Creating a new movement in the Crypto world, bybit has launched a competition called ‘Crypto Surf: Ride the Waves with Trailing Stops’. The event will run till 19 May 2025 and has a total prize pool of $ 250,000 USDT. This initiative of bybit has come at a time when the company is going through many difficult times. After hack Bybit nft market shutdown The trust of users was reduced. In such a situation, this event is not only encouraging for traders, but is also considered an attempt to improve the image for bybit.
Competition format: ALBUM Industry and Bots clash
Traders participating in this event can compete with Album Buying and Selling or Buying and Selling Bots. The competition will be based on three major parameters: Benefit and Loss (PNL), Go Back on Funding (ROI) and Total Trading Volume.
Another interesting aspect is that users can also guess which squad is going to win, if your prediction is right, then you will get a share of 5% prize pool in additional reward.
Who can take part
Some eligibility criteria have been set to participate in this event:
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The user’s wallet should have at least $ 1,000 USDT.
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Squad trading volume should be at least $ 10,000.
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The user will have to complete his Stage 1 KYC (Identification Verification).
Only after fulfilling these conditions, a trader will be considered eligible to participate in the competition.
This strategy of bybit among challenges
Recently bybit has been surrounded by many controversies and crises. $ 1.45 billion in February 2025 Bybit hack It gave it a tremendous blow, which is considered to be one of the biggest crypto hacks ever. After this, in April, the company also shut down its IDO Product Pages and NFT Market, causing users’ trust.
Competitions like Crypto Surf are an attempt to win the trust of users again. The declaration of prize pool and the thrill of competition can bring the bybit to discuss again, but users must be vigilant.
Conclusion
Bybit’s new event is giving Crypto traders a great opportunity to earn reward and show their skills. But the incidents of the past months remind that it is very important to be cautious while working with any exchange. If you are eligible and understand the risk, Crypto Surf can become a great experience for you.