New Listing: SCA/USDT — Grab a Share of the 833,333 SCA and 80,000 USDT Prize Pool!

Bybit is excited to announce the listing of Scallop (SCA) on our Spot trading platform!

Listing Timeline

• SCA Deposits: Opens on Mar 7, 2024, 10AM UTC
• SCA Listing: Mar 8, 2024, 10AM UTC
• SCA Withdrawals: Opens on Mar 9, 2024, 10AM UTC

Deposits and withdrawals will be available via the Sui network.

SCA will be available for trades via Spot Grid Bot when it's listed.

Event 1: Token Splash/Deposit to Earn From a 300,000 SCA Prize Pool

📆 Event Period: Mar 7, 2024, 10AM UTC – Mar 22, 2024, 9AM UTC

Before getting started, click the Register Now button below to register for the event and be eligible for rewards.

• New User Exclusive: 160,000 SCA Up for Grabs

During this period, simply:

1. Sign up on Bybit and complete Identity Verification.
2. Accumulated a deposit volume of at least $100 worth of SCA; OR deposit 100 USDT and buy any amount of SCA via your first trade using your Bybit account.

The first 4,000 new users to complete both steps will each receive 40 SCA.

• Existing User Rewards: 140,000 SCA up for Grabs

Already a Bybit user before Mar 7, 2024, 10AM? Don't worry, you still have the chance to earn 20 SCA.

All you need to do is: Accumulate a deposit volume of at least $100 worth of SCA during the event period; OR deposit 200 USDT and buy at least 200 USDT worth of SCA using your Bybit account.

Rewards will be distributed on a first-come, first-served basis to the first 7,000 existing users.

Event 2: Trade to Earn Your Share From an 80,000 USDT Prize Pool

📆 Event Period: Mar 8, 2024, 10AM UTC – Mar 22, 2024, 11:59PM UTC

During this period, simply trade at least 200 USDT worth of SCA on Spot to share an 80,000 USDT prize pool. The more you trade, the larger your share of the prize pool.

Rewards will be capped at 1,000 USDT per user.

Event 3: Stake to Earn Up to 999% APY With Flexible Savings (300,000 SCA Prize Pool)

To celebrate, we've prepared a Bybit Savings event with a total prize pool of 300,000 SCA just for you.

📆 Event Period: Mar 8, 2024, 10AM UTC – Mar 18, 2024, 11:59PM UTC

Here's how it works:

Day 1: Stake 200 to 1,000 SCA with Flexible Savings.

Day 2: Start earning interest!

Day 3: The yield earned from the previous day will be automatically deposited to your Funding Account — and will continue to be deposited daily until the last day of the event, as long as your tokens are still staked.

Event 4: Lucky Draw — Stand to Win From a 233,333 SCA Prize Pool

📆 Event Period: Mar 7, 2024, 10AM UTC – Mar 22, 2024, 11:59PM UTC

Participate in the luck draw and grab a share of the 233,333 SCA prize pool.

About Scallop (SCA)

Scallop is the next-generation peer-to-peer Money Market for the Sui ecosystem and the first DeFi protocol to receive an official grant from the Sui Foundation. SCA is the native multi-utility token of Scallop, and will be used as the medium of exchange on Scallop, facilitating secure and decentralized transactions between participants.

• Asset Name: Scallop
• Ticker: SCA

Learn more about Scallop here: Website | Whitepaper | X (formerly Twitter) | Telegram

Thinking of upsizing your bag? Here's how you can top up your USDT balance:

1. Buy USDT on One-Click Buy
2. Make a Fiat Deposit
3. Purchase USDT through P2P
4. Deposit USDT directly into your wallet

Risk Warning: Cryptocurrency trading involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. Bybit does not accept any liability or responsibility for any losses resulting from trading on our platform.

Terms and Conditions:

Event 1

• Users must click the Register Now button to participate in the event and be eligible for rewards.
• Users must complete Identity Verification Lv. 1 before the event ends to participate in the event.
• Institutional users and Market Makers are not eligible for this event.
• Only deposits and Spot trades made within the event period will be considered in the reward calculation. Limit or Conditional Orders that are placed but not triggered during the event period will not be counted.
• Users will still be eligible for the event even if they withdraw SCA during the event.
• Deposits made using a Subaccount will not be counted toward this event.
• Deposits made via P2P Trading, One-Click Buy and on-chain transfers will be counted toward this event.
• Rewards will be credited to eligible users' Funding Account, Spot Account, or Unified Trading Account within seven (7) days after the event ends.

Event 2

• Institutional users and Market Makers are not eligible for this event.
• Only Spot trades of SCA will be counted as eligible trading volume for this event. The accumulated trading volume is the total amount of SCA you buy and sell on Spot within the event period.
• Only trades made within the event period will be considered in the reward calculation. Limit or Conditional Orders that are placed but not triggered during the event period will not be counted.
• Trades made using a Subaccount or Trading Bots will be counted toward this event.
• Users must complete Identity Verification Lv. 1 before the event ends to participate in the event.
• Rewards will be credited to eligible users' Funding Account, Spot Account, or Unified Trading Account within seven (7) days after the event ends.

Event 3

• Users must complete Identity Verification Lv. 1 to participate in Bybit Savings. Business Identity Verification is not accepted.
• Daily yield is calculated as the number of tokens staked * (APR for the staked token / 365).
• Users can unstake their assets at any time and their staked assets will be auto-credited to their Funding Account immediately. Please note that no yield will be calculated on the day of withdrawal.
• Bybit Savings does not support Subaccounts.

General

• Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.
• Bybit reserves the right to modify the terms of this event without notifying users in advance.
• Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our Customer Support.