- Bybit launches ZAP IDO, focusing on equitable token distribution via its Web3 platform.
- WSOT 2024 integrates decentralized exchange (DEX) features for the first time.
- ZAP aims to democratize early-stage crypto investing with social and gamified mechanics.
Bybit has revealed an upcoming IDO for ZAP, a community-driven platform designed to make token launches more accessible and equitable.
. By leveraging on-chain data and gamified features, ZAP seeks to democratize early-stage crypto investing, creating a merit-based system that rewards genuine participation.
Bybit Launches ZAP IDO and Advances Web3 Integration in WSOT 2024
In parallel, Bybit is integrating Web3 features into its 2024 World Series of Trading (WSOT), allowing both DEX and centralized exchange traders to participate. The event includes a 10 million USDT prize pool, highlighting Bybit’s commitment to fostering a more connected and inclusive crypto ecosystem. Bybit’s inclusion of over 1 million DeFi tokens in the competition further underscores its push toward decentralization.
The ZAP IDO will begin on October 2, 2024, with 3.5 million ZAP tokens available on the Base chain. Bybit’s Web3 platform is designed to support a decentralized and community-driven ecosystem, allowing participants to engage more effectively in the token distribution process. To participate, users must have a Bybit Cloud Wallet, and the platform aims to foster long-term community engagement.
Simultaneously, Bybit is bringing a decentralized trading experience to its World Series of Trading (WSOT) 2024 by introducing DEX features for the first time. This integration is set to revolutionize the trading competition, allowing Web3-native traders to compete alongside centralized exchange users. With a prize pool of up to 10 million USDT, the competition also offers global experiences and luxury rewards.
Bybit’s focus on integrating decentralized exchange mechanisms reflects its commitment to expanding the possibilities within the crypto ecosystem. Participants in WSOT 2024 will have access to over 1 million DeFi tokens, enhancing the diversity of assets available to traders. This push into the decentralized space comes as part of Bybit’s broader effort to support innovation and growth in the Web3 ecosystem.
Bybit’s ZAP IDO and its integration of Web3 into WSOT 2024 signal the exchange’s commitment to fostering a more inclusive and decentralized crypto ecosystem. Both initiatives underscore Bybit’s focus on democratizing access and supporting innovation within the crypto community.
“WSOT 2024 opens the door to a broader experience of the crypto world.” — Ben Zhou, CEO of Bybit.
