Tuesday, February 18, 2025

Bybit Announces Listing of PENGU Token with Exciting Prize Pools

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KEY TAKEAWAYS

  • Bybit is listing the PENGU token on its Spot trading platform, with trading starting on December 17, 2024.
  • PENGU is linked to Pudgy Penguins, a notable community in the crypto space, and will be traded on the Solana network.
  • Bybit offers promotional events with a total of 110,000,000 PENGU tokens for new and existing users, running from December 17, 2024, to January 2, 2025.
  • Participants must complete Identity Verification Level 1 and adhere to event terms to qualify for rewards.

Bybit has announced the listing of the PENGU token on its Spot trading platform. The listing will follow a specific timeline, with deposits opening on December 17, 2024, at 8 AM UTC, and the token becoming available for trading at 2 PM UTC the same day. Withdrawals will be enabled starting December 18, 2024, at 10 AM UTC. All transactions will be conducted via the Solana network.

PENGU will also be available for trades through Spot Grid Bots once listed. The token is associated with Pudgy Penguins, a well-known community in the cryptocurrency space.

Incentives for New and Existing Users

Bybit is offering a total of 110,000,000 PENGU tokens as part of its promotional events. New users can participate in a deposit event to earn from a 60,000,000 PENGU prize pool. This event runs from December 17, 2024, at 10 AM UTC to January 2, 2025, at 8:59 AM UTC. To qualify, users must sign up on Bybit, complete Identity Verification Level 1, and either deposit at least 10,000 PENGU or deposit 100 USDT and trade 100 USDT worth of PENGU. The first 6,000 new users to meet these criteria will receive 10,000 PENGU each.

Existing users can participate in a trading event to earn from a 50,000,000 PENGU prize pool. This event also runs from December 17, 2024, at 2 PM UTC to January 2, 2025, at 8:59 AM UTC. Users must trade at least 500 USDT worth of PENGU on Spot to earn a share of the prize pool, with rewards capped at 100,000 PENGU per user.

Terms and Conditions

Participants must register for the events to be eligible for rewards, and complete Identity Verification Level 1 before the event ends. Institutional users and Market Makers are not eligible. Only deposits and trades made within the event period will count towards the reward calculation. Rewards will be credited within seven days after the event concludes. Bybit reserves the right to disqualify participants engaging in dishonest activities and to modify the event terms without prior notice.

For more details, visit the official announcement here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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