Bybit, the world”s second-largest cryptocurrency exchange by trading volume, has announced an exciting new initiative called the Trailing Matrix: Trail & Trade, which is set to run until December 4, 2025. This event presents an opportunity for eligible trading bot users to compete for a share of a substantial prize pool amounting to 200,000 USDT.
The Trailing Matrix challenge encourages Bybit traders to engage with the platform”s advanced Trading Bots, specifically the Futures Grid and Spot Grid configurations. Participants can earn rewards through two distinct mechanisms: a lucky draw and a points-based system.
In the lucky draw segment, a total prize pool of 50,000 USDT is available. Traders can participate by meeting specific trading volume targets with both the Futures Grid and Spot Grid bots. The volume milestones range from $700 to $10,000, and each completed task grants the user one Lucky Draw Ticket.
Additionally, up to 150,000 USDT will be allotted for the points system, which rewards users for their trading activity. Points can be accrued through various tasks, with four mechanisms in place to calculate rewards: trading volume without the Trailing feature (0.3x multiplier), trading volume with the Trailing feature (0.5x multiplier), daily total equity (0.1x multiplier, capped at 200,000 points), and trading count (15x multiplier, capped at 4,500 points). To be eligible for any prizes, users must accumulate a minimum of 25,000 points.
The introduction of trading bots allows users to automate their trading strategies and execute orders with enhanced precision in the volatile cryptocurrency landscape. Bybit”s comprehensive toolkit and diverse product offerings empower users to refine their trading tactics and deepen their knowledge of digital assets.
Registration for the Trailing Matrix challenge is mandatory, and interested participants should consult the official Bybit website for comprehensive details regarding participation rules and eligibility criteria.
About Bybit
Founded in 2018, Bybit has rapidly established itself as a leading cryptocurrency exchange, catering to a community of over 70 million users globally. The platform emphasizes transparency and inclusivity within the decentralized ecosystem, positioning itself at the forefront of Web3 initiatives. Bybit collaborates with prominent blockchain protocols to enhance its infrastructure and promote on-chain innovation. Known for its secure custody solutions, varied marketplaces, and user-friendly interfaces, Bybit effectively connects traditional finance (TradFi) with decentralized finance (DeFi), enabling developers, creators, and enthusiasts to harness the potential of Web3.
For further information about Bybit, visit their official website.
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