Blockchain

Bybit’s World Series of Trading 2024 Kicks Off: The Biggest Trading Competition in Crypto History Begins

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    Dubai, United Arab Emirates, October 1st, 2024, Chainwire

     

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. This year, WSOT pushes boundaries, integrating centralized and decentralized trading, allowing participants to experience the trustless trading of the future.

    Game-Changing Features Traders Will Love

    Individual traders can battle in three arenas depending on their capital size: lightweight, middleweight, and heavyweight. With separate prize pools for each league, the competition is fairer and ensures that talent wins the day, not account size.

    Furthermore, traders can add up to four subaccounts within their Unified Trading Account (UTA) and rack up PnL across multiple accounts and markets, increasing their chances of winning. Bybit’s UTA calculates margin across positions, unifies collateral, and improves capital efficiency so traders can operate multiple positions from one account, making it a killer tool for the rigors of competitive trading.

    Expanding into Decentralized and Centralized Trading

    WSOT also includes Bybit Web3’s DEX Pro trading platform so participants can trade over 1 million decentralized tokens, including memecoins, DeFi, GameFi, and more. Participants can also take part in the first-ever Web3 Idol competition.

    To play, traders earn votes through trading and completing daily tasks. Voters can support up to three projects daily and have the chance to win from a 1,000,000 MNT prize pool, including a 600,000 MNT grand prize for those who vote for the winning project and 200,000 MNT daily rewards. The winning project will receive exclusive CEO backing, prime listing, and marketing support, making it a key event in shaping the future of Web3.

    Over 100 ecosystem partners and decentralized projects such as MomoAi and Tars Protocol from Solana, and Catizen, KTX Finance via Mantle will participate in the DEX Pro competition as part of WSOT. By marrying centralized (CEX) and decentralized (DEX) trading, all crypto lovers can experience the wave of the whole ecosystem.

    “Bybit aims to create industry best practices for onboarding users for both CEX and DEX to help create a broader landscape of crypto adoption,” said Ben Zhou, co-founder and CEO. “By combining these two elements, we are enabling the smaller projects and specialist traders to rise up the competition ranks.”

    10,000,000 Prize Pool and Participation Details

    The prize pool for WSOT 2024 is bigger and better, with rewards including yacht cruises, Rolex watches, world travel tickets, and up to 10,000,000 USDT. The more participants join, the larger the prize pool grows, making this year’s competition the juiciest in crypto.

    To participate, simply sign up for WSOT when the event opens on October 1 and maintain at least $500 in your Bybit UTA account. All participants can invite friends to join WSOT and get more chances in the lucky draw.

    Over the years, Bybit’s WSOT has grown to historic heights, with nearly 117,000 traders entering competitions between 2020 and 2022. And in 2023, the competition attracted almost 120,000 traders globally. This resulted in a remarkable year-on-year trading volume surge of 42%, reaching a total trading volume of 70.5 billion.

    #Bybit / #TheCryptoArk / #WSOT2024

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, users can visit Bybit Press.

    For media inquiries, users can contact: [email protected]

    For more information, users can visit: https://www.bybit.com

    For updates, users can follow: Bybit’s Communities and Social Media

     

    Contact

    Head of PR
    Tony Au
    Bybit
    [email protected]

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    The Awareness Group (TAG) Launches TAG Capital to Drive Renewable Energy Financing

    2024-10-01T11:00:00Z

    Will Provide Fund Management Services for TAG’s Innovative PPAs and Service and Monetize TAG Loan Portfolios and Investment Tax Credits

    SCOTTSDALE, Ariz., Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Awareness Group (OTC: FHLD) (“TAG”), a rising leader in the alternative energy industry, is excited to announce the launch of TAG Capital—a dynamic new division under TAG Financial, aiming to disrupt the future of renewable energy project financing. TAG Capital will act as the financial backbone of the organization, helping to power the growth of the TAG GRID—an innovative, integrated network of contractors, project developers and sales teams within the alternative energy space.

    Pablo Diaz, CEO and Founder of TAG, commented, "TAG Capital represents a bold step forward in our mission to provide seamless proprietary financing solutions that accelerate the growth of clean energy projects. Through TAG Capital, we’ll fund TAG’s unique lending products, specifically tailored for the sales organization and EPC (Engineering, Procurement, and Construction) members within the TAG GRID. But that's not all—TAG Capital will drive revenue by servicing and monetizing both Investment Tax Credits (ITC) and TAG-owned loan portfolios, ensuring that TAG stays ahead in the fast-moving renewable sector."

    TAG Capital will also pave the way for cutting-edge financial products, including a soon-to-be-announced one-of-a-kind Commercial PPA designed to cater to larger-scale renewable energy initiatives.

    Highlights of TAG Capital:

    • Revolutionary Financing Options:
      • Residential PPAs Beyond Credit Scores: Through its sister division, TAG Financial Services (TFS), TAG Capital will offer unique financing options for residential projects. Unlike traditional models, these solutions don’t hinge on credit scores alone, making green energy accessible to a broader range of homeowners and businesses.
      • Commercial PPAs: Innovative agreements tailored for larger-scale commercial projects, providing flexible financing structures for renewable energy installations.
    • Strategic Loan Portfolio Management: TAG Capital will expertly securitize or manage TAG’s own renewable energy loan portfolios, unlocking new revenue streams, enhancing liquidity and ensuring top-tier risk management for its investors.
    • Monetizing Tax Incentives: TAG Capital will maximize the value of available tax incentives for renewable energy developers and financiers, ensuring every credit is leveraged to its full potential.

    About TAG
    Innovation is at the heart of The Awareness Group (TAG). We are building the TAG GRID, a comprehensive national platform for alternative energy services and solutions targeting commercial and residential projects. With a unique growth model, TAG has acquired five companies across the alternative energy space, ranging from fintech for national residential and commercial project funding solutions, solar lead generation, sales and installation services to blockchain and a digital carbon and renewable energy credits marketplace. TAG is structured for organic growth, complemented by a highly synergistic corporate development strategy focused on expanding current business lines and adding innovative technologies. The Company aims to quickly build a profitable, multi-$100 million company over the next few years and create significant value for customers, employees, partners and current and prospective investors.

    For more information, please visit us at https://www.awarenessgroup.llc/

    Follow us on X: @AwarenessGroup1

    Follow us on LinkedIn: Awareness Group on LinkedIn

    Forward-Looking Statements 
    In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

    TAG Investor Relations and Media Contact:
    Brian Siegel, IRC®, M.B.A.
    Senior Managing Director
    Hayden IR
    (346) 396-8696
    [email protected]


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