and what makes this year special
Since its launch, WSOT has grown from a modest crypto trading competition into one of the most notable global trading competitions in crypto.
Beginning with a relatively small pool of 12,000 participants and a $1.27 million prize pool in its inaugural WSOT 2020, the competition has since gained traction year-on-year as interest in crypto trading continues to grow.
Attracted 35,000 participants with a significantly higher prize pool of $7.5 million and introduced the BTC & ETH Troop Throwdown and Solo Showdown, allowing individual and team participation.
Drew in 69,082 participants from 182 countries with an $8 million prize pool and introduced bonuses like NFTs, lucky draws and a $400,000 donation to UNICEF from the prize pool.
Featured 117,116 participants from 188 countries, an $8 million prize pool and introduced events like the Squad Showdown and Copy Trading Fest for more dynamic forms of participation. Also included Lamborghini and Rolex watch prizes.
WSOT 2024 will introduce several key features that make
this year’s competition edition the most exciting so far:
WSOT 2024 will feature the largest prize pool in the competition’s history at $10 million. This pool is divided across team competitions like the Squad Showdown and individual categories to ensure that solo traders and teams can compete for substantial rewards.
In its continued efforts for inclusivity, WSOT 2024 is expected to attract participation from over 190 countries to become a globally diverse event. With additional expanded language support and easier access for traders from various regions, this year’s competition aims to remove geographical barriers.
WSOT 2024 is setting new industry standards with a tiered weighting system, ensuring fair competition that rewards true trading skills over resource advantage. Participants can now join the competition with one main account and up to four UTA subaccounts, maximizing their chances for rewards. Additionally, the introduction of the ROI Reset Card allows traders to reset their negative PnL, offering a fresh start and boosting confidence.
WSOT 2024 introduces the WSOT DEX Wave, a groundbreaking side campaign that introduces Bybit Web3 DEX Pro into the competition.
For the first time, traders can participate in a unique voting competition powered by Bybit’s decentralized platform, where they’ll vote for their favorite projects and participate in the future of Web3.
This industry-first initiative combines trading with community engagement, giving participants access to over 1 million tokens, including GameFi tokens, memecoins, and more.
This new system will offer traders better flexibility over previous competitions, allowing them to choose the platform that best suits their trading style.
Capturing the best of emerging Web3 projects, the inaugural WSOT DEX Wave puts the emphasis back on the community by introducing a voting mechanism.
As traders compete in the DEX Waves competition, they earn points, which they can use to vote for their favorite Web3 projects.
Participants will share a 1 million MNT prize pool by interacting with the projects and taking a chance at a lucky draw. The traders with the highest point scores can enter a daily draw to win a share of a 200,000 MNT prize pool.
The Web3 projects that win the most votes will receive extra support from Bybit, including CEO mentorship, prime listing opportunities and marketing support.
Together, the WSOT community and Bybit are shaping the future of Web3 to bring out the potential of rising stars in Web3 and building the trading infrastructure necessary for the decentralized financial system.
WSOT 2024 isn’t just about competing; it also introduces several prizes and rewards. In addition to the $10 million prize pool, this year’s competition offers a variety of luxury prizes and competitive rewards:
WSOT 2024 marks a new era in trading competitions by introducing fairer game mechanics and offering maximized opportunities for traders across the globe. With a $10 million prize pool, the introduction of DEX Wave offers the best of both worlds—combining the familiarity of centralized trading with the flexibility and control of decentralized finance (DeFi).
This groundbreaking approach nurtures the ecosystem while providing traders the ultimate flexibility to compete on their own terms. WSOT 2024 sets a new benchmark for fairness, inclusivity, and the future of crypto trading competitions.
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