- 4.9x bigger prize pool than last year at up to 7.5m
USDT & NFT addition
- Largest WSOT donation to UNICEF at $400,000 in BTC
SINGAPORE - Media
OutReach - 16 August 2021 - The summer games of
crypto trading are back. The 2021 edition of cryptocurrency exchange Bybit's
World Series of Trading (WSOT), set to open for registration on Aug. 18,
promises to be the world's largest crypto trading tournament yet again.
The WSOT 2021 prize pool is up to an unprecedented 7.5
million USDT, plus a bonus track of WSOT NFT collectibles and additional USDT,
Bybit announced today.
"WSOT is returning bigger and better as promised," said
Ben Zhou, co-founder and CEO of Bybit. "We want to celebrate excellence and the
spirit of competition, as well as shine a light on the positive influences of
crypto on our daily lives — improving financial literacy, getting people interested
in tech, and putting on top of mind ways we can be a force for change and give
back to the wider society."
The flagship trading event by Bybit, one of the world's
most popular crypto exchanges, attracted over 12,000 participants last year.
The winning teams and individuals out of 135 troops and 2,128 solo contestants
took home $1.27 million in prizes in 2020.
Eyes on
the Prize
With a prize pool of up to 6,000,000 USDT for teams and up
to 1,500,000 USDT in the individual competition, WSOT 2021 is slated to be the
event of the year for crypto traders around the world.
"Bybit remains in awe by the overwhelming support from the
global crypto community. In response, we worked hard in the past 12 months to
take the competition experience to the next level with the largest prize pool
to date," said Zhou.
WSOT 2020 was trader junki84's first ever crypto trading competition. The participant
tested out his trading strategy and finished with a legendary 5,242.02% in
Individual P&L(%). Equally impressive was trader SalsaTekila, who came in second with a 3,956.56% Individual
P&L(%). With greater rewards and more participants, the competition is
expected to be even more intense this year.
"We are grateful for the opportunity to provide a platform
for the world's best traders to live up to their ambition. Their achievements
were something to behold. And their craft and passion epitomizes everything
crypto is about: creating a fair, transparent and open environment for
individuals to be the best they can be," remarked Zhou.
WSOT 2021 is open to global traders where Bybit services
are available. Participants can form a troop or play solo to access early bird
perks, trading fee discounts or waivers and a chance at more than 1,000 NFTs
and 40,000 USDT bonus in lucky draws.
Supporting
a Better Future
In 2020, Bybit donated
from the WSOT prize pool 10 BTC at market value of over $100,000 at the time,
to UNICEF's pandemic relief efforts[1].
One year on, COVID-19 continues to be a universal crisis, particularly
disrupting children's access to education and threatening their long-term
well-being.
Bybit has quadrupled its donation to $400,000 in BTC this
year to support UNICEF in their efforts to provide STEM education for girls in
Vietnam and deliver quality education in East Asia and the Pacific.
"The world is learning to cope with the ongoing pandemic,
but vulnerable groups who feel the deepest impact are often overlooked. Over
the years Bybit has borne witness to the talent and potential of members of the
global crypto community, regardless of age, gender and background," said Igneus
Terrenus, head of communications at Bybit. "There really is no better
investment than in the welfare of children and their right to education. We
hope our donation to UNICEF will help change life for the better for those who
will grow up to shape the future."
WSOT 2021
Details
The 10-day registration phase starts at 10AM UTC on Aug. 18.
Eligible contestants may participate in two main tracks as
well as contend for bonus prizes, including NFTs, over a 20-day competition
period from Aug. 28 to Sept. 17:
-
BTC & ETH Troop Throwdown: join or lead a troop of 10 members or above to unlock a
prize pool of 6 million USDT
-
Solo Showdown:
individual traders will compete for their share of 1.5 million USDT in rewards,
up from last year's 90,000 USDT prize pool
- +1,000 NFT
collectibles of 40 types and 40,000 USDT in bonus await users in daily lucky draws
Read the rules and sign up for WSOT 2021: bybit.com/wsot2021
[1] UNICEF
does not endorse any company, brand, product or service.
The issuer is solely responsible for the content of this announcement.