We are excited to announce that the SONIC SVM (SONIC) token will soon be listed on Bybit's Spot trading platform. In celebration of this launch, two exclusive events have been created, offering participants the opportunity to earn from a total prize pool of 5,000,000 SONIC tokens.
This guide provides a clear overview of both events, including key dates, participation steps, and important rules. Whether you are a new or existing user, you can take part in these promotional activities designed to engage the community and reward active traders.
Overview of the Two Sonic Token Splash Events
Two distinct events are being held to mark the listing of SONIC on Bybit. The first event is tailored for new users, while the second is focused on trading activity. Each has its own prize pool and set of requirements.
Event 1: Token Splash for New Users
- Prize Pool: 4,000,000 SONIC
- Event Period: January 3, 2025, 10:00 AM UTC to January 22, 2025, 9:00 AM UTC
Event 2: Trade to Earn Event
- Prize Pool: 1,000,000 SONIC
- Event Period: January 7, 2025, 12:00 PM UTC to January 22, 2025, 9:00 AM UTC
Detailed Participation Guide for Event 1
The first event is designed for new users to get started on the Bybit platform. The goal is to introduce them to the exchange by completing a few simple steps to qualify for a reward.
Steps to Qualify for the New User Reward
To be among the first 13,333 new users to receive 300 SONIC each, follow these steps:
- Create a new Bybit account and complete the required identity verification (KYC) process.
Choose one of the following two options to fulfill the requirement:
- Deposit a minimum of 1,500 SONIC tokens into your Bybit Spot account, or
- Deposit 100 USDT and then execute your first trade, buying or selling at least 100 USDT worth of SONIC.
It is crucial to complete these actions within the official event period to be eligible.
Detailed Participation Guide for Event 2
The second event rewards users for their trading activity. It is open to a wider audience and incentivizes higher trading volumes with a larger share of the prize pool.
How to Earn a Share of the Trading Pool
Participating in the Trade to Earn event is straightforward:
- Ensure you are registered for the event.
- During the event period, trade a minimum of 500 USDT worth of SONIC on the Bybit Spot market.
- Your share of the 1,000,000 SONIC prize pool will be proportional to your total qualifying trading volume compared to all other participants. There is a maximum cap of 20,000 SONIC per user.
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Important Rules and Eligibility Criteria
Understanding the specific rules for each event is essential to ensure your activities qualify for rewards. Below is a breakdown of the key guidelines.
Key Rules for the New User Event (Event 1)
- Registration: You must click the "Register Now" button on the event page to officially enroll.
- Timing: Only deposits and trades completed after registration and within the event period will count.
- Eligible Deposits: Deposits made via P2P Trading, One-Click Buy, and on-chain transfers are valid. Internal transfers from other Bybit accounts or deposits into subaccounts are not eligible.
- Withdrawals: Withdrawing SONIC during the event will not disqualify you from receiving your reward.
Key Rules for the Trade to Earn Event (Event 2)
- Registration: You must click the "Register Now" button to participate.
- Eligible Trades: Only Spot market trades for the SONIC/USDT pair are counted. Both buy and sell orders contribute to your total trading volume.
- Timing: All trades must be executed within the official event dates and times.
- Allowed Methods: Trades made through subaccounts or using trading bots are included. However, trades executed via API are not eligible for this promotion.
Frequently Asked Questions
Who is eligible for the Sonic Token Splash events?
Event 1 is exclusively for new Bybit users who register and complete verification during the promotion period. Event 2 is open to both new and existing users who register for the event and meet the trading volume requirement.
What is the minimum trade amount needed to qualify for Event 2?
You need to trade at least 500 USDT worth of SONIC on the Spot market to qualify for a share of the prize pool. Your final reward amount is based on your proportion of the total trading volume from all eligible participants.
Can I participate if I use a subaccount?
For Event 1, deposits made into subaccounts are not eligible. For Event 2, trades executed through subaccounts do count toward your total trading volume, which is beneficial for users managing multiple portfolios.
When will the SONIC token rewards be distributed?
Rewards for both events are typically distributed within a set number of days after the event concludes. It is recommended to check the official event page on Bybit for the exact distribution timeline and to ensure your account is in good standing.
Are there any geographical restrictions for participation?
Yes, users from certain restricted countries or regions may not be able to participate in these promotions. Always review Bybit's terms of service and the specific event rules to confirm your eligibility based on your location.
How can I stay updated on similar future events?
The best way to stay informed about upcoming token listings and trading events is to regularly check the official announcements and promotions sections on major cryptocurrency exchange platforms. 👉 Get advanced methods for tracking new listings