Bybit Launchpool WOO Special. Stake, Study & Share for $1,700,000 Prize Pool.
In case you missed it, Bybit announced today that it will publish the native currency WOO of the WOO network on the spot and derivative commodity trading platform . This provides you with two contract types of WOO, but there are more.
Bybit Launchpool is happy to be able to issue WOO—so you will be able to increase your rewards without burden.
When you stake BIT and/or WOO between 8:00 AM UTC on November 10, 2021 and 7:59 AM UTC on November 30, 2021, you will have the opportunity to participate in the 680,000 WOO prize pool.
In addition, Bybit also provides an additional bonus pool of 160,000 BIT as a reward.
But this is not enough. When any user stakes the above two assets, there is a chance to get another 400,000 USDT reward.
What is special about the WOO-BIT combination? This is how it works:
Stake to win rewards
Stake to win rewards: 600,000 WOO, 160,000 BIT, and 400,000 USDT rewards.
The event starts on November 10, 2021 at 8:00 AM UTC.
- Minimum staking amount: 50 BIT or 100 WOO
- Maximum staking amount: 300,000 BIT and 300,000 WOO
Your remuneration will start to be calculated the day after you stake WOO or BIT (UTC), and will be credited to your ByFi account every day after the start of the calculation period.
Study to Earn: 50,000 WOO
Your daily remuneration (BIT and WOO) = (the amount of WOO you have staked / the total amount of WOO staked by all users) * Daily BIT bonus pool + (the amount of WOO you have staked / the total amount of WOO staked by all users) * Daily WOO bonus pool
When you stake BIT:
Your daily remuneration (BIT and WOO) = (the amount of BIT you have staked / the total amount of BIT staked by all users) * Daily BIT bonus pool + (the amount of BIT you have staked / the total amount of BIT staked by all users) * Daily WOO bonus pool
When you stake BIT and WOO:
Your remuneration will be the sum of the above two calculations.
At the same time, there is a chance to get rewards up to 400,000 USDT. When you stake for seven consecutive days during the event period, and the net stake deposit reaches 500 BIT or 1,000 WOO, you will receive a 10 USDT reward; or when the net stake deposit reaches 50,000 BIT or 100,000 WOO, you will receive a 100 USDT reward.
You must complete KYC (L1 certification) to stake to Bybit Launchpool. Enterprises or individuals from restricted countries will not be able to participate in the event.
Learn how to win: 50,000 WOO
Explore the world of WOO with Bybit’s instructional video and take a quiz to win WOO! Users who get a perfect score on the quiz will share the prize pool equally.
For example, if 100 participants get full marks, each participant will get 500 WOO.
Share to win rewards: 30,000 WOO Share messages on any of your social platforms!
Choose your social platform and share Bybit’s activities with your friends. And complete the form and attach a picture of your shared post. After completing these two steps, you will have the opportunity to participate in 30,000 WOO reward activities.
What is WOO network?
WOO network is a deep liquidity network with excellent order execution, zero-fee transactions and fully customized trading space. It enables traders, exchanges, institutions and decentralized finance to seamlessly connect with each other, so transactions can be executed at the lowest cost and best liquidity. It contains three elements-WOOX for retail investors, WOOTRADE for institutional investors, and WOOFI for decentralized financial applications. It has also joined some industry partners to enhance the network, including 1inch, Kronos Research, Gate.io and more.
Terms and Conditions
- The withdrawal of WOO will start after 10:00 AM UTC on November 12, 2021.
- Users must complete their personal KYC to participate in the “Stake to Win Rewards” activity. This restriction does not apply to “learn to win rewards” and “share to win rewards” activities, so users do not need to complete personal KYC to participate in these two activities.
- Your staked assets can be redeemed at any time. You will not generate any income on the day you redeem your assets. To redeem, please go to “Account Management” in “Orders and Transactions” under “Mining Pool”. -Your earnings will be refreshed at midnight 00:00 (UTC) every day.
- Your remuneration will be calculated on the next day (T+1) after you stake WOO or BIT, and will be credited to your account every day (T+2) after the start of the calculation period.
- There may be a delay in depositing remuneration. You will only receive remuneration if the account balance exceeds (inclusive) 0.01 BIT or 0.01 WOO.
- All USDT reward winners will receive an email notification within 7 working days after the end of the event. You must go to the reward center to manually collect the reward within 7 working days from the email notification. Please note that your experience money can only be used for derivative financial product transactions.
- “Learn to win rewards” and “Share to win rewards” cash rewards will be automatically credited to your spot account within 7 working days after the event ends.
- All participating users must strictly abide by Bybit’s terms of service.
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...