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Home » Revamp of mETH Incentive Initiative: Engage in Bybit Web3 Staking, Reap 7% APY, and Earn Twice the Miner’s Fee Subsidy
Cryptocurrency

Revamp of mETH Incentive Initiative: Engage in Bybit Web3 Staking, Reap 7% APY, and Earn Twice the Miner’s Fee Subsidy

By adminJan. 8, 2024No Comments4 Mins Read
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Revamp of mETH Incentive Initiative: Engage in Bybit Web3 Staking, Reap 7% APY, and Earn Twice the Miner's Fee Subsidy
Revamp of mETH Incentive Initiative: Engage in Bybit Web3 Staking, Reap 7% APY, and Earn Twice the Miner's Fee Subsidy
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Bybit Exchange announced that its new IDO project, Moon App (APP), has officially launched! The total allocation for Bybit IDO is approximately 4.47 million tokens. This article provides detailed information about the IDO.

(Table of Contents:
Participation Method
Highlights of the Event
Terms and Conditions
This article is a sponsored article provided by Bybit and does not represent the viewpoint of the platform or provide investment advice, purchase, or sale recommendations. Please see the end of the article for the disclaimer.)

Bybit Exchange celebrates the debut of the Mantle ETH liquidity staking protocol on Bybit Web3 Staking, offering up to 7% annual yield. Participants in the Web3 Staking event have a chance to share a prize pool of 5,000 USDT and unlock a 2x miner fee subsidy.

Event Period: December 28, 2023, 10:00 (UTC) – January 18, 2024, 10:00 (UTC)

Step 1: Register or log in to your Bybit account and create a Bybit Wallet if you haven’t done so already.
Step 2: Click the “Sign Up Now” button on the event page to complete the registration and become eligible for the event.
【
Sign Up Now
】
Step 3: Go to the Bybit Web3 Staking page.
Step 4: Stake your assets in the mETH fund pool during the event period.

For a detailed guide on how to participate in staking, please refer to the step-by-step guide on Bybit Web3 Staking.

Event 1: Participate in staking and unlock a 2x miner fee subsidy
Requirements:
During the event period, stake more than 0.2 ETH in the mETH fund pool.
Event Reward: The first 1,000 eligible users will receive a 2x miner fee subsidy on a first-come, first-served basis.
【
Stake Now
】

Event 2: Users with the highest staked amount can share an additional 5,000 USDT
Requirements:
1) During the event period, stake more than 0.5 ETH in the mETH fund pool for at least 14 days.
2) Rank in the top 5 of staked amounts in the Bybit Web3 mETH fund pool. Ranking will be based on the user’s staked amount and the number of valid staking days.
Event Reward: The top 5 users in staked amount will each receive 1,000 USDT.
【
Stake Now
】

Risk Warning:
Please note that the price of digital assets, including stablecoins, may experience real-time fluctuations. Price fluctuations may result in significant changes in the value of staked assets, which can lead to substantial profits or losses. Please exercise caution when participating in such transactions and consider your own risk tolerance.

– Participants must click the “Sign Up Now” button on the event page to complete the registration and become eligible for the event.
– Only newly staked amounts in the Bybit Web3 mETH fund pool after December 28, 2023, 10:00 (UTC) will count towards the event staking requirements.
– Each participant can only participate in Event 1 once, and the eligibility for Event 1 will be based on the time of successfully completing the first staking.
– In Event 2, participants ranking in the top 5 of staked amounts must have a staked value that meets or exceeds the corresponding reward amount to be eligible for the additional reward.
– The participation requirements for the above events are independent of each other. Participants can choose to participate in one or more events to earn corresponding rewards.
– Event rewards will be airdropped to the winning users’ Bybit Wallet within 10 days after the event ends.
– All participating users must strictly comply with Bybit’s Terms of Service. Bybit reserves the right to cancel the participation eligibility of users who profit from malicious behavior, including opening multiple accounts to gain additional experience funds, or engaging in other illegal, fraudulent, or harmful activities.
– Bybit reserves the right to cancel or modify the event rules without prior notice.

__
Sponsored Content Disclaimer: The content of this article is a sponsored promotional article provided by the contributor. The contributor has no relationship with the platform, and the article does not represent the viewpoint of the platform. The article does not intend to provide any investment, asset advice, or legal opinions and should not be viewed as an offer to purchase, sell, or hold assets. Any services, plans, or tools mentioned in the sponsored content are for reference only, and the final actual content or rules will be subject to the announcement or explanation by the contributor. The platform is not responsible for any potential risks or losses. Readers are reminded to conduct their own careful verification before making any decisions or taking any actions.

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