DUBAI, UNITED ARAB EMIRATES - Media OutReach - 26 May 2022 - Bybit's World Series of Trading (WSOT) has been blazing a trail in competitive digital assets trading, and this year is no exception with registrations set to open on May 26, 2022. Players will compete in the world's largest crypto trading tournament for a share of the record-breaking prize pool consisting of up to 8 million USDT, non-fungible tokens (NFTs) and other perks and giveaways. To champion crypto as a force for empowerment for girls' education, through the flagship event, Bybit will be donating $400,000 in Bitcoin to UNICEF.
Breaking down the barrier between virtual and physical sports this year, WSOT returns with an exciting arena to pitch participants in an adrenaline-filled race against gaming athletes from some of the world's most formidable esports organizations. Competing on skills, speed and split-second judgment, the star guests will navigate the crypto sphere with traders from around the world, making WSOT 2022 the platform for crypto lovers to challenge world champions in esports.
"WSOT this year is all about racing to the next level," said Ben Zhou, co-founder and CEO of Bybit. "We want to encourage gamers, traders, and teams to join us in a spirit of competition and distinguish themselves at the world's greatest crypto trading tournament. We also want to use this opportunity to amplify the positive impact of crypto: improving financial literacy and financial inclusion, and putting wealth back in the hands of the common people."
Bybit's WSOT was pioneered by the cryptocurrency exchange to recognize traders who could achieve the best profit/loss ratio regardless of the investment amount. Last year, WSOT 2021 saw 35,000 participants who unlocked a record $4.09 million of the prize pool and 1,339 NFT awards. Team players from 136 eligible regions formed or joined 196 troops in the main event, with the top team making 20x in earnings. Nearly 20,000 solo players took part in the individual competition, where the winner delivered a profit and loss ratio of 7,265.94%.
Racing to the Next Level
Doubling the prize pool to up to 8 million USDT for three tracks — Solo Race, Squad Race and Speed Zone Loot, WSOT 2022 is set to captivate crypto lovers worldwide.
"The global WSOT community has unlocked a total of over $5 million in prizes in the past two years. And we are presenting an $8-million prize pool this year to share our passion for crypto with as many people as possible," Zhou said. "WSOT embodies what Bybit is all about: providing an honest, fair, level playing field for traders to capitalize on their talent. We built this ultra-fast platform trusted by the world's most competitive traders and loved by crypto beginners, because we believe that in the new world of the digital economy everyone should have equal opportunities and the ability to capture wealth with the power of technology."
Public registration for WSOT 2022 is open globally where Bybit services are available on June 10. While the trading contest period is from June 27 to July 17, 2022, participants can expect a series of perks, task-based and bonus rewards, fee waivers and lucky draws throughout the summer.
With Bybit's significant market depth and best-in-class liquidity, participants can look forward to going further in trades and enjoy maximum profitability to rank higher on the leaderboards. Additionally, Bybit's 24/7 multilingual customer support is available to ensure participants get the support they need and have a timely solution to their trading challenges along the way.
Through participating in WSOT, participants will be supporting UNICEF's work to ensure all children have access to quality digital education. Bybit is committed to furthering its partnership with UNICEF Aotearoa New Zealand to empower girls' education in East Asia and the Pacific with another BTC donation equivalent to $400,000 at WSOT 2022, or 5% of the prize pool plus contributions from Bybit.
The donation is dedicated to the UN's Sustainable Development Goal No. 4 towards "inclusive and equitable quality education" via UNICEF efforts. It helps fund, among other initiatives, digital education for girls in the region by making science and technology education within reach for marginalized groups with innovative education solutions.
"In order to overcome global challenges and ensure a level playing field for future generations, we must bridge the gender digital divide and support the further education of girls," Zhou said. "We are grateful for the opportunity to use our platform and resources to support UNICEF's efforts to ensure all children have access to quality education, especially the most vulnerable groups."
Read more about WSOT and sign up here: https://go.bybit.com/e/g9Wrgxeajqb
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
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