Singapore-based derivatives exchange Bybit has released details of a bonus reward program in Tether’s U.S. dollar-pegged stablecoin, USDT. 

Bybit Tether Giveaway Seeks to Attract Traders

Cryptocurrency derivatives exchange Bybit has announced a series of Tether giveaways to users of the platform. Up to 1,000 USDT can be claimed by active users whose trading volume and net deposits of USDT exceed a certain threshold.

Announcing the airdrop campaign, Bybit CEO Ben Zhou said:

“The launch of USDT perpetual contracts on Bybit is a cause for celebration, and this airdrop will incentivize traders to hold the most liquid and trusted stablecoin on the market. Small traders, as well as bigger players, will be rewarded according to their activity, giving all Bybit users an incentive to get involved.”

Account Balances and Trading Activity Define User Rewards 

Bybit users whose wallet balance is equal to or exceeds 0.5 BTC at 10 am (UTC) on Apr. 13 will receive up to 50 USDT in bonuses. Users with wallet balances of at least 50 USDT by Apr. 16 will receive up to 60 USDT in coupons.

Active traders stand to benefit the most, receiving up to 1,000 USDT depending on trading volume and net USDT deposits. Early birds who pre-register from today to the Apr. 12 can earn an additional 20% during the airdrop campaign.

During the USDT airdrop, users will also have the opportunity to become a Bybit MVF (Most Valuable Feedbacker) by trading USDT perpetual contracts and providing feedback on their experience. Valuable feedback will be rewarded with an additional 500 USDT.

Zhou recently pointed to the growth of retail level crypto users to support a bullish outlook for crypto despite recent market turbulence. 

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