Sui has made history as the first blockchain to adopt SCION, a secure alternative to the Border Gateway Protocol (BGP), which protects against Internet routing attacks.

The SPX index was up by 0.01%, with energy, technology, and financial sectors performing well, while consumer discretionary, staples, and communication services lagging. Geopolitical tensions in the Middle East also remained in focus. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.56%, with Bitcoin and Ether dropping by 2.48% and by 2.65%, respectively in the past 24 hours.

Today's top performer is W, which surged 10.1% following the launch of Wormholescan v2, featuring enhanced multichain data and developer tools.

Wormhole (W), launched in 2020, is a cross-chain protocol that facilitates communication and token transfers across over 30 blockchain networks. Originally a crypto bridge between Solana and Ethereum, it has expanded to include features like the Portal token bridge and messaging protocols, serving as a comprehensive platform for cross-chain interactions. 

, providing enhanced real-time multichain data for the Wormhole ecosystem. New features include token, chain, and protocol analysis, a governor dashboard, a dedicated analytics page, and a developer section with a VAA parser. Users can explore these updates at 

Check Out the Latest Prices, Charts, and Data of 

Sui has made history as the first blockchain to adopt SCION, a secure alternative to the Border Gateway Protocol (BGP), which protects against Internet routing attacks. SCION addresses security flaws in BGP that have led to significant problems on other networks by preventing malicious traffic rerouting. With SCION, Sui enhances network resilience, safeguards validators from hijacking and DDoS attacks, and boosts performance with reduced latency. This integration solidifies Sui's position as a top blockchain for secure, critical infrastructure applications, maintaining 100% uptime since launching its mainnet.

Yesterday, the total flow for BTC spot ETFs was -$39.2 million, with no flow for GBTC and a negative flow of $39.2 million for non-GBTC ETFs.

, allowing users to earn test XTM and Gems. To participate, users need to download the app via the provided link, install it, and mine tXTM to earn 25 Gems per 1 tXTM mined. More Gems lead to a larger Tari airdrop.

Beginner

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Sui Integrates SCION to Pioneer Blockchain Security Against Internet Routing Attacks

Eigenpie (EGP) is the ETH liquid restaking platform on EigenLayer enabling ETH and LST holders to earn rewards from multiple protocols while maintaining liquidity through liquid restaking tokens (LRTs).

, token holders are required to lock away their tokens for a long time through the 

 (PoS) consensus mechanism on the platform. While this structure helps keep the network liquid and secure, it’s a bit rigid regarding capital efficiency.

To counter this limitation, liquid staking protocols such as 

, which allows staked ETH to be used for other 

 (DeFi) activities, earning token holders extra rewards by issuing liquid staking tokens (LSTs).

However, liquid staking only allows assets to be staked in a single PoS blockchain. This limitation has led to the development of 

. It allows you to use staked assets to secure and earn rewards from multiple protocols through the use of 

One of the liquid restaking protocols operating on EigenLayer is Eigenpie, which lets you stake your staked assets to node operators in exchange for LRTs so you can earn rewards.

Let's examine Eigenpie more closely to see how it’s shaping the liquid restacking narrative in the DeFi ecosystem.

Eigenpie is a liquid restaking protocol within the EigenLayer ecosystem that allows you to earn passive income from both Ethereum staking and EigenLayer restaking while maintaining your assets’ liquidity through the use of LRTs. 

 ecosystem, Eigenpie aims to provide more utility for ETH holders in line with the broader vision of EigenLayer via liquid restaking.

As a native ETH holder or liquid staking participant, you can deposit your assets on Eigenpie, which then restakes them to node validators on EigenLayer. The node validators will then use these assets to power new 

 (AVS) on EigenLayer, allowing you as a token holder to earn extra rewards while maintaining liquid positions. Eigenpie has integrated with various DeFi platforms that let you use your LRTs to explore other yield-earning DeFi opportunities while accumulating Eigenpie points that qualify you for the EGP 

EigenLayer is an Ethereum restaking protocol designed to enhance the capital efficiency of your staked ETH by restaking it across different protocols. As a support layer for the Ethereum network, EigenLayer has a set of node validators who temporarily stake assets and verify transactions securely. Users who delegate their tokens to these node validators receive LRTs, which earn them rewards without unlocking their staked positions.

EigenLayer operates a system of AVS that allows projects such as sidechains, 

 to connect to its liquid restaking token protocols in order to secure their platforms without running full nodes.

As a novel isolated liquid restaking platform of EigenLayer, Eigenpie’s distinctive features include the following.

Eigenpie offers an innovative approach to liquid restaking by offering isolated liquid restaking tokens exclusive to a particular ETH LST. This isolates the risk to only the specific token staked on Eigenpie, and not any other ETH LST’s performance. This feature not only ensures that liquid restaking on Eigenpie is security-focused, but also offers an optimal restaking experience, especially to risk-averse LST holders. Below is a chart with the isolated liquid restaking tokens available on Eigenpie.

Eigenpie also offers isolated native restaking in collaboration with 

, an open-source ETH staking network that uses 

 (SSV) technology to create a decentralized and secure environment for ETH staking by splitting a validator key into several keyshares, which are distributed to multiple nodes. The isolated native restaking feature on Eigenpie allows ETH holders to connect their ETH to the website and restake it through a simple user interface. Once it’s restaked, ETH holders receive egETH tokens that earn them 2x Eigenpie points, resulting in better yields over time.

Eigenpie Enterprise, a restaking feature on Eigenpie designed for institutional grade investors, 

 that are designed to accommodate different enterprises, depending upon their needs.

The first version allows enterprises to participate in native restaking, liquid restaking and DeFi protocols only within the Eigenpie ecosystem in order to reduce their risk of bad debt. Meanwhile, the second version enables institutions to expand their positions from their existing EigenLayer holdings into the Eigenpie Institution Node Delegator, which opens them to more DeFi opportunities since they can deposit their LRTs in their preferred DeFi platform.

Eigenpie Token (EGP) is the governance and reward-earning 

 on Eigenpie. It's designed to ensure the sustainability and long-term success of Eigenpie as a restaking platform. As an EGP holder, you can lock your tokens to receive vlEGP tokens (at a 1:1 ratio) that can then be used to participate in Eigenpie's governance, and to earn rewards for active participation in the ecosystem. 

 EGP has a total supply of 10 million tokens, distributed as shown below:

Eigenpie's airdrop is reserved for holders who accumulate Eigenpie points through user engagement, and for 

 users from Binance and OKX. To accumulate Eigenpie points, users need to remain active on the platform by depositing LSTs. In short, 1 ETH worth of LST deposits on the platform earns you one point per hour. You can also earn points through referral, whereby your additional points are proportionate to the points earned by your referee.

You can buy EGP on Bybit's Spot trading platform. The token is listed as the 

 trading pair. Trading EGP on Bybit's user-friendly terminal is fast and efficient, and comes with 24-hour multilingual customer support.

The liquid restaking concept in cryptocurrency continues to proliferate, since it provides capital-efficient utility for ETH holders. Since Eigenpie is a top protocol on EigenLayer, ETH and LST holders can leverage its features, such as isolated liquid restaking and native restaking, to earn additional passive income from their staked assets.

Furthermore, institutional enterprises can leverage Eigenpie’s platform to access a wide range of DeFi opportunities by using their staked assets. The protocol offers liquid restaking services, and is thus timely as investors continue to explore DeFi opportunities in the crypto market.

Intermediate

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Eigenpie (EGP): ETH Liquid Restaking Powered by EigenLayer

Mumu the Bull is a meme coin built on the Solana blockchain. Learn more about how it works in this article.

 are two of the most iconic. Of the two imposing quadrupeds used to describe general market trends, almost everyone hopes for a bull market, in which prices soar. The crypto project known as Mumu the Bull has taken this classic concept and turned it into a 

. By combining internet trends from around the globe, Mumu the Bull hopes to create the next big thing. Is Mumu the Bull popular right now, and will its price increase in the future? Explore this guide to find out.

 blockchain. Its marketing ties together cartoon animal imagery, similarly to 

, with crypto memes about bull markets. This coin is also known for its competition with the Bobo the Bear meme coin.

According to Mumu the Bull’s creators, the coin’s primary goals are to unite the crypto world by including references to several beloved memes within the crypto universe, and to encourage countless users to trade its coin. In addition to references to bull and bear markets, Mumu the Bull endeavors to capitalize on familiarity with Pepe the Frog meme coins. It uses similar art and occasionally includes cartoon frogs in its memes. Eventually, 

 it will be able to use these playful references to become "the meme coin to rule them all." 

Some crypto investors also believe that Mumu the Bull can function as a market sentiment tracker. Its creators have set up Mumu the Bull to compete with Bobo the Bear. Therefore, some users hope that they’ll be able to predict a bull-vs.-bear crypto market by considering which of the two cryptos has a higher price and/or trading volume.

The Mumu the Bull meme coin project is built on the Solana blockchain. Thus, instead of running its own ledger, it uses the underlying security of Solana to validate and track each transaction. While Solana handles the back end, Mumu the Bull's team is focused on promoting the token. They’ve created multiple social media sites, and spend a lot of time generating memes and artwork surrounding the coin. This allows them to get their coin into the public consciousness, so more crypto enthusiasts will be interested in buying it.

 that automatically removes 0.25% of tokens from the liquidity pool for each sale that’s made. This has resulted in a current total supply of 2.324 trillion tokens. Of the total supply, 95% has been allocated toward liquidity. These tokens quickly ended up being bought and sold on the open market. The remaining 5% of tokens were distributed to the Mumu the Bull team to compensate them for their work.

Initially, the MUMU token struggled to gain attention after its release, trading at roughly $0.000005. However, several months after its launch, Mumu the Bull took the crypto world by storm. Prices suddenly doubled, and then doubled again. By Jul 29, 2024, MUMU had reached an all-time high (ATH) of $0.00012. 

Despite a drop in price from its ATH, Mumu the Bull has still managed to retain popularity. MUMU is currently within the 

 by market cap and among the top 500 cryptocurrencies overall. Furthermore, MUMU’s 24-hour trading volume is $9.87 million (as of Oct 2, 2024), and its price is still up, roughly 1,257% from its ATL. 

This pricing history reveals a lot about the popularity of Mumu the Bull. Instead of following the trend of many meme coins, with a brief spike in interest followed by obscurity, Mumu the Bull has experienced a slow yet steady rise in trading. This coin has gone from an underrated novelty to an iconic meme coin in the 2024 market. Particularly when the market is dealing with bull conditions, Mumu the Bull is trading very well.

MUMU tokens are primarily available through 

 (DEXs). The creators of Mumu the Bull suggest that people purchase MUMU by purchasing Solana tokens, and then swapping Solana for MUMU tokens on a DEX. 

However, if you prefer a more convenient way to invest in MUMU, consider purchasing Mumu the Bull tokens as a Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

If you're looking for a diverse portfolio filled with meme coins, the MUMU token is a promising option. Its price is currently low enough that it's not overinflated, yet it's still seeing a lot of trading activity. Thanks to its proximity to the Pepe the Frog universe, Mumu the Bull seems likely to keep its audience interested for some time.

However, this probably isn't a meme coin that's going to turn anyone into a millionaire overnight. While it's performing reasonably well, nothing about the coin indicates an imminent drastic increase in value. It's likely to undergo both small price increases and decreases in the future. Due to the inherent volatility of meme coins, investors need to exercise some caution when purchasing Mumu the Bull. Never overextend yourself financially, and make sure you 

Ultimately, Mumu the Bull is a promising addition to the world of meme coins. By focusing on classic memes about market conditions, it's managed to attract an audience and increase its prices. However, Mumu the Bull has a lot of competition, so only time will tell if this token can become a top meme coin.

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Mumu the Bull (MUMU): A Symbol of the Bull Run Moovement

Bybit Savings is an investment product on Bybit Earn that offers both flexible and fixed product terms with competitive and guaranteed APRs.

Demand for Passive Income Surge In Crypto

The demand for safe and reliable passive income in the crypto space is rising due to the following:

As the market matures, the search for dependable passive income options will likely continue to grow. 

 emerges as a solution for users to obtain passive income easily while sailing through market volatility.

Countries like Japan continue to experience low interest rates as compared to others. Fixed deposits in yen yield only 0.25%, prompting investors to seek higher returns to combat inflation.

 is an investment product on Bybit Earn that offers both flexible and fixed product terms with competitive and guaranteed APRs. The product supports BTC, ETH, USDT and other popular coins. 

Users can choose fixed-rate products with Bybit Savings, further reducing their exposure to interest rate volatilities. 

Compared to the 0.25% interest rate offered in the Japanese yen (central bank rates), Bybit Savings offers a much higher APR with greater stability.

You can choose from approximately 170 tokens. Stake your tokens, select either a flexible or fixed term (depending upon availability) and start earning daily passive income. 

For all details, please refer to our detailed guide 

Why Choose Bybit Savings for Stable Revenue?

How Does Bybit Savings Compare to Bank Deposits or Money Market Funds?

Apart from the benefits we’ll highlight below, the key difference is that with Bybit Savings you can 

 your favorite token while earning stable revenue.

Other benefits offered by Bybit Savings are as follows:

Comparison With Other Crypto Investment Strategies

Compared to other crypto investment strategies, such as trading or investing in high-risk tokens, Bybit Savings provides a more stable and reliable way to earn passive income. 

While trading can yield high returns, it also carries risks and requires active management. Bybit Savings, on the other hand, allows users to earn passive income with minimal effort, making it suitable for both novice and experienced investors looking for a safe way to grow their assets in the crypto space. Overall, Bybit Savings stands out as a compelling alternative for those seeking higher interest rates and a stable, low-risk investment strategy in the evolving cryptocurrency market.

Step 1: Navigate to the Bybit Savings Page

Visit the Bybit Savings page by clicking on 

Explore the available plans based on Coin, Staking Period, APR and Term, and select the one you would like to purchase. Then, click on 

Enter your investment amount, and make sure you acknowledge all the parameters you’ve chosen. Then, click on 

: For Fixed Savings, please note that the plan you’ve purchased can't be unstaked or early redeemed until it expires.

Maximizing Your Revenue With Bybit Savings

Reinvesting Your Earnings for Compounding Interest

Reinvesting your earnings is a powerful strategy that leverages compounding interest. When you reinvest the interest you earn, your principal amount increases, leading to greater returns over time. This exponential growth can significantly enhance your portfolio’s overall value. 

In the context of Bybit Savings, where interest rates can be considerably higher than those offered by traditional banks, the impact of compounding becomes even more pronounced. With Bybit Savings, you can choose to 

 the interest for those plans with flexible terms, and compound the return you’ll receive when you unstake those positions.

 is a feature that allows you to automatically invest your idle assets into Flexible Savings products on Bybit. When activated, your specified idle assets will be invested into Bybit Flexible Savings daily at 10AM UTC. Once staked, these assets function similarly to Flexible Savings, enabling you to earn yields while retaining the flexibility to redeem your assets whenever you need to. Following is a 

Diversifying Your Portfolio Within Bybit Savings for Risk Management

Diversification is a key principle in risk management, and Bybit Savings provides various options to achieve it. By spreading your investments across different savings products within the platform, you can mitigate risk and optimize returns.

For example, you might allocate a portion of your assets to Fixed Savings for more predictable returns while placing another portion in Flexible Savings to capture higher rates when market conditions are favorable. This diversified approach allows you to balance the potential for higher gains with the security of more stable returns, ultimately enhancing your overall financial resilience.

Timing Fixed Savings Periods to Match Market Conditions

Timing your fixed savings periods can be crucial to maximizing returns. By strategically choosing when to lock in your funds based on market conditions, you can capitalize on periods of higher interest rates.

For instance, if you anticipate a rise in interest rates due to market trends, locking in your funds for a fixed period can yield more significant returns. Conversely, if the market’s interest rates appear to be declining, you might opt for shorter fixed terms or flexible savings options, allowing you to adapt quickly to changing conditions. This proactive approach can help you optimize your earnings and manage risk effectively.

How Flexible Savings Allows Easy Withdrawal Without Locking up Your Funds

One of the standout features of Bybit Savings is the flexibility it offers. Unlike traditional fixed savings accounts that require you to lock up your funds for extended periods, Bybit’s Flexible Savings allows you to withdraw your assets easily without penalties.

You can invest confidently with Bybit Savings, since Bybit offers 

In addition to Bybit's security measures, users can take several steps to enhance the protection of their assets:

Bybit Savings offers a compelling solution for investors seeking reliable and higher returns in the cryptocurrency space. With features like competitive and guaranteed APRs, options for flexible and fixed terms and the opportunity to reinvest earnings for compounding interest, users can enjoy a stable and low-risk passive income stream. Furthermore, the platform’s top-notch security measures and user-friendly interface make it accessible for both novice and experienced investors.

As the demand for passive income continues to surge in the crypto market, now is the perfect time to explore Bybit Savings. By taking advantage of this innovative investment product, you can harness the potential of your idle assets and achieve your financial goals with confidence. Start your 

 journey today — and set yourself on the path to financial growth!

1. What is Bybit Savings, and how does it work?

Bybit Savings is a crypto-based savings program that allows users to earn interest on their cryptocurrency holdings. Users can choose between flexible and fixed-term savings, where flexible options allow easy withdrawal, and fixed options offer higher returns for locking in funds.

2. What are the differences between flexible and fixed savings?

Flexible savings allow you to withdraw your funds anytime, offering lower interest rates. Fixed savings, on the other hand, lock your funds for a set period in exchange for higher interest rates, providing more lucrative returns.

3. How can I start earning with Bybit Savings?

To start earning, create a Bybit account, deposit supported cryptocurrencies, navigate to the Savings section, and choose between flexible or fixed-term savings. Deposit your funds, and you’ll start accruing interest.

Yes, Bybit offers top-tier security measures, including two-factor authentication (2FA), cold storage of assets, and risk management protocols. However, like any crypto investment, users should apply additional security measures on their end.

5. How much can I earn with Bybit Savings?

Earnings depend on the type of savings you choose (flexible vs. fixed), the cryptocurrency you're saving, and the current interest rates. Fixed savings typically offer higher rates, but the earnings can grow significantly through reinvestment and compounding over time.

Yes, if you choose flexible savings. For fixed-term savings, your funds will be locked for the duration of the savings period, and early withdrawal may not be possible or could result in penalties.

7. How is Bybit Savings different from traditional savings accounts?

Bybit Savings offers much higher interest rates than traditional savings accounts due to the volatility and nature of cryptocurrency markets. However, it also comes with a different risk profile as it's tied to digital assets.

Bybit Savings is considered a low-risk way to earn passive income, but since it involves cryptocurrencies, there are still market risks involved, such as fluctuations in the value of the underlying assets.

9. What cryptocurrencies are supported on Bybit Savings?

Bybit Savings typically supports popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT. The available coins may vary over time based on market demand.

10. How do I maximize my earnings with Bybit Savings?

Maximize earnings by reinvesting your interest for compounding returns, choosing higher-yield fixed savings options, and diversifying your savings across different cryptocurrencies to manage risk.

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How to Utilize Bybit Savings for Safe and Stable Revenue Year by Year

Bybit Learn

Trading

Bybit Guide

Learn everything you need to maximize your gains in Bybit WSOT 2024 Squad Showdown, from entry requirements to ranking strategies and prize breakdowns.

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 Main Competition (Squad Showdown) but need help figuring out where to start? We’re here to help you! From competition entry criteria to ranking criteria, you’ll discover all the competition details you need to know to effectively strategize your trades — so you can ace this year’s 

How to Join the Bybit WSOT 2024 Main Competition (Squad Showdown)

The Bybit WSOT 2024 Main Competition (Squad Showdown) is a 

 contest with a total prize pool of 7,150,000 USDT that runs from Oct 10, 10AM UTC to Oct 31, 10AM UTC.

 All derivatives contracts (including USDT Perpetuals, USDC Contracts, USDC Options, and Inverse Contracts) are eligible. However, volumes from 

button during the registration stage between Oct 1, 2024, 10AM UTC and Oct 20, 2024, 10AM UTC. 

Before joining the Squad Showdown, you must open a 

 (UTA), as only UTAs are eligible for participation. Please 

, Pro 3+ (Pro 3, 4 and 5) and Institutional account users are not eligible for the campaign. After opening your UTA account, you’ll also have to deposit a minimum of 500 USDT before you can join the competition. 

 to participate in multiple competitions simultaneously. You can open up to five accounts 

 one UTA Main Account and four Unified Trading Subaccounts. 

You can join as a squad and/or as an individual. If you wish to join a squad in the competition, you’ll have to meet the requirements set by the squad. A squad will require a minimum of 20 members to be eligible to participate in the competition.

Besides the capability to use Subaccounts to participate in multiple competitions concurrently, this year's WSOT also levels the playing field with the introduction of weight class. The tiered system allows users to choose from three different tiers of wallet amounts, which are then categorized into three different weight classes, based on their selected asset tier —

 Lightweight ($500), Gold ($2,000) and Diamond ($10,000). 

Each weight class has its own prize pool, where users in higher asset tiers will share a larger portion of the prize pool based on their individual profit rankings. Lightweight users must have a minimum balance of $500 in their participating accounts, and the top 100 individuals in this tier will share 10% of the total prize pool. Gold users require at least $2,000, and the top 100 individuals in this tier will share 30% of the total prize pool. Lastly, Diamond users need a minimum of $10,000, with the top 100 individuals sharing 60% of the total prize pool. This structure ensures that both retail traders and larger players can compete fairly within their own divisions.

Additionally, instead of individuals competing in squads or in individual leaderboards, squads now compete with others in different "weight classes" as each squad's points will be adjusted according to the weight categories of its members.

The WSOT 2024 Squad Showdown is divided into four reward categories: 

The WSOT 2024 Squad Showdown includes several extra rewards in addition to the main rewards. The first extra reward is for 

, worth 100,000 USDT and awarded to the Squad that meets the trading volume threshold of 50,000 USDT with the most votes. You can choose to be loyal and vote for your squad, or vote for the squad you think is most likely to win. Voting will run from Oct 10, 2024, 10AM UTC to Oct 21, 2024, 10AM UTC. For every $30,000 in trading volume, you will get one vote ticket, up to a maximum of 15 vote tickets per user. Please 

 that votes cannot be modified after voting. All users who have voted for the final winning squad, as well as the members of the winning squad, will share the 100,000 USDT prize. 

. The squad that hits the top 10 squad PnL (%) rankings for the most dates will share the 50,000 USDT prize equally among its members. WSOT 2024 also features an extra chance in the form of a PnL% 

, whereby users with negative PNL% can receive one ticket for every 50,000 USDT transaction, with a maximum of three tickets during the event. If you’re a VIP or an Affiliated user, you’ll immediately receive one card upon registration. 

The awarding phase will occur from Nov 1, 2024, 10AM UTC through Nov 12, 2024, 10AM UTC. You can view your rewards on the 

 page. All rewards will undergo a risk assessment before being distributed. Once cleared, your rewards will be available in the 

Bybit WSOT 2024 Main Competition Ranking Categories

The competition is split into Individual and Squad categories, ranked according to Individual Profit, Individual Trading Volume and Squad PnL (%). The following explains how we break down the ranking categories for individuals and squads, and details the formula used to determine the winners.

 reward features a prize pool of 2,800,000 USDT, which accounts for

. This prize pool will be distributed among the top 100 participants in each tier 

 Lightweight (10%), Middleweight (30%) and Heavyweight (60%). The system will calculate the profits of all eligible contracts, based on the snapshot prices at the time of the last update.

Rankings will be based on users' profits. However, users with a trading volume of less than 50,000 USDT will be excluded. 

Individual Profit Reward and Calculation Formula

Individual Profit = [Account Equity (incl. unrealized PnL and/or bonus) − Initial Equity (incl. unrealized PnL and/or bonus) + Withdrawal Amount During Competition − Deposit Amount During Competition]

The PnL (%) of your UTA will include all USDT and USDC 

 and Spot Margin trading, as well as leveraged tokens. The tokens in your UTA will be converted to their USD equivalents, and your overall PnL (%) may be affected if the prices of the tokens fluctuate.

It’s important to note that actions such as deposits and transfers to and from your UTA will affect your PnL (%). Assets exchanged in the UTA are not counted as deposits or withdrawals. Below are the main actions that affect your PNL:

: Calculated every five minutes until the conclusion of the competition.

: At the beginning of the competition, if a user's wallet balance in a specific contract currency is at least 500 USDT for more than five minutes, the system will record that balance as the initial equity for the competition.

: Accumulated withdrawals (including any withdrawals and asset exchange) during the competition period.

: Accumulated deposits (including transfers, awarded bonuses, commissions and asset exchange) during the competition period.

 reward is 1,400,000 USDT, accounting for

 and distributed among the top 100 participants. The system will calculate the trading volume for eligible contracts and reward participants with higher trading volume. Each account's trading volume will be calculated separately, and the main account's volume will not include the trading volume from any Subaccounts.

Rankings will be based on users' trading volumes, with trading volumes of

50,000 USDT excluded. All calculations only factor in assets from the Derivatives account.

Any amount transferred to the Derivatives account shall be considered as a deposit, and any amount transferred from the Derivatives account to Spot or Earn accounts will be regarded as a withdrawal.

The Squad PnL (%) reward amounts to 1,400,000 USDT, 

 and distributed among the top 10 squads. To be eligible for rewards, the total trading volume of the squad must 

 a minimum value of 50,000 USDT. If the squad's cumulative trading activity is below this threshold, they won't qualify for the reward distribution, regardless of other factors. 

In each winning squad, the Squad Leader will receive 20% of the squad’s winnings, the top 20% of eligible members will share 30% of the squad’s winnings, and the remaining 50% of the squad’s winnings will be evenly divided among the Squad Members who reach the threshold volume. 

The 1,400,000 USDT Regional Squad PnL (%) reward accounts for 20% of the total prize pool. There are nine regions set for WSOT 2024: English, Japanese, Korean, Mandarin, Russian, Ukrainian, Southeast Asian, European and Open Zone. The top three squads of each region (27 squads in total) with the highest PnL (%) points will share the prize.

How Squad Profit and PnL (%) are Calculated

Squad PnL (%) Reward and Calculation Formula

Squad Member’s Profit = [Account Equity (incl. unrealized PnL and/or bonus) − Initial Equity (incl. unrealized PnL and/or bonus) + Withdrawal Amount During Competition − Deposit Amount During Competition]

Squad Member’s PnL (%) points = Profit / (Initial Equity + Total Deposits) * 100% * tier weightage points

Squad PnL (%) points = top 20% squad members' average pnl% points + percentage points of all squad members who meet trading volume threshold

Each member who trades for more than $50,000 will contribute 0.01 points to the squad. If there are fewer than 20 members in the squad who meet the requirements, the points will still be divided by 20.

As weight classes are attributed to individuals, the individual weightages will affect the calculation of the ranking in the squad. These weights are represented by weightage points 

Lightweight (10 points), Middleweight (30 points) and Heavyweight (60 points) 

which impact the importance of each level in the final calculation.

These points determine the influence of each member's contributions in the squad ranking, with higher-ranked categories such as Diamond contributing more heavily to the squad's overall Pnl (%) score.

Can I upgrade or downgrade my Asset Tier?

Bybit WSOT 2024: All You Need to Know To Maximize Your Gains

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards