Bybit, one of the most rapidly expanding cryptocurrency exchanges around the world, is celebrating the listing of seven of the most popular football fan tokens by also offering up rewards. On August 19, 2022, the cryptocurrency exchange, which offers spot, futures, and passive income products, kicked off its new fan token trading tournament. Bybit is now hosting tokens from some of Europe’s most prestigious football clubs, including $PSG, $BAR, $JUV, $ACM, $INTER, and $AFC, as part of one of the biggest fan token listing events ever held. The respective teams are Paris Saint-Germain, Barcelona, Juventus, AC Milan, Inter Milan, Arsenal, and Manchester City.
According to Ben Zhou, co-founder and CEO of Bybit, “Bybit shares the core values of professional sports, including integrity, teamwork, and a drive to be the best. Fan tokens are another addition to a long line of competitive events and sponsorships we have hosted, including our World Series of Trading and ongoing partnership with Oracle Red Bull Racing. We’re always proud to be helping passionate fans connect with their teams and sporting idols.”
A One-Of-A-Kind Trading Experience
Holders of fan tokens are granted access to a variety of digital services and entitlements made available by their preferred football clubs. Those who own tokens have the ability to vote for their favorite teams in polls, earn awards and VIP experiences, gain access to games and tournaments, and win special prizes. To commemorate the introduction of a new trading experience for Bybit consumers, the crypto exchange released fan tokens on August 16. It includes two different promotions, each of which has a prize pool of 100,000 USDT. Users must deposit or sell at least one of these seven fan tokens to participate.
After enrolling on Bybit’s fan token campaign page, users who trade at least 100 USDT-equivalent worth of fan tokens will be eligible to participate in the first promotion, which runs from 10 AM (UTC) on August 19, 2022, to 10 AM (UTC) on September 2, 2022. The second offer, which takes place at the same timeframe as the first, gives users of Bybit’s Spot platform the opportunity to win an equal share of a prize pool worth 100,000 USDT if they collect a net deposit volume of at least 100 USDT over the course of the promotion.
Bybit Aims To Scale With New Offerings
The fan tokens can be used on Socios.com, an app that combines fan influence and incentives into a single platform. They are issued on Chiliz Chain, which also processes transactions in a blockchain ecosystem that is scalable, secure, and segregated from other blockchains. Chiliz Chain is utilized to manage smart-contract-enabled partner voting. Bybit is making it abundantly apparent, with this most recent development, that it intends to give traders access to a variety of new prospects and experiences inside the sector.
On its new platform, Bybit Launchpad 2.0, Bybit recently began selling DEFY, which is both the native network token and the utility token of DEFY. DEFY is a mobile blockchain game that enables players to win NFT tokens through gameplay. The game DEFY blends code-breaking with real-world exploring and augmented reality (AR) adventures. This game immerses players in a Metaverse that connects the virtual and real worlds. Bybit will be the host for DEFY’s inaugural exchange offering. This service was made available on the revamped Bybit Launchpad 2.0, a platform for new blockchain solutions. The complete listing of positions took place on August 15.
