In this tutorial, we’ll explore how you can participate in the Sui Wonderland NAVI Staking Campaign!

Bybit Web3 is holding an exclusive Sui Wonderland NAVI Staking Campaign from Nov 25, 2024 through Dec 25, 2024! Follow our detailed guide below to find out how you can participate in the campaign and earn rewards.

How to Participate in Sui Wonderland NAVI Staking Campaign

Create or Import a Bybit Web3 Seed Phrase Wallet

 icon in the extension bar of your Chrome browser. 

A pop-up window will appear. Then, click on 

Follow the instructions to set your device password. Then, agree to 

 be sent to the server. Ensure that you remember it, as 

You may choose to set the newly created Bybit Web3 Seed Phrase Wallet as your default wallet. Then, click on 

Import an Existing Bybit Web3 Seed Phrase Wallet

 icon in the extension bar of your Chrome browser, and click on 

: Enter your device password and click on 

: Enter or paste your seed phrases (you may choose the number of seed phrases by clicking the drop-down menu below 

: If you’ve created multiple addresses before, the 

 function will only restore wallet addresses that have assets associated with them.

 and scroll down to view the three pools available for staking. 

: You’ll then be redirected to the individual pool page. Input the amount you wish to deposit, and click on 

: Please remember to ensure that you have sufficient SUI in your wallet for gas fees.

Congratulations! You’ve successfully staked your assets in a pool under the Sui Wonderland NAVI Staking Campaign!

To view your current investments and rewards, navigate back to the 

 Only funds staked on Bybit Web3 Earn through the Bybit Web3 Seed Phrase Wallet after the event starts will be eligible to receive rewards. Please maintain your positions on Bybit Web3 to be eligible for reward calculation.

The Sui Wonderland NAVI Staking Campaign is a great opportunity for you to earn bonus rewards on your SUI, vSUI and USDC. Create your Bybit Web3 Seed Phrase Wallet and participate today!

Beginner

navi staking campaign.png

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

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 

lumiwave tutorial.png

How to Complete LumiWave Tasks for Sui Wonderland 2024

In this tutorial, we’ll explore how you can complete a series of tasks in Suilend for the Bybit x Sui Ecosystem Airdrop.

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

: Download and install the Bybit Wallet extension.

: Fund your wallet with DEEP tokens. If you don’t have DEEP tokens, you may purchase them on Bybit and transfer them to your Bybit Wallet.

button on the top right corner of the page.

: Select your wallet from the list and approve the connection in your wallet. 

: Once your wallet has been connected, scroll down and click on the 

 token in the list of supported assets. 

: Deposit at least $100 worth of DEEP assets, and click on 

deepbook tutorial.png

How to Complete DeepBook Tasks for Sui Wonderland 2024

FIFA has partnered with Mythical Games to launch FIFA Rivals, a free-to-play mobile soccer game, set for release in summer 2025 on iOS and Android. 

The S&P 500 gained 1.68% last week on strong economic data and election optimism. This week, investors await FOMC minutes, inflation data, and key earnings reports. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.10%, with Bitcoin and Ether dropping by 0.28% and 0.40%, respectively in the past 24 hours.

Today's top performer is SAND, which surged 59.4% after the release of The Sandbox Weekly, highlighting Alpha rewards, new features, and metaverse innovations.

Sandbox (SAND), launched in 2012, is a virtual world game with a blockchain-based version by Animoca Brands, enabling users to trade and monetize creations using SAND, an Ethereum-based token. 

 highlights the latest updates in The Sandbox metaverse from November 11–17, including rewards from Alpha Season 4, new partnerships, and events like the Attack on Titan avatar collection launch. Players can earn exclusive rewards, participate in tournaments, explore creative experiences like "The Art of Runway," and join giveaways for SAND tokens, NFTs, and Sandbox LAND. Community initiatives like DAO delegation and tools like Magic Palette empower creators, while events and AMAs offer insights into Web3 innovations and metaverse developments.

Check Out the Latest Prices, Charts, and Data of 

, a free-to-play mobile soccer game, set for release in summer 2025 on iOS and Android. The game features real-time arcade gameplay where players manage soccer clubs and compete globally. Developed on the Mythos blockchain, it builds on the success of Mythical's previous games and leverages FIFA's massive global audience, aiming to reach over 100 million players. The game incorporates play-to-earn mechanics, allowing players to own and monetize in-game assets. This partnership highlights the growing trend of sports organizations exploring blockchain technology for fan engagement and in-game economies.

Between November 18–22, 2024, BTC Spot ETFs saw a net outflow of $52.9M from GBTC and a net inflow of $3,406M from non-GBTC ETFs, resulting in a total weekly inflow of $3,353.1M. Cumulatively, GBTC has recorded a significant outflow of $20,326M, while non-GBTC ETFs have brought in $51,140M, leading to an overall total of $30,814M.

Magic Eden's ME token, linked to its Solana-based ecosystem, will 

 on December 10. The anticipated airdrop, potentially worth a significant sum, will reward users of Magic Eden’s Bitcoin exchange and cross-chain NFT marketplace. Eligible users can claim the token via the Magic Eden Wallet app, with allocations based on factors like trading activity and platform loyalty. On launch day, a portion of the total token supply will be unlocked for claim, with additional tokens reserved for future incentives. Pre-market trading values the token at varying prices.

1.png

FIFA Teams Up with Mythical Games for Mobile Soccer Game FIFA Rivals Launch in 2025

Podcast

We'll break down the concepts of IDO and ICO, where the hosts share their experiences on capitalizing on these offerings and the intricacies of participating in these offerings.

In the evolving world of cryptocurrency and decentralized finance (DeFi), understanding how projects raise capital is crucial for investors and developers. Two popular methods for funding new projects are Initial Coin Offerings (ICOs) and Initial DEX Offerings (IDOs). Although they share similarities, they represent different fundraising and token distribution approaches. 

In this podcast, we’ll break down these concepts where the hosts, Shadie and Dirk, dive into IDOs and ICOs, sharing their experiences on capitalizing on these offerings and the intricacies of participating in these offerings.

ICOs and IDOs are forms of crowdfunding in the cryptocurrency world, where projects issue tokens to raise funds, but they differ significantly in their structure and platform usage.

) is one of the earliest and most well-known methods of raising funds for new cryptocurrency projects. During an ICO, a project sells tokens directly to investors, often before the token is listed on an exchange. These tokens may represent future utility within a project, or they could serve as investments in the project’s success. ICOs usually occur on a project’s website or through a centralized exchange.

, functions similarly to an ICO, but with one major difference: IDOs occur on decentralized exchanges (DEXs). This allows for a more transparent and decentralized fundraising process, where token sales happen through automated smart contracts, ensuring liquidity from the get-go. 

IDOs operate by allowing investors to purchase tokens via a decentralized platform before the project launches. The process often involves the following steps:

The allure of participating in an IDO or ICO comes from the potential for high returns. Early investors often benefit from purchasing tokens at significantly lower prices than when they hit the open market. However, while the potential for profit is real, so are the risks.

During the podcast, Dirk candidly shared his experience with IDOs during the crypto boom of 2021. “I got wrecked,” he admitted, highlighting how the fast-paced environment led to careless investments. He described how he was caught up in the excitement of the market and began “aping” (investing without much thought) into every IDO he saw. “At one point, I stopped paying attention,” he confessed, leading to significant losses due to scams, liquidity issues, and projects that never delivered.

One major risk of IDOs, as discussed in the podcast, is the potential for scams. In some cases, projects don’t deliver the promised tokens, or worse, they engage in a “

”—where the developers withdraw all the liquidity, leaving investors with worthless tokens.

So, how can investors safeguard their funds when participating in IDOs or ICOs? Several tips were discussed:

Research is crucial before investing in any project. Look for projects with clear project explanations on the whitepaper, active development teams, and transparent roadmaps. “Always watch out for what you ape into,” Shadie warned, emphasizing the importance of due diligence.

2. Look for Transparency and Reputable Backing  

Projects with well-known backers, like venture capital firms or respected influencers, often have more credibility. “If there are prominent names in the list, it’s a good sign,” Dick pointed out, explaining how venture backing can indicate a project’s legitimacy.

If a project seems too good to be true, it probably is. Many scams lure investors in with promises of high returns or exclusive pre-sales. Shadie shared a cautionary tale of a project that burned $5 million in investor funds instead of distributing tokens, leaving everyone empty-handed. 

Projects that actively engage with their community and maintain a strong online presence tend to be more trustworthy. Platforms like Polkastarter, PinkSale, and Bybit Web3 IDO 2.0 offer curated environments where token sales are more transparent and secure. 

While the IDO hype may have cooled down since its peak in 2021, the podcast hosts noted that there are still promising projects emerging. Cross-chain IDOs and new fundraising models are trends worth keeping an eye on, as they could reshape the future of DeFi. These innovations aim to address some of the scalability and liquidity issues seen in traditional IDOs, making the process even more decentralized and secure.

However, the key takeaway from the podcast is to always be cautious. “Pick and choose the projects you like, but be careful,” Dirk concluded. As with any investment, there’s always a balance between risk and reward.

IDOs and ICOs provide exciting opportunities for investors to get involved with new projects at an early stage. While the potential for high returns is enticing, it’s important to approach these opportunities with caution and conduct thorough research. The crypto space is full of both groundbreaking innovation and potential pitfalls. In the closing of the podcast, the hosts mentioned — “Don’t do what we did—invest smartly, and always protect yourself from scams.”

Lessons From The Block #4 Initial DEX Offering (IDO): Early Bird Gets the Tokens

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards