FINANCE

World’s Largest Crypto Trading Competition Breaks Records

<h4>World’s Largest Crypto Trading Competition Breaks Records<&sol;h4>&NewLine;<p>OpenLife Nigeria reports that the World Series Of Trading&comma; WSOT&comma; world’s largest crypto trading competition&comma; ended on a high note on July 17 with traders divvying up a record-breaking &dollar;8 million prize pool&period;<&sol;p>&NewLine;<p>After 20 days of intense competition&comma; the best traders stacked up profits of over 10&comma;000&percnt; despite tough market conditions&period;<&sol;p>&NewLine;<p>Nearly 70&comma;000 traders entered this year’s competition&comma; keen to showcase their skills at what has become the crypto trading equivalent of the World Cup&period;<&sol;p>&NewLine;<p>There was double the number of entrants compared to 2021’s event&comma; unlocking a prize pool that was 100&percnt; larger than last year&period;<&sol;p>&NewLine;<p>The prize pool was divided into three separate categories&period; The Squad Race offered &dollar;6 million&comma; with the Solo Race&comma; and Speed Zone Loot events offering &dollar;1 million each&period; On top of this&comma; Bybit gave away over 1&comma;000 bonus NFT prizes&comma; which included valuable CloneX and Mutant Ape Yacht Club NFTs&period;<&sol;p>&NewLine;<p>The enthralling contest has once again captivated the crypto community&comma; demonstrating the resilience of emerging digital markets in times of uncertainty&period;<&sol;p>&NewLine;<p>Traders from over 1&comma;000 squads covering 182 regions battled it out&comma; with Korean titans Maeuknam&lowbar;Team making up the largest team with 3&comma;241 members&comma; followed by Sniper Squad&comma; and Streamer&lowbar;Satto with 2&comma;565 and 2&comma;232 members respectively&period;<&sol;p>&NewLine;<p>It takes creativity and bravery to win a trading competition&comma; which is why Bybit continued its partnership with UNICEF with another donation of &dollar;400&comma;000 in BTC&period; Bybit is proud to support UNICEF and its work to provide equal access to education and empower girls’ education in East Asia and the Pacific&period;<&sol;p>&NewLine;<p>Additionally&comma; the contribution will enhance&comma; scale up&comma; and implement a STEAM &lpar;Science&comma; Technology&comma; Engineering&comma; Arts and Mathematics&rpar; education pilot program focused on girls in a remote mountainous province in Vietnam&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This year I’ve been bowled over by the success of the WSOT&comma; both in terms of the number of people&comma; and the community spirit of the event&comma;” said Ben Zhou&comma; co-founder and CEO of Bybit&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This competition demonstrated the unwavering faith of crypto enthusiasts all over the world&semi; it’s a beacon of hope in the bear market&period;”<&sol;p>&NewLine;<p>The competition phase of WSOT 2022 has concluded&comma; and will be followed by the WSOT Afterparty&colon;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Source&colon; AMA<&sol;p>&NewLine;

Openlife Reporter

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