Bybit Double-Win is a non-principal-protected, short-term structured product designed to allow traders to hedge against market volatility. Learn more here.

As digital currencies continue to reshape the global financial landscape, 

 remains a consistent challenge. The volatile nature of the crypto landscape often leaves investors searching for effective strategies to protect their investments. 

 against unpredictable market movements is crucial — and that's where Bybit Double-Win comes into play. In this article, we'll delve deep into this innovative solution designed to navigate the tumultuous waves of the crypto market.

 is a non-principal-protected, short-term 

. It's crafted to allow traders to benefit from market movements that sit outside a predetermined range. If a settlement price at expiration lies within this range, the investment doesn’t yield returns. Conversely, if the price moves outside the range, traders stand to gain.

The allure of Bybit Double-Win lies in its potential for significant profit if a settlement price ventures outside the established range. However, it's crucial to note the high-risk nature of this product. If the price remains within the range, traders risk losing their entire investment. 

Alison channels 100 USDT into a BTC Double-Win plan when BTC is priced at 27,000 USDT. She defines the Double-Win Range as +/− 200 USDT (spanning 26,800 USDT to 27,200 USDT), predicting heightened market volatility soon. 

Three potential outcomes arise at expiration:

In both of these winning scenarios, Alison retrieves her initial investment complemented by leveraged returns.

In this case, Alison’s entire investment is forfeited.

There are various benefits to using Bybit Double-Win. Below are three of its key advantages.

One of the standout features of Bybit Double-Win is its capacity to finalize transactions in a remarkably short time frame. While traditional investment avenues might require days (or even weeks) to settle, Bybit Double-Win can conclude settlements in as little as eight hours. This rapid turnaround time ensures that traders can swiftly capitalize on market movements, making timely decisions without being bogged down by prolonged waiting periods.

 of up to 500x. This means that traders have the potential to magnify their returns exponentially. Since Bybit Double-Win offers such impressive leverage, traders have commensurate potential to magnify their returns. 

However, it's essential to understand that this leverage is influenced by several factors.

While higher leverage can amplify potential profits, it also comes with increased risks. Traders should approach this feature with caution, fully grasping both the associated risks and the factors that can influence leverage. 

The cryptocurrency market is renowned for its volatility. Prices can skyrocket or plummet within short intervals, making crypto both an opportunity and a challenge for traders. Bybit Double-Win is specifically designed to thrive in such environments since it offers a variety of preset ranges. This allows traders to set boundaries that align with their market predictions.

Whether anticipating a significant price surge due to a major industry announcement, or expecting a drop due to external economic factors, Bybit Double-Win provides the flexibility to set a range that mirrors these expectations. This tailored approach ensures that traders can strategize effectively — even in the most unpredictable market conditions.

Like all financial products, Bybit Double-Win comes with its set of risks. Market volatility can lead to significant losses, so it's essential for traders to be aware of the potential downsides and to employ 

Unlike some other financial instruments, Bybit Double-Win isn’t principal-protected. This means that there's a possibility of losing the entire amount invested. As mentioned above, if the settlement price of the asset remains within the Double-Win range set by the trader at the time of expiration, the entire investment is forfeited. It's crucial for traders to understand this inherent risk before committing funds.

Another important aspect to consider is the finality of the Double-Win subscription. Once a user subscribes to a Double-Win plan, the decision is binding. The order cannot be modified, adjusted or canceled under any circumstances. This lack of flexibility means that traders need to be absolutely certain of their decisions before subscribing, as there's no turning back once the commitment is made.

While Bybit Double-Win offers the potential for significant returns — especially with its high leverage limits — it also comes with substantial risks. The possibility of losing the entire investment amount is real, especially if the market doesn't move as anticipated. As always, it's essential for traders to invest no more than they can afford to lose, and to approach Double-Win with a clear understanding of both its mechanics and associated risks.

Now that you know more about the fundamentals of Bybit Double-Win, here’s a detailed step-by-step guide on how to get started. Please note that you need to have an established Bybit account before you can proceed. 

: Log in to your Bybit account and hover your cursor over the 

tab on the navigation bar at the top of the page. Then, hover over 

button of the corresponding plan you would like to select.

 to estimate potential Profit and Loss (PnL) by entering the investment amount, selecting the double-win range, and indicating your anticipated market price of the underlying asset at a specific point in time.

: Indicate your investment amount and verify that all of the information is correct. Once verified, click on 

: Please ensure that you’re aware of the following: 

, you’ve successfully subscribed to the plan. 

If you’d like to view the details of your Double-Win orders, simply click on 

in the successful order notification pop-up window.

Alternatively, you can also follow the steps below if the pop-up window has disappeared.

button on the top right corner of the homepage and click on 

Ideal Circumstances for Using Bybit Double-Win

Bybit Double-Win shines brightest in specific market situations:

The cryptocurrency market is notorious for its unpredictable swings, often driven by news, rumors and external factors. In such a volatile environment, traders often seek tools that can help them safely negotiate these uncertain waters. Enter Bybit Double-Win — designed as the ultimate companion for turbulent markets. 

While Bybit Double-Win offers an exciting opportunity to profit from market volatility, it's essential for traders to assess their risk tolerance and investment goals before diving in. It's always recommended you start with a small amount, and gradually increase your exposure as you become more familiar with the platform.

Bybit Double-Win presents a novel approach to navigating the unpredictable cryptocurrency market. By offering traders the chance to profit from both rising and falling market scenarios, it stands out as a unique hedging tool. However, as with all investments, it's crucial to 

 and understand the associated risks before you decide to proceed.

Beginner

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Bybit Double-Win: Tailored Solutions for Volatile Market Hedging

Mirror Staking Protocol, formerly called Mirror L2 before a rebrand, is a Bitcoin protocol that works with Layer 2 networks. Learn more in this article.

, staking is a helpful tool that helps secure the network while letting users earn passive income. However, despite being the most popular blockchain, Bitcoin doesn't feature staking. Mirror Staking Protocol aims to change this by incorporating staking into Bitcoin's design. How does it work, and why is it important? Explore this guide to learn the details of the Mirror Staking Protocol.

 is a Bitcoin protocol that works with Layer 2 networks. Formerly called Mirror L2 before a rebrand, the project allows people to stake Bitcoin in a secure, decentralized and reliable manner, and provides computing power for Layer 2 chains.

 networks run alongside Bitcoin. They use Bitcoin's ledger as their underlying framework, adding extra smart contracts and protocols that implement features not found on the main Bitcoin chain.

What Does Mirror Staking Protocol Aim to Achieve?

Mirror Staking Protocol aims to make Bitcoin more versatile. The main Bitcoin network is currently an excellent way of processing transactions, but it's missing some of the features of modern blockchains. Layer 2 networks hope to address this issue by offering services such as scalability and improved capabilities for smart contracts. However, designing a brand-new Layer 2 from scratch requires formidable technical abilities.

The Mirror Staking Protocol project hopes to step in and make Layer 2 design easier. It provides an essential support framework that Layer 2s can implement in order to add staked assets to their systems. Not only does this provide a helpful decentralized asset custody scheme, but Mirror Staking Protocol also hopes it will help Layer 2s process transactions more efficiently, 

Mirror Staking Protocol functions as a utility layer between the main Bitcoin chain and other Layer 2 networks. It uses a node system as its core mechanism to run its larger system. Mirror’s users individually manage thousands of nodes to provide full decentralization while offering the computing power needed to run the network. 

When Layer 2 projects choose to use Mirror Staking Protocol for its decentralized BTC staking solutions, they get the support of users to stake BTC through the Layer 2 network. The Layer 2 project then exchanges these BTC tokens for 

, and the nodes on Mirror Staking Protocol form a decentralized asset custody scheme in which they manage the Layer 2 project's BTC for them. 

Tokens that have been staked for assets acquire value over time. When users are ready to cash out, the Layer 2 can then trade the mBTC for BTC and distribute rewards to its users.

Layer 2 networks looking to offer more services to their customers can use Mirror Staking Protocol’s many helpful services to perform these tasks.

Overlapping Multi-Signature Groups Scheme

Layer 2s looking for a novel way of handling transaction verifications can employ Mirror Staking Protocol's overlapping multi-signature groups. This method of node management allows multiple nodes in a group to sign a transaction, offering greater security and efficiency for Layer 2 projects. People who choose to use this feature from Mirror Staking Protocol receive access to several perks.

The node election process consists of sets of five nodes. For every transaction, a majority of these nodes have to verify a transaction in order for it to be finalized. This provides extra security, since a single malicious actor can’t hijack the verification process.

In addition, groups of nodes end up forming overlapping groups. If validators from one group aren’t used, they can join together with unused validators from another group. By forming overlapping groups, Mirror Staking Protocol offers users faster and more scalable transactions.

Overlapping multi-signature groups also adjust in size based on transaction amount. Only three nodes are needed to finalize transactions of < 1 BTC, while transactions of > 1 BTC require more nodes. By downsizing node needs for small transactions, Mirror Staking Protocol reduces network needs during times when several small transactions are being processed.

Ultimately, Mirro’s node system provides fantastic security for staking funds. Layer 2s can offer Bitcoin staking to their users with full confidence that their funds are in safe hands.

Even if you aren't running a Layer 2, you can participate in Mirror Staking Protocol by assisting with node election. Node runners are elected by community members. Those who interact with the community and gain trust can win votes in order to manage a node. They then stake funds equal to 1 BTC to operate it. 

These funds act as collateral in case the node provider fails to verify transactions properly. Running a node provides the chance to earn additional income, because node operators earn 

 that let them buy a set amount of MIRR for a strike price of $0.12.

With Mirror Staking Protocol, other projects can participate in Bitcoin staking. Participants choose to temporarily lock their Bitcoin in 

 through the Mirror Staking Protocol ecosystem in order to earn passive income on these funds. When they choose to unlock their tokens and cash out their rewards, they reclaim their original funds along with additional interest earned on the BTC tokens.

 to make community decisions and manage its Bitcoin staking system. A total supply of 500 million tokens are distributed in the following manner:

Node rewards will be distributed over a 12-month period, while investor and team allocations will be unlocked in several rounds over the course of four years. Tokens allocated through the 

 will have a three-month waiting period before unlocking.

Mirror Staking Protocol has been working on the design of its system for a while, and in 2024 it's finally ready to start testing it. In March 2024, the Mirror Staking Protocol testnet went live.The project hopes to 

 after ensuring that the node election process and BTC bridging go smoothly.

Once Mirror Staking Protocol goes live, its main focus will be on bringing its decentralized BTC staking solutions to more networks. It hopes to attract more Layer 2 projects that want to stake Bitcoin by using its services. After building a bigger user base, Mirror Staking Protocol hopes to eventually enable staking of its mBTC token.

Mirror Staking Protocol is currently one of the Bitcoin Layer 2 projects in the 

. Participants can claim a share of a substantial prize pool that exceeds $400,000 in TGE tokens.

Mirror Staking Protocol provides a variety of helpful services for other Bitcoin projects. By enabling Bitcoin staking and node management, Mirror Staking Protocol makes it easier for Layer 2 projects to reward users and encourage earning passive income. The project is still in its early stages but it could have a lot of potential. Its upcoming airdrop and mainnet launch will be excellent opportunities for more users to get involved.

Learn more about the project and how you can claim rewards by checking out the 

. We’re also hosting a Web3 livestream on May 8, 2024, on the Bitcoin economy’s biggest alpha. Stay tuned 

, in which we cover trending Bitcoin Layer 2 projects.

Intermediate

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Mirror Staking Protocol: A Secure Bitcoin Staking Solution

Friend.tech has launched version 2 of its blockchain-based social platform with new features and anticipation for a 100% airdrop of its FRIEND token.

The SPX index is down 1.6%, driven by a rise in bond yields following higher-than-expected employment cost data, raising concerns that the Fed might maintain higher interest rates. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 6.02% and 6.79%, respectively in the past 24 hours.

Today’s outperformer is FRONT, which jumped 4.6% after Frontier Wallet enabled secure cross-chain asset swaps to Cronos Chain with XY Finance.

Frontier (FRONT), founded in 2019, is a multi-chain DeFi and NFT wallet that supports over 65 blockchains and enables secure trading, staking, and asset management through a single interface. It integrates with top wallets via WalletConnect and simplifies the user experience by minimizing the need for multiple extensions and seed phrases. Frontier Wallet now 

 cross-chain asset swaps to Cronos Chain via XY Finance, enabling secure bridging to $CRO from over 20 blockchains. Users can also participate in the Spring Odyssey event, promising enhanced on-chain experiences with Frontier.

Check Out the Latest Prices, Charts, and Data of 

 for Bitcoin’s Lightning Network in partnership with Lightspark, offering users instant, low-cost Bitcoin transactions as an alternative to the slower, more expensive traditional Bitcoin network. This integration supports Coinbase's goal of creating a global payments system with transactions costing just one cent and processing within one second. The Lightning Network, operational since 2017, significantly reduces transaction costs compared to traditional finance methods, such as credit cards and wire transfers. This move not only enhances the utility of Bitcoin for Coinbase's customers but also advances the broader crypto ecosystem by supporting faster, more affordable, and more secure global payments.

After the debut of Hong Kong's first spot Bitcoin ETFs, Bitcoin's price fell below $61,000, with concerns it could drop further below $60,000. The launch triggered a "sell-the-news" reaction, contributing to a downward trend and negative net flows in U.S. Bitcoin ETFs. This situation poses risks but may also present a buying opportunity for long-term investors.

 version 2 of its blockchain-based social platform with new features and anticipation for a 100% airdrop of its FRIEND token. The company has already taken a snapshot for the airdrop, which may occur as soon as next week when points balances become blockchain-based. Friend.tech, which debuted in August 2023 on Base, a Coinbase-incubated Ethereum Layer 2, had initially seen significant activity but later experienced a decline. The latest update introduces the Money Club for managing community treasuries and minting tradable collectibles, a new points system for the airdrop, and custom engagement metrics. Additionally, version 2 allows users to customize their chat spaces. The platform currently has $34.4 million in total value locked, down from its peak of $52 million.

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Friend.tech Launches Version 2 and Announces Airdrop

Learn how you can import your mnemonic phrase for Bybit Wallet with our comprehensive article.

For new users, it's recommended that they familiarize themselves with the wallet's basic operations, understand its features and characteristics, and then start using and importing mnemonic phrases.

If you haven't installed Bybit Wallet yet, please click 

After installation, you can pin the Bybit Wallet to the toolbar through the following steps:

 icon in the upper right corner of your browser, and the Bybit Wallet will pop up the initialization interface.

Before using your Bybit Wallet, please set a password first. This password is used to unlock your wallet and encrypt your key information. The local password will not be uploaded to our server, so please keep it carefully. Once lost, the password cannot be retrieved.

After entering the password, please check the 

If you are already using Bybit Wallet, then you only need one step to import your mnemonic phrase.

Please click on the wallet address to enter the wallet management page:

Next, enter the device password you created for the wallet and click 

After setting the local password, please select 

If your mnemonic phrase length is 12, you can click the 

 input box and paste it directly. Of course, you can also manually enter them one by one.

In addition, we also support mnemonic phrases of different lengths, which are 12-, 15-, 18-, 21-, and 24-word mnemonic phrases, all of which can be imported into Bybit Wallet. Please choose the one that suits you.

 button to import. Bybit Wallet will search for the wallet address that has assets under the mnemonic phrase and automatically import it into Bybit Wallet.

At this point, the mnemonic phrase has been successfully imported into Bybit Wallet.

In the import wallet interface, you can also choose to import the wallet using your private key. Just click 

, then enter your private key in the input box, and then click 

Now, you can start using Bybit Wallet to your heart's content. Remember to update your wallet regularly to get the latest features and optimizations. We are always working hard to improve and enhance the user experience of Bybit Wallet. If you have any suggestions or feedback, feel free to let us know any time.

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How to Import Your Mnemonic Phrase for Bybit Wallet

Explainers

Metaverse

Altcoins

Virtua (TVK) is a metaverse environment dedicated to gaming and supporting gamers’ digital lives.

, an immersive digital world underpinned by blockchain, VR and AR technologies, is currently among the hottest topics in the crypto industry. A number of platforms, mainly in the gaming and NFT spheres, have risen to dominate this space. These include gaming environments like 

 (ILV), metaverse giants that are typically focused on one main game — although some platforms, e.g., 

, allow you to create your own custom games as well.

Virtua (TVK) is a major metaverse undertaking with a completely different approach: it’s a blockchain-based 3D digital world that acts as a comprehensive hub for all things related to crypto gaming. These include a variety of games, 

, NFT-based characters, gamer lounges, diverse land spaces and more. In short, Virtua provides an environment for users to play games, socialize and live their digital lives wholly immersed in a world of gaming.

 (TVK) is a metaverse environment dedicated to gaming and supporting gamers’ digital lives. In the Virtua Metaverse, users can play games, trade game assets as NFTs, purchase land plots, interact with animated characters and socialize with each other.

One of the earlier projects dedicated to providing a metaverse experience, Virtua was founded in 2017, initially under the brand name Terra Virtua, by a gaming industry veteran, Gary Bracey, and a technology entrepreneur, Jawad Ashraf. In June 2022, the platform was rebranded to Virtua, and in late 2023, the project team announced plans for 

 to Vanar (VANRY). The new brand and token names will be used once the platform launches its own 

Initially, Virtua focused on the NFT space. However, the platform has expanded significantly over the years. It now offers virtually everything a metaverse gamer might need — games, socialization lounges, special characters as NFTs, a variety of crypto land plots and more.

Among the special characters available on Virtua in the form of NFTs, the most popular are humanoid creatures called VFLECTs. When you first create an account on Virtua, you get a free non-NFT VFLECT to use as your avatar.

Virtua Prime, the first “planet” launched in the Virtua Metaverse, is where all the current activity on the platform happens. It’s divided into six regions where virtual islands — with different themes or purposes — are located. The regions and islands of Virtua Prime are as follows:

Some regions are already populated and have activity in them, but the majority still await their dwellers. The populated islands are in Region 1, where the platform’s main island, Virtua Island, is located, and Region 2, home to 

 Island. We’ll take a closer look at these two islands in the following sections. 

This is the primary island on the planet and home to the multidimensional Virtua Hub, which connects all the islands of Virtua Prime. The island also hosts digital land plots in four different sizes — Small, Medium, Large and Giga — and is divided into three City Zones and five Edge Zones, each of which has a few thousand individual plots that users can purchase.

The island also features thematic Experience Zones, areas dedicated to some industry or activity such as gaming, fashion, automotive and more.

Virtua Island also hosts the Monster Zone, an area where intimidating massive monster creatures roam. Land plots bordering the Monster Zone are some of the most expensive and prestigious on Virtua Island. Evidently, the island dwellers are brave folk!

A key part of Virtua Island is Virtua Hub, the beating heart of the entire planet. This is a multidimensional space that acts as a central portal for Virtua users. It provides links to NFT marketplaces, games, socialization areas and all the islands on the planet. The hub helps users navigate Virtua’s massive and complex environment. It also hosts the VFLECT Zone (where the abovementioned VFLECT creatures hang out), the Information Hub, NFT Showrooms, NFT trade zones and a lounge dedicated to esports fans.

Cardano Island is the first crypto island on Virtua. In early 2023, the Cardano (ADA) blockchain was 

, and Cardano enthusiasts can now have their own unique user experience on a separate island.

Cardano Island is home to Cardano HQ, the central point of navigation for the island residents; Cardano Academy, where users can access educational material and meetup opportunities; three Cardano Towers, with up to 1,000 condos per tower for purchase; and 12,999 land plots.

The Virtua Metaverse features a large variety of different NFTs. VFLECTs, land plots, condos in towers, resources on islands and many more asset types are all represented as NFTs on the platform. Virtua’s NFT Marketplace is the key area where these assets are traded.

VFLECTs are humanoid creatures that serve as a main NFT type on Virtua. There’s a variety of VFLECT configurations, and Virtua has partnered with many external brands and projects to create themed VFLECTs. For example, one of the VFLECT varieties is the Purgatori VFLECT, based on the famous Purgatori comic book character.

VFLECTs are roaming around in Virtua and are among the most actively traded NFT varieties on the platform’s marketplace.

Guardians are another type of NFTs in the Virtua world. There are 999 Guardian NFTs in total. They’re described as protectors of Virtua, whose task is to defend the space from monsters. As with VFLECTS, you’ll often bump into them when spending time in the Virtua Metaverse.

Players can receive Guardian NFTs for free by clearing Level 50 in the Season Pass game. Note that a single player can only claim one Guardian for free. If you hope to own more than one Guardian, you'll have to purchase them in the market.

Virtua’s land plots are also traded as NFTs. Land plot prices differ, depending upon the island and zone, with places closer to the Monster Zone on Virtua Island trading at a premium. Virtua Island has 55,000 plots, in addition to 10 vast Giga Plots across its eight zones.

Each land plot may have various NFT-based items, introducing a dynamic element to life on the plot. For instance, there are small Loot Boxes that occasionally appear on plots, and can be opened for a surprise; and Relics, mysterious items that can alter the land plot’s properties. In total, over 10 item types might be available on a land plot, and the availability of each type depends upon the size of the land piece you own.

Creatures, land plots and items that belong to the Virtua Metaverse aren’t the only NFT types on the platform. The marketplace also supports independent digital artwork creators, who can mint NFTs that represent their unique artwork and list them on the marketplace for sale.

Buying land plots or owning VFLECTs is a lot of fun — but true gamers always appreciate the opportunity to play actual games. The 

 is the part of the platform where it all happens. An important element of the network is the Gamers Lounge, where you can access exclusive gaming content and play games for crypto and NFT rewards.

Outside of the exclusive lounge, Virtua has made available a selection of HTML5 games, as well as its flagship mobile game, 

 — a fun environment in which you go on a space run, overcoming obstacles and challenges along the way.

TVK is Virtua’s native cryptocurrency, which you can use to purchase land plots in the Virtua Metaverse. You can also stake TVK in Virtua’s Prestige Club to earn a host of rewards and benefits, such as exclusive NFT 

, TVK bonuses and a variety of collectibles. The Prestige Club membership has four levels — Bronze, Silver, Gold and Platinum. The minimum required to join as a member is 5,000 TVK (around $240) for the Bronze Prestige Tier Level, and up to 125,000 TVK (around $6,000) for Platinum.

TVK can also be earned by completing quests and winning competitions. The token also has 

 functionality. By staking your TVK funds, you can participate in voting on the future direction of the Virtua Metaverse. Staking for governance voting is different from staking in the Prestige Club. For governance staking, users need to lock at least 50,000 TVK (around $2,400) to be eligible for voting. The more tokens you stake, the more voting power you have.

TVK is a supply-capped token. Its total and maximum supply stands at 1.2 billion, with nearly all of that amount in circulation.

As of Dec 1, 2023, TVK is trading at $0.0478, around 96% lower than its all-time high of $1.21 on May 15, 2021, and 169% higher than its all-time low of $0.01767 on Sep 13, 2023.

Long-term forecasts for TVK are all bullish, with PricePrediction 

 $0.136 in 2025 and $0.907 in 2030, and DigitalCoinPrice 

Is Virtua Kolect (TVK) a Good Investment?

Operating in the booming niche of the metaverse, Virtua and its TVK token show great promise. TVK acts as a multi-function token with vast utility within the Virtua Metaverse. TVK, or its planned future replacement, VANRY, will experience solid growth as the Virtua platform develops and expands. Multiple factors point to TVK’s great investment outlook:

TVK will certainly capitalize on these opportunities to put up some solid notches on the price chart. Nevertheless, even though TVK may show potential for growth, the volatile nature of 

 and analysis before considering any investment.

 Spot pair in the Innovation Zone. If you’re a gaming or metaverse enthusiast, you can’t miss out on TVK! Note that tokens listed in the 

 may be vulnerable to volatile price swings.

Many of the large metaverse platforms launched so far have been criticized — even ridiculed — for their visually underwhelming user experiences that fall short of the true metaverse. Virtua is different. Its vast, complex environment comes close to the rich graphics that deserve the metaverse badge.

And for gamers, Virtua is a rare platform that offers a comprehensive digital living and playing experience. Playing games, buying land plots or condos, socializing with other gamers, nurturing your VFLECTs, trading NFTs and winning collectibles — all this is offered within the Virtua Metaverse. What more could a gamer ask for?

Virtua (TVK): The Ultimate Metaverse Playground

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards