Giveaway: $200,000 in VEGA Tokens, Prize Pool for Bybit Votes

Vega Protocol
Vega Protocol
Published in
6 min readOct 3, 2023

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Chance to earn from a $200K VEGA prize pool and get VEGA listed on Bybit. #FreeTheMarkets

TL;DR

  • Vega was selected to participate in Bybit’s upcoming ByVote, where Bybit users can vote for their favourite projects to be listed on Bybit! Here is the affiliate Vega link you will need
  • TO TAKE PART CLICK HERE🔥🔥🔥
  • If the VEGA token listing on Bybit is successful, a generous prize pool of $200,000 in VEGA Tokens will be shared among participants

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Vega is thrilled to share that it has been selected to participate in Bybit’s upcoming listing vote in association with the ByVote program!

For the latest updates, follow Vega on Twitter and join us on Discord!

What is the ByVote Program?

The ByVote Program is a community voting program where Bybit users vote for which project’s token gets listed for spot trading next. Successful projects usually provide rewards.

During the voting period (full timeline detailed below), registered Bybit users allocate their voting vouchers toward their preferred project. At the end of voting, the project with the highest number of votes will be listed in Bybit’s “Innovation Zone” under Spot Trading.

More info here.

What is the Prize Pool?

In total, $200K in VEGA tokens! Here is the reward breakdown:

  • All Bybit Users Campaign: $100K worth of VEGA tokens have been committed to the prize pool, which will be distributed by Bybit to the participants if Vega wins the vote.
  • New Bybit Users Campaign: $80K worth of VEGA tokens, will be awarded to the first 800 people who create new Bybit accounts and vote for Vega, so $100 in VEGA each.
  • 10K Votes Campaign: $20K worth of VEGA tokens, for the first 20 people who cast 10,000 votes to Vega will earn $1,000 in VEGA each.

Rewards will only be distributed in the event that Vega is listed on Bybit. Upon the successful listing of VEGA on Bybit, the distribution of rewards will take place within a period of one month.

ByVote Timeline

VOTE FOR VEGA AND YOU WILL BE ELIGIBLE TO RECEIVE A REWARD IF VEGA GETS LISTED ON BYBIT!

For more prizes make sure you create a Bybit account using the VEGA affiliate link, if you don’t already have an account. If you already have an account then vote for VEGA with all 10k votes.

If you are already a KYC’d Bybit user, skip to Step 3. Follow the steps and instructions👇

Step 1: Registering on Bybit

When: Now

  • Click on this link to visit the Bybit website using the Vega affiliate link
  • Enter your email address or phone number to register and create a secure password
  • Verify your email or phone number by entering the code sent to you

Step 2: Identity Verification (KYC)

When: Now

To ensure your vote counts, you must complete the first stage of Know Your Customer (KYC) verification with Bybit. The steps are outlined clearly on Bybit’s help page.

Step 3: Deposit on Bybit

When: Now (deposit must be made within 7 days of registration)

You do not need to send tokens anywhere to vote. The voting process will be conducted using the instructions provided below.

  • Once logged in to your account, go to the “Deposit” section on the top right-hand corner
  • Choose the currency you wish to use for topping up your balance. For voting purposes, you must select one of the following currencies: USDT, USDC, BUSD, CUSD, USDD, or DAI
  • Confirm the deposit details
  • Click on “deposit” and copy the provided deposit wallet address
  • Send the desired amount of funds to the deposit wallet address you copied (minimum $100 worth)
  • Funds must remain deposited for a minimum of 7 days to qualify for eligibility

Step 4: Voting with ByVotes

Snapshot Date: 23:59:59 UTC, Oct 11th

Voting Opens: 3:00:00 UTC, Oct 12th

Voting Closes: 3:00:00 UTC, Oct 13th

There is no need to lock your assets to vote. Your assets will remain in your custody throughout the voting process. The voting process is straightforward:

  • On October 11th at 23:59:59 UTC, a snapshot will be taken of your Spot, Earn, Funding, and Derivatives accounts balances on Bybit to determine the number of votes you have. To be eligible to vote, your assets must be in your account before this time. Please note that topping up your balance to obtain additional votes will not be possible once the voting begins. Only the assets in your account three hours prior to the start of the vote will be counted.
  • The number of votes you possess will be proportional to the assets held in your Bybit account.
  • The voting period on Bybit will begin at 3:00 AM UTC on October 12th and will last for 24 hours.
  • Once voting begins, visit the ByVotes site and vote for VEGA. Note that a maximum of 10,000 votes ($10,000) can be allocated to Vega.

*Add the voting date to your calendar to make sure you don’t forget to vote for VEGA — CLICK HERE*

Step 5: Complete the forms

In order to prove your eligibility for the New Bybit Users Campaign and 10K Votes Campaign please fill out the following:

New Bybit Users Campaign: Complete this form

10K Votes Campaign: Complete this form

Detailed event rules

All Bybit Users Campaign

  • If VEGA is listed, those who voted will share a prize pool of $100K in VEGA that will be distributed directly by Bybit

New Bybit Users Campaign

In the event that VEGA is listed, this giveaway will reward $100 in VEGA to the first 800 new users who meet ALL of these conditions:

  • Signed up to Bybit using the Vega affiliate link
  • Completed Identity Verification Level 1
  • Made a deposit of at least $100 by 23:59:59 UTC, Oct 11th when account snapshots are taken
  • Allocated at least 100 votes to Vega
  • Submitted the form with all the necessary details to prove eligibility

10K Votes Campaign

In the event that VEGA is listed, this giveaway will reward $1,000 to the first 20 users who offer Vega 10,000 votes. In order to be eligible you must meet ALL of these conditions:

  • Gave VEGA 10,000 votes
  • Submitted the form with all of the necessary details to prove eligibility

Bybit exclusive rewards: There is also a special giveaway that can be accessed HERE!

Reward Distribution

After the successful listing of VEGA on Bybit, the distribution of all rewards will be carried out within one month among the participants who successfully fulfil the giveaway requirements.

By participating in these campaigns, every user has an opportunity to not only support Vega Protocol but also to win rewards in VEGA. For more information or any queries, please reach out to us through Twitter or Discord.

Disclaimer

Participation in this program is only available to individuals who do not reside in locations that make them ineligible to participate and/or to receive prizes, including: The USA, Central African Republic, Cuba, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen, and Russian occupied regions of Ukraine (including Crimea, and parts of Donetsk and Luhansk).

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About Vega Protocol

Vega is Web3’s native derivatives layer. The community is creating the building blocks for a new financial system. One that puts control of the markets, the products, and the fees in the community’s hands. Vega is a decentralised network that supports the creation of derivatives markets for a variety of crypto assets. #FreeTheMarkets

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Vega is a capital-efficient, decentralized derivatives trading protocol that bridges traditional finance and DeFi.