What are Web3 Points?

Web3 Points are rewards you can earn through various Bybit Web3 events. These points can be redeemed for rewards like MNT, Spot Fee Savers, and more. 

How can I earn Web3 Points?

There are several ways to earn Web3 Points:

- WSOT Points Conversion: WSOT DEX Wave Voting Points will be converted to Web3 Points at a ?:1 ratio.

- Trading on DEX Pro: Earn points based on your DEX Pro trading volume — the more you trade, the more you earn.

- Referrals: Invite friends, and receive Web3 Points for each qualified referee.

- Daily Tasks: Complete tasks such as sharing on social media and daily check-ins to earn additional Web3 points.

- One-time tasks: Earn Web3 Points by completing specified task. Each task varies, and you can view them on the Web3 Points page.

What wallets can I use to participate and earn Web3 Points?

Currently, only Seed Phrase Wallets and Keyless Wallets are allowed to participate and earn Web3 Points. 

For users who participated in WSOT Dex Wave using a cloud wallet, you will be able to earn Web3 Points through the cloud wallet you used. However, you will no longer be able to earn Web3 Points with that cloud wallet in the future. You can earn Web3 Points by creating new Seed Phrase Wallets and Keyless Wallets.

How are WSOT Points converted into Web3 Points?

Your WSOT DEX Wave Voting Points will automatically convert to Web3 Points at a fixed ?:1 ratio after the WSOT DEX Wave event ends, allowing you to enjoy double rewards.

What is the trading volume-based reward mechanism on DEX Pro?

Web3 Points are earned based on your trading volume on DEX Pro, with multipliers applied to different volume brackets:

The trading volume on DEX Pro will be calculated daily at 23:59:59 PM UTC. The Web3 Points you earned will be credited to your account on the next day after settlement (T+1). 

How do I earn Web3 Points through referrals?

You can earn Web3 Points by referring friends, with points awarded based on the number of qualified referees:

Note： 

Qualified referees refer to those who maintain a balance of at least $10 in their wallet for seven (7) consecutive days after signing up. 

Once your invited friend meets the criteria, you will receive the points the next day (T+1).

How does the daily check-in work?

As long as your Web3 wallet holds assets worth $10 or more, you can complete the daily check-in task by sharing a post on social media to earn Web3 Points.

The points earned from the check-in task will start being calculated from the first day you check-in. 

For the first 6 consecutive days of check-in, you can earn 1 Web3 Point per day, and on the seventh consecutive day, you will earn 3 Web3 Points. 

After checking in for 7 consecutive days, the check-in task will reset, and you will start again from day one to accumulate Web3 Points. If you miss a day during the check-in task, the accumulated check-in task will also be reset.

After earning Web3 Points, what can I do with them?

Web3 Points can be used for lucky draws, the rewards from the lucky draws are completely random. The more Web3 Points you accumulate, the more draws you can participate in, and the more rewards you can potentially win.

Where can I see and earn Web3 Points?

You can access the Web3 page on both the Web and App, then click on "Earn" and select "Web3 Points.

Will the Web3 Points I earned expire?

The Web3 Points you currently earn will not expire. If there are any changes, we will update the landing page and announcements.