Please refer to the following for some of the frequently asked questions on our World Series of Trading (WSOT) 2021 Battle for the City competition to be held between 1000 UTC on the 18th of August 2021 to 1000 UTC on the 17th of September 2021. If you require further clarification on the rules, please do not hesitate to contact our customer support via our live chat function.
Registration Related Inquiry
Q: How do traders participate in the BTC & ETH Troop Throwdown?
A: During the registration period, traders need to ensure that they have sufficient equity (Derivatives account balance) is ≥ 0.03 BTC or 0.45 ETH at the time of registration.
Method 1: Visit our event page. Scroll down to the division tab and select the preferred favorite troop by clicking the “Join Troop” button. On the troop details page, click the “Confirm Now” button. Traders have now successfully joined the BTC & ETH Troop Throwdown.
Method 2: Obtain and click on a WSOT invite link given by another trader who has already successfully registered for the competition. Proceed to select and join the preferred troop.
Q: What contracts are counted for the BTC & ETH Troop Throwdown?
A: The Troop Throwdown uses BTC and ETH Inverse Contracts (includes Inverse Futures and Inverse Perpetuals).
Q: How do traders participate in the Solo Showdown?
A: Users are eligible to participate in the Solo Showdown if their net equity (Derivatives account balance) is ≥ 300 USDT | 80 EOS | 500 XRP at the time of registration.
Method 1: Visit our event page. Select the "03 Solo Showdown Individual tab" and click the "Join Now" button. Traders have now successfully joined the Solo Showdown.
Q: What contracts are counted for the Solo Showdown?
A: The Solo Showdown uses USDT｜EOS｜XRP Perpetual Contracts (includes USDT Perpetual, EOS Inverse Perpetual, XRP Inverse Perpetual).
Q: How can I know if I am registered successfully?
A: After performing a successful registration, traders will be able to see the Registration Status (registered or not registered) inside competition page WSOT main page.
Q: Can traders participate in both the BTC & ETH Troop Throwdown and Solo Showdown?
A: Yes it is possible, as long as traders fulfill the respective entry equity requirements and also successfully clicked and registered for the respective competitions.
Q: After successfully registering for the BTC & ETH Troop Throwdown, are traders automatically registered for the Solo Showdown?
A: No, traders have to individually register for each competition in order to confirm their participation in both competitions.
Q: How to be a Troop leader
A: You can click on “Register as Troop Leader” from WSOT event page, to create your own Troop. The approval will be done within one (1) working day.
If your form contains any sensitive words (profanities, sexual references, racist comments, other abusive languages), your application will need to be adjusted and re-submitted for approval.
Please also take note that, when creating a troop name, only special characters such as spaces, ‘/’, ‘%’, ‘.’ are supported, all other special characters will not be supported.
Q: Are traders allowed to change their troop after joining?
A: No, traders are not allowed. Traders are only allowed to join one troop during the competition. Once you have successfully clicked and joined a particular troop, no requests to change troop will be allowed. Only if the system prompts to change troop due to insufficient troop participants (less than 10 participants in the troop) you can join a different troop. The system prompt will appear 24 hours before the start of WSOT.
Q: Can traders still take part in the BTC & ETH Troop Throwdown even if their troop has fewer than 10 participants?
A: Yes, traders are still able to participate in the Troop Throwdown. However, if your troop has fewer than 10 troop members - 24 hours before the competition commences (27th August 10 AM UTC), your troop will be disbanded and traders will receive an email notification to select another troop.
For participants who do not select a new Troop before registration closes, the system will automatically assign these members randomly to Troops with fewer members 10 minutes before the competition begins
Q: Why I cannot successfully join a troop?
A: Please ensure that your equity is not less than 0.03 BTC or 0.45 ETH. Do take note that any deposit, withdrawal, miner’s fee, asset exchange, transaction fee, trading P&L from transactions may affect your equity.
Bonus and Trading Fees Related Inquiry
Q: What are the benefits of registering early?
A: Traders can refer to the following for the benefits of registering early for WSOT:
|Early Bird Bonus||Trading Fee Discount|
|Early Bird Registration
18 Aug 10:00 UTC to 20 Aug 09:59 UTC
|Main Registration Phase
20 Aug 10:00 UTC to 28 Aug 09:59 UTC
|Late Registration Phase
28 Aug 10:00 UTC to 4 Sept 09:59 UTC
Kindly refer to WSOT event page for the Terms and Conditions.
Q: How to receive the Early Bird Bonus？
A: Traders need to successfully register either for Troop Throwdown or Solo Showdown within 18 Aug 1000 UTC to 20 Aug 1000 UTC to be eligible for the Early Bird Bonus.
Q: What comprises the $70 Early Bird Bonus and when will it be credited?
A: Traders who successfully registered within the first 48 hours, will receive a maximum of $70 BTC bonus. The $20 BTC bonus, will be issued before the competition begins on 28 August 2021. While the remaining $50 BTC bonus will be distributed before 01 October 2021, only if during the competition traders exceed > 30,000 USD in trading volume.
Note: Bonuses cannot be withdrawn. Bonuses will be forfeited upon any asset withdrawal. For more information, please refer to the
Q: How can I enjoy 10%, 15%, or 20% trading fee discounts respectively?
A: For invitees:
Successfully registers = 10% trading fee discount
Successfully invite 1 individual = 10% trading fee discount
Successfully invite 3 individuals = 15% trading fee discount
Successfully invite 5 individuals = 20% trading fee discount
Q: Is the 20% off trading fees and commission available for participants who join Troop Throwdown or Solo showdown?
A: Yes, it is available to participants who participate in either of the competion.
Kindly refer to WSOT event page for the Terms and Conditions.
Please be aware that the trading fee discount is not applicable to Spot Trading.
Q: Trader A registered on Aug 29 2021, why there is no trading fee discount?
A: Traders who registered during the late registration period 28 Aug 1000 UTC to 04 Sept 1000 UTC are not eligible for the fee discount.
Q: Trader A invited Trader B to the WSOT and the latter enjoys a 10% fee discount, does this apply to all coin types during the competition?
A: Yes the fee discounts are applicable to all Derivatives trading pairs available on the Bybit trading platform (all Bybit Futures and Perpetual Contracts) and will only be available for the duration of the event.
Please note that the fee discount does not apply to Spot Trading.
Q: Trader A is currently receiving an existing promotion that gives him a trading fee discount of 10%. On top of that, Trader A also successfully invited 5 other individuals via his invite link to participate in WSOT that will entitle him to a 20% fee discount. What will be Trader A's total trading fee discount during the WSOT competition period?
A: In this case, Trader A will receive 20% trading fee discounts. The system will select whichever discount that is the highest.
Rewarding Criteria Related Inquiry
Q: When will the results of the competition be announced?
A: The results will be shown on the WSOT main page at the end of the competition, which will be on 17th September 2021 12:00 PM UTC.
Q: Is there a rewarding criteria for BTC & ETH Troop Throwdown?
A: Yes, traders need to ensure that the transaction volume of the participating coin (such as BTC or ETH) is ≥ 30,000 USD during the competition period. Please note that Troop Leaders are not required to meet the ≥ 30,000 USD trading volume.
Q: Is there a rewarding criteria for Solo Showdown?
A: Yes, traders need to ensure that the transaction volume of the participating coin (such as USDT Perpetual, EOS Inverse Perpetual, XRP Inverse Perpetual) is ≥ 30,000 USD during the competition period.
Q: Can traders receive both a team prize and an individual award? When will the prize be credited?
A: Yes, each participant can be eligible for both team and individual prizes. The prize will be credited to your Bybit account 10 working days after the results are announced. Winners can expect to receive the prize before 1st October 2021. Traders can withdraw their prizes anytime after receiving either the team or individual award.
Q: How will my Team P&L award be distributed?
A: Troop Leader will get 20% of the Troop Rewards, the Top 10 eligible members will share 30% of the Troop Rewards, and the remaining 50% Troop Rewards will be shared equally by the Troop members who reach the threshold volume ≥ 30,000 USD. Please be aware of the following:
(A) Only those who exceed the threshold volume are eligible for rewards
(B) Subaccounts cannot participate in WSOT
(C) In the event that two (2) users have the same P&L or profit, the user with grander trading volume will be selected for priority ranking.
Q: Can traders withdraw their rewards for WSOT NFT Collections?
A: Only Top 10 users in the NFTs collection ranking can withdraw
Q: Which rewards from the competitions can traders withdraw?
A: Traders can withdraw team and individual rewards obtained from participating in the Troop Throwdown and Solo Showdown as these rewards are given in real coin.
On the other hand, WSOT Perks rewards are issued in trading bonuses. For more information, please refer to our Bonus Terms and Conditions
Profit and Loss % (P&L%) Related Inquiry
Q: How are traders ranked during the competition?
A: During the competition period, traders are ranked according to their P&L and the formula is as follow:
Individual P&L = [Account Equity - Initial Equity + Withdrawal amount during the competition - Deposit amount during the competition]
Initial Equity = The amount of equity when the competition commences (including unrealized P&L and/or bonus)
Final Equity = The amount of equity when the competition ends (including unrealized P&L and/or bonus)
Q: What causes my competition P&L% to fall during the competition?
A: There are 2 main causes for a reduction in P&L% during a competition.
(A) Making a fresh deposit
(B) Making asset exchange during the competition.
Kindly take note that during the competition period, asset exchange and redeeming bonus vouchers will be regarded as deposit hence affecting traders P&L%.
Q: Can traders make a withdrawal during the competition period?
A: Yes. traders can freely make a withdrawal as there are no restrictions on deposits, withdrawals, or coin swaps during the competition period. However, such actions may adversely affect the P&L% and lower competition rankings.
Q: Will asset exchange affect P&L%?
A: Yes, during the competition period, Asset Exchange will be regarded as deposit hence affecting traders P&L%.
Q: Will the transfer of funds during the competition period affect P&L%?
A: Yes, during the WSOT competition period (18 Aug to 17 Sept) the transfer of funds into Derivatives Account from either Subaccount or Spot Account will negatively affect P&L%. Below are a few scenarios:
1) Transfer from Spot Account into Derivative Account
2) Deposit made into Derivative Account from external wallet or Fiat Gateway
3) Asset exchange made into the Derivative Account
4) Receiving or redeeming trading bonuses
Q: If traders P&L is 50% for BTC trading pairs and P&L is 100% for ETH trading pairs. How will the overall P&L% be calculated?
A: The system will first check whether both coin types reached the rewarding criteria of > 30,000 USD trading volume. If yes, the system take into account the trading pair with the highest P&L%. Refer to the example below
Trader A has 50% and 70% for her BTCUSD and ETHUSD Inverse Perpetual trading P&L% respectively. Assuming both trading pairs have met the trading volume requirement of 30,000 USD, since ETHUSD P&L% is higher BTCUSD P&L%, the system will display 70% as the overall P&L%.
Other General Inquiry
Q: Should traders follow the market analysis/ trading directions provided by their troop captain or can traders make their own individual trading decisions?
A: Traders are free to make their own trading decisions and are not obligated to follow their troop captain's market analysis/ trading directions. Please be aware that neither your troop captain nor Bybit will bear the responsibilities of your trading losses.
Q: How is the Trading Volume calculated?
A: The Trading Volume is the trading amount with leverage, including buying and selling. The system will automatically convert your trading volume unit to USD. Please refer to the following scenario:
For BTC & ETH Troop Throwdown:
BTCUSD Inverse Perpetual volume is 5,000, BTCUSD0924 Inverse Futures volume is 3,000 and BTCUSDT Perpetual volume is 6,000 during the competition.
5,000 + 3,000 = 8,000 Trading Volume, as the USDT Perpetual is not counted
For Solo Showdown:
BTCUSD Inverse Perpetual volume is 5,000, XRPUSD Inverse Perpetual volume is 8,000, and BTCUSDT Perpetual volume is 6,000 during the competition.
8,000 + 6,000 = 14,000 Trading Volume, as the BTCUSD Inverse Perpetual is not counted
Q: Can traders check whether they reached 30,000 USD trading volume during the competition period?
A: Traders can see their trading volume in the WSOT event page.
Q: Why is my account disqualified from the WSOT competition?
A: Inclusive of but not limited to the following, the Bybit WSOT committee reserves the right to disqualify a user if he/she
(A) is caught canceling more than 10 orders per minute
(B) engages in any dishonest or abusive activities during the competition
(C) uses multiple accounts to match trading activities
Bybit reserves the right of final interpretation of this event. If you have any questions, please email to our customer service at firstname.lastname@example.org
Q: What will happen if our troop captain has been disqualified from the competition?
A: If a troop captain is disqualified due to misconduct, the captain reward will be evenly divided by the Troop’s qualified members with a ≥ 30,000 USD trading volume.
Q: Can Subaccount participate in WSOT
Q: Can I use API trading when participating in the WSOT competition?
A: Yes, traders are allowed to use API for BTC & ETH Troop Throwdown and Solo Showdown. However, if a trader cancels more than 10 orders per minute may be disqualified.