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Phemex Futures Trading Competition: $150,000 USDT prize pool, trade alt season, and win rewards.
ByAinvest
Monday, Aug 11, 2025 2:04 pm ET1min read
Phemex Futures Trading Competition: $150,000 USDT prize pool, trade alt season, and win rewards.
Bybit, one of the world's leading cryptocurrency exchanges by trading volume, has relaunched its Bybit Web3 platform with a significant promotional campaign. The second iteration of Bybit Web3, an on-chain trading module, offers traders a seamless on-chain trading experience with innovative features and a user-friendly interface [1].The relaunch, which includes a $200,000 prize pool, aims to celebrate the platform's return and encourage user engagement. The platform, which paused operations in May 2025, has been updated to integrate core DeFi functionalities and benefits, removing the need for multiple Web3 wallets and gas tokens [1].
The new Bybit Web3 platform supports trading of major on-chain assets such as TUNA, PUMP, FRAG, JLP, RAY, MOODENG, LetsBONK, TSLAx, MSTRx, SPYx, CRCLx, and NVDAx on the Solana network. Users can switch between centralized and Web3 trading seamlessly using their Bybit UTA, which supports USDT, USDC, SOL, and bbSOL [1].
To celebrate the relaunch, Bybit has initiated a time-limited promo event with a $200,000 USDT prize pool. The campaign includes two events: a Task-Based Rewards campaign offering 120,000 USDT and a Performance-Based Competition offering up to 80,000 USDT [1].
The Task-Based Rewards campaign encourages participants to complete simple tasks, such as making the first Web3 trade, to earn Lucky Draw Tickets for a chance to win the 120,000 USDT prize pool [1]. The Performance-Based Competition, on the other hand, allows traders to compete for top spots on the leaderboard by volume, with the chance to win up to 80,000 USDT [1].
Bybit Web3's relaunch marks a significant milestone in the exchange's on-chain trading strategy, offering users flexibility and support in an innovative model. With more features, such as on-chain and off-chain arbitrage opportunities, on the roadmap, getting ahead on-chain has never been easier [1].
References:
[1] https://u.today/bybit-web3-back-relaunches-with-200000-promo
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