400 in mid-2024, with over 18,000 new code commits. 

 data confirms Sui's position as the fastest-growing Move ecosystem.

 backs innovative blockchain development with up to $200,000 in funding per project. This initiative combines financial support with comprehensive technical mentorship and marketing resources to accelerate scalable solutions on Sui.

Partnering with Dubai-based Ghaf Group, the 12-week accelerator targets ambitious pre-token projects in the Middle East and North Africa (MENA) region. The program seeks ventures showing clear market potential and innovative solutions that are ready to scale on Sui.

Selected teams receive multifaceted support from industry leaders. Mysten Labs, Sui's developer, provides technical mentorship and blockchain expertise, while Ghaf Studios offers strategic fundraising, marketing and tokenomics guidance.

Projects seeking to participate must submit their applications by Dec 20, 2024. SuiHub will take equity stakes in admitted projects, ensuring long-term alignment with the ecosystem's growth objectives.

Sui's recent innovations demonstrate its commitment to pushing blockchain technology beyond conventional limits. The following two groundbreaking developments showcase this vision.

Banking the Unbanked: Internet-less Innovation

Sui is pioneering "internet-less transactions" through mobile networks and radio waves. This breakthrough technology enables crypto transfers via underwater waves, long-distance radio and compressed SMS messages, allowing transactions during outages and in areas with limited connectivity.

Through strategic partnerships with Chip Wireless, a Canadian mobile service provider, Sui aims to reach underserved markets, particularly in Africa. This solution addresses critical issues in regions facing power shortages and internet accessibility challenges, effectively bringing financial services to previously excluded populations.

Sui is redefining gaming hardware with SuiPlay0X1, a high-performance handheld device launching in 2025. Powered by AMD Ryzen

, it delivers both PC and blockchain gaming capabilities through its advanced 7-inch display system.

 (medieval Brawler Royale) demonstrate Sui's vision: seamlessly integrating blockchain benefits such as asset ownership while maintaining AAA gaming experiences.

These innovations represent Sui's commitment to expanding blockchain utility beyond conventional boundaries. Whether through financial inclusion initiatives or next-generation gaming experiences, Sui continues to demonstrate leadership in practical blockchain applications.

Should Sui blockchain continue to evolve and eventually perform to its full potential, users will be able to store their digital assets and transact on a more secure web3 blockchain with unprecedented speed. With dramatically reduced transaction processing times, the overall system will become more efficient, driving mass adoption in web3 and gaming — ultimately leading to a brighter future for the entire crypto sector and its users.

Advanced

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Sui Blockchain (SUI): A Fast & Cost-Efficient Layer 1 Blockchain

The Open League serves as a vibrant competition ground for TON ecosystem projects and their users. Learn how you can participate in The Open League here.

As the blockchain landscape continues to evolve, innovative platforms like 

 (TON) are pushing the boundaries of what decentralized technology can achieve. With the commencement of The Open League's New Year Season (Season 7), TON is not only showcasing its robust ecosystem but is also setting the stage for a transformative experience for its users. This seventh season promises not only technological advancements but also substantial rewards, with a $1,500,000 airdrop aimed at deepening user engagement across multiple DeFi protocols. 

In this article, we’ll explore the mechanics of the airdrop, outline how users can maximize their benefits and highlight the exciting involvement of Bybit Web3 in this seasonal celebration of blockchain innovation.

The Open Network (TON) is a robust, decentralized internet platform consisting of multiple components, including 

At its core, TON Blockchain acts as the backbone linking TON's various elements to create a comprehensive ecosystem. TON's design aims to provide expansive cross-chain interoperability within a scalable and secure framework, processing millions of transactions per second (TPS) and aspiring to connect hundreds of millions of users in the future. As a distributed supercomputer, TON is poised to offer diverse products and services that support the decentralized vision of a new internet.

 serves as a vibrant competition ground for TON ecosystem projects and their users. It aims to attract dedicated new users to the TON framework, boost user engagement and support projects in expanding their reach. This initiative also focuses on developing attractive, functional products tailored for Telegram's extensive user base.

Bybit Web3 Joins The Open League Season 7

Bybit Web3's organic integrations of The Open Network (TON) have supercharged the expansion of its web3 universe, spearheaded by the wild success of 

Building on this momentum, Bybit Web3 will also be joining Season 7 of The Open League, contributing to the enrichment of the The Open Network for everyone. Users can complete simple quests for The Open League on Bybit Web3’s Telegram game bot, 

The Open League New Year Season (Season 7) Mechanics 

The seventh season of The Open League takes place from Nov 27, 2024 through Dec 17, 2024, and features a $1,500,000 airdrop for users interacting with over 20 DeFi protocols.

In Season 7, Bybit Web3 is set to improve the way wallet users engage with the TON ecosystem, providing more straightforward access to essential blockchain tools. This initiative aims to make the entry into blockchain more user-friendly, reflecting a commitment to improving user experience and accessibility.

Season 7 features an enticing $1,500,000 airdrop pool to increase user involvement and provide rewards for active participants. Bybit Web3 users have the unique chance to earn Space Points via our accessible Telegram bot, adding an element of exclusivity and value to their engagement.

The integration of Bybit's Telegram game, 

, provides a bridge for users transitioning to become active participants in the blockchain world. This approach simplifies entry into on-chain activities, making it more accessible and enjoyable, akin to engaging educational blockchain content.

How to Get Started With The Open League Season 7

Wondering how you can become eligible for the $1,500,000 airdrop? Follow the detailed steps below to get started.

 You may choose to back up your account using your email, or manually via a seed phrase.

: After you’ve successfully backed up your wallet, you can proceed to tap on 

and you’ll be redirected to a task page where you can participate in ecosystem activities and earn badges.

. Follow the instructions to mint your DeFi badge. 

 that this is an important step, because if you don’t mint a badge five days before the campaign ends, you 

: Once you’ve minted your DeFi badge, you’ll be able to see a catalogue of DeFi projects. You can complete these tasks throughout the season, such as providing liquidity or trading, to earn points. The number of points you can earn will be listed beside each task.

 on the TON Society website throughout the season. 

The Open League Season 7 encapsulates the spirit of innovation and community engagement that TON stands for. By offering a significant airdrop and facilitating active participation across its DeFi landscape, TON is not just rewarding its community, but also paving the way for a more interconnected and robust ecosystem. This season also marks a significant milestone for Bybit Web3 as it integrates seamlessly with TON, further enhancing the user experience and expanding the horizons of what decentralized platforms can offer. 

As we move forward, the developments within The Open League are sure to inspire both seasoned blockchain enthusiasts and new users alike, setting a high standard for what the future of decentralized finance holds.

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The Open League: All About TON's New Year Season Airdrop

Join the Bybit TradeMasters Grand Prix Finals to win up to 100,000 USDT and the Championship Gold Ring. Learn about registration, rewards and eligibility.

 is a premier trading competition that allows traders to showcase their skills and compete for substantial rewards. Known for its high stakes and exclusivity, the TradeMasters Grand Prix Finals offer participants a chance to claim the Championship Gold Ring and a share of up to 100,000 USDT in prizes. This article will walk you through the event's significance, registration process, eligibility criteria and rewards.

 is an exclusive membership, designed for high–net worth individuals and high-volume traders, that offers premium perks to optimize their trading experience. Qualification requires meeting specific criteria, such as maintaining a minimum asset balance of $100,000 or achieving a 30-day trading volume of $1 million (VIP Level 1). Higher VIP tiers unlock even greater benefits.

 tier has $500,000 in asset balance, and $10 million in trading volume. The trader’s added benefits are as follows:

What Is the Bybit TradeMasters Grand Prix Series?

 is a bi-monthly trading competition designed to challenge and reward skilled traders. Participants compete for a substantial prize pool of up to 

, making it one of the most lucrative trading competitions in the crypto space. The series not only allows traders to showcase their expertise, but also provides a platform for networking globally with top-tier competitors.

. This prestigious event gathers winners from Series 1–6 and VIP traders (VIP 3 or higher) to compete for exclusive rewards, including the 

 and a share of the ultimate prize pool. With fierce competition and high stakes, the Finals represent the pinnacle of Bybit’s trading ecosystem.

Who Can Join the TradeMasters Grand Prix Finals?

The Bybit TradeMasters Grand Prix Finals is a highly competitive event, open only to top-performing traders who meet specific eligibility criteria. Participants must satisfy one of the following requirements:

These strict entry criteria ensure a competitive playing field for top-tier traders, adding prestige to the event.

Rewards for the TradeMasters Grand Prix Finals

The TradeMasters Grand Prix Finals offer an impressive array of rewards, designed to motivate and recognize top-performing traders. Here’s what participants can compete for:

These lucrative rewards make the TradeMasters Grand Prix Finals a must-attend event for top-tier traders.

How to Join the Bybit TradeMasters Grand Prix Finals

Joining the Bybit TradeMasters Grand Prix Finals is a straightforward process. Follow these steps to secure your spot:

Compete in the TradeMasters Grand Prix Finals Now

The Bybit TradeMasters Grand Prix Finals offer an exciting opportunity for VIP traders and past series winners to compete for top-tier rewards, including the prestigious Championship Gold Ring and up to 100,000 USDT. If you are not a Bybit VIP yet, 

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How to Participate in Bybit's TradeMasters Grand Prix Finals

Bybit Learn

web3

In this tutorial, we’ll explore how you can complete a series of tasks in LumiWave for Sui Wonderland 2024.

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

: Look for LumiWave’s Bybit Web3 Sui Wonderland 2024 campaign post on X.

and add your comments to complete this task.

button at the top right corner of the page. 

: Select your preferred social login option (

: Follow the instructions to complete your registration.

Ensure that you create a written record of it and remember it

, as losing this password will make your wallet 

and follow the instructions to connect successfully. Please note that you’ll need to disconnect your Sui wallet first in order to enable the 

How to Complete LumiWave Tasks for Sui Wonderland 2024

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards