Update:
Thank you to all ApeXers who participated in this event! Rewards have been distributed to eligible reward recipients from Bybit under this event, please check your Bybit Wallet (Web3).
The season for gifts and surprises is approaching — and at ApeX Pro, you'll find an incoming 50,000,000 $BANA in airdrop rewards headed straight for you to kickstart the festivities!
ICYMI, Bybit and ApeX recently announced their integration, allowing Bybit users to get access to decentralized and secure derivatives trades on a decentralized exchange (DEX). Bybit's 10-million strong user base can get access to Web3 products like ApeX Pro without having to leave the robust and dynamic Bybit ecosystem — reducing the learning curve for DEX trading and seamlessly onboarding traders from a centralized to a decentralized environment.
How Can I Receive $BANA?
From Dec. 8, 2022, 10AM UTC to Dec. 24, 2022, 11:59PM UTC, users who have a Bybit account only need to:
Make sure they have a Bybit account
Create a Bybit Wallet (Web3) via "Connect Your Wallet" on the Bybit-integrated ApeX Pro page
Check to ensure that the wallet is successfully connected
Deposit funds of any amount on ApeX Pro via the Bybit Spot account or Bybit Wallet
Users who have completed all the four steps above are eligible to be in the running for a cut of the mega $BANA prize pool!
At the end of the event, 10,000 eligible participants will be randomly selected to receive a grand total of 5,000 $BANA each. Reward recipients will be announced and the corresponding rewards distributed within 10 working days of the event's end date.
What is $BANA & What Can I Do With It?
$BANA is ApeX Pro's native reward token, distributed exclusively via ApeX Pro's year-long Trade-to-Earn event. Traders accumulate their USDC perpetual contract trades every week and receive $BANA tokens for the trades they made during that week. Now with this limited-time airdrop, ApeX Pro is giving users a chance to earn $BANA outside of the Trade-to-Earn event for the very first time.
Make your $BANA work for you in two ways.
Hold $BANA & Redeem $APEX: At the end of the Trade-to-Earn campaign (end 2023), $BANA holders can convert their $BANA to ApeX Pro's native governance token $APEX pro-rata. The redemption rate is not fixed; as Trade-to-Earn progresses, the amount of $APEX that users can redeem with the same amount of $BANA will increase. $APEX can also be traded on Bybit and Uniswap.
Join Trade-to-Earn: Users can join Trade-to-Earn (via the Bybit Trade-to-Earn integration or directly on ApeX Pro with a new account) and accumulate trading volume for even more $BANA! Users can also exchange their earned $BANA from Trade-to-Earn for $APEX. Additionally, Trade-to-Earn participants can either swap $BANA for USDC or add liquidity to the $BANA-USDC Pool to earn LP Tokens, that will help them multiply their $BANA holdings.
For more information, check out the detailed Trade-to-Earn explainer here.
Terms & Conditions:
Users will need to be registered on Bybit, connect their Bybit Wallet (Web3) to ApeX Pro on Bybit and make a deposit (no minimum) to ApeX Pro on Bybit to enter a pool of qualified participants where a final 10,000 participants will be selected to receive rewards.
If you participate in Trade-to-Earn via your Bybit account (https://www.bybit.com/apex/dashboard/t2e), you will receive your T2E rewards in your Bybit Web3 wallet.
Rewards to eligible reward participants will be distributed within 10 working days of the event's end date to their Bybit Wallet (Web3).
ApeX Pro reserves the right to disqualify and ban any user if they engage in any inappropriate, fraudulent, or abusive activities (such as wash trading, volume faking, participating by using multiple accounts, market manipulation, etc.) during the event period.