Bybit ByVotes: Vote for Your Favorite Projects and Win Rewards

Bybit Spot X is an all-in-one platform that presents all of Bybit’s latest Spot listings and events on a single page. Bybit ByVotes is a feature within Spot X that lets you vote for your favorite crypto projects to be listed on Bybit. This article delves into how the revamped ByVotes works, covering everything from its basic operations to its expanded offerings.

Key Takeaways:

• ByVotes is a feature on Spot X that allows users to vote for their favorite tokens and earn rewards if they get listed.

• The revamped ByVotes will see poll structure, listing and prize pool changes.

• Participation in ByVotes is open to new and existing Bybit users.

What Is Bybit ByVotes?

ByVotes is a popular product of Bybit Spot X, a platform that merges all of Bybit’s latest spot-listing events in one location. The role of Spot X is to make Spot trading easy and accessible. Aside from ByVotes, other SpotX features include Token Splash, ByStarter, Launchpad and Launchpool. Each event promotes in-demand or upcoming crypto projects, allowing you to participate in prize pools and market analysis to learn about those projects.

The ByVotes platform is a crucial component of Bybit’s Spot X. It operates as a voting system, as users vote on existing crypto projects to be listed in Bybit’s Adventure Zone.

The voting process comprises of five phases:

• Snapshot

• Voting

• Winner Announcement

• Rewards Distribution

• Launch

This structure ensures that participants clearly understand both the voting mechanics and the benefits involved.

Bybit ByVotes offers significant advantages for projects and users. Projects gain an opportunity to be listed in the Adventure Zone if it achieves a 100% support rate during the event, gaining community support through user votes.

For users, ByVotes is a risk-free way to earn rewards and support desired projects.

Learn more about Bybit ByVotes in this FAQ.

Past Bybit ByVotes Events

ByVotes has successfully conducted 21 voting rounds, each of which has. Each round showcased Bybit's commitment to community-driven decisions for project listings. Among the successful projects that have emerged from ByVotes are ROUTE, OMNI and ZIG.

How Does Bybit ByVotes Work?

Who Can Participate in Bybit ByVotes?

New and existing Bybit users can take part in ByVotes.

The inclusive nature of the platform is spread to the ByVotes rewards system. Rewards are equal across all user categories, regardless of whether a user is new, existing or VIP, and are based solely on the number of votes cast in order to promote fairness.

Which Stablecoin Assets Does ByVotes Support?

For the voting process, Bybit ByVotes supports several designated stablecoin assets. These include USDT, USDC, USDe, USDD, DAI and CUSD. A $1 equivalent of these tokens equates to one vote, allowing effective voting. 

The eligibility requirement for voting is that you must hold a minimum of $100 in any combination of the supported stablecoins. This requirement ensures that you’re vested in the polls and actively engage within the community.

How Are ByVotes’ Voting Tickets Calculated?

Users must hold a minimum of $100 in either USDT, USDC, USDe, USDD, DAI or CUSD.

24 hours before the voting event begins, Byvotes will take hourly asset snapshots of participants' asset balances. Voting vouchers will be issued based on participants’ average asset holdings during this snapshot period, where users will get one vote for every $1.

For users with a 24-hour average position value exceeding $500,000, the number of voting tickets will be capped at $500,000.

The number of voting tickets will be reset at the start of each month.

What Is Bybit’s Adventure Zone?

Bybit’s Adventure Zone offers users early access to high-potential projects and trading opportunities. Crypto tokens currently listed in the Adventure Zone include POPCAT, SUNDOG, NEIRO and more.

On Bybit’s spot trading platform, you can access the Adventure Zone via Trade → Spot Trading, then select Adventure Zone from the menu. The Adventure Zone offers opportunities that involve high risks, including early-stage projects that let traders engage before they become widely available. Projects listed in Bybit’s Adventure Zone are subject to change, based on the market. It's best to regularly check the Adventure Zone for the latest listings and updates. Note: You may experience market swings, liquidity issues and/or delisting in Bybit’s Adventure Zone.

How to Participate in Bybit ByVotes

Follow these steps to join Bybit ByVotes and participate in voting on new projects:

1. Create a Bybit account or log in if you’re an existing user.

2. Hold Minimum Funds of at least $100 in your account in the corresponding stablecoins (USDT, USDC, USDE, USDD, DAI and CUSD). Users will receive voting vouchers daily at a 1:1 ratio to the previous day’s 24-hour average asset value (rounded down).

3. Complete KYC Level 1 to vote from your main account. 

4. Vote for your desired crypto project. Users must vote a minimum of 100 votes each time, and a maximum of 10,000 votes per project.

5. Completion, Rewards and Listing: If a project hits 100% completion, rewards are distributed in seven days. Listing occurs in the Adventure Zone within two weeks.

Notes:

— If a project fails to meet its goal, you retain your assets and receive no rewards.

— Earn extra votes by referring new users. The vote amount per referral varies per project.

Conclusion 

Bybit's ByVotes gives people an excellent way to back new crypto projects that have potential by voting for them and earning rewards if the projects get listed successfully. Through Spot X, users gain early access to tokens, earn rewards and influence new listings. 

With risk-free participation, ByVotes empowers you to impact Bybit’s growing ecosystem. Join Bybit ByVotes today and vote for your favorite tokens!

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