KEY TAKEAWAYS
- Bybit will list the MOVE token on its Spot trading platform, with trading starting on December 9, 2024.
- A special event with a 3,500,000 MOVE token prize pool will accompany the listing, offering rewards to both new and existing users.
- MOVE is the native token of the Movement Network, a Move-EVM Layer 2 solution for Ethereum, enhancing its trading volume and accessibility.
Bybit has announced the upcoming listing of the MOVE token on its Spot trading platform. The listing will follow a specific timeline, with MOVE deposits opening on December 6, 2024, at 10 AM UTC. The token will be available for trading starting December 9, 2024, at 12 PM UTC, and withdrawals will be enabled from December 10, 2024, at 10 AM UTC. All transactions will be conducted via the Ethereum network.
In conjunction with the listing, Bybit is hosting a special event featuring a total prize pool of 3,500,000 MOVE tokens. The event is designed to engage both new and existing users, offering various opportunities to earn MOVE tokens.
Special Event Details and Participation
The event is divided into two main perks. The first perk, titled ‘New User Exclusive,’ allows new users to earn from a 2,500,000 MOVE prize pool. This segment of the event runs from December 6, 2024, at 10 AM UTC to December 20, 2024, at 8:59 AM UTC. To participate, new users must register for the event, complete Identity Verification Level 1, and either deposit a minimum of 400 MOVE or deposit 100 USDT and trade 100 USDT worth of MOVE. The first 10,000 new users to fulfill these requirements will each receive 250 MOVE tokens.
The second perk, ‘Trade to Earn,’ is open to all users and offers a 1,000,000 MOVE prize pool. This portion of the event begins on December 9, 2024, at 12 PM UTC and concludes on December 20, 2024, at 8:59 AM UTC. Participants must trade at least 500 USDT worth of MOVE on the Spot market to earn a share of the prize pool, with rewards capped at 2,000 MOVE per user.
About MOVE and Event Conditions
MOVE is the native token of the Movement Network, which is described as the first Move-EVM Layer 2 solution for Ethereum, aiming to provide a fast and secure user experience. The token’s listing on Bybit is expected to enhance its accessibility and trading volume.
Bybit has outlined several terms and conditions for the event. Participants must register to be eligible for rewards, and institutional users and market makers are excluded. Only deposits and trades made during the event period will count towards the reward calculation. Additionally, users must complete Identity Verification Level 1, and deposits made through subaccounts will not be considered.
For more details on the MOVE token listing and the associated event, visit the official announcement here.
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