Dubai — Bybit has just announced the launch of the ZKsync (ZK) project on its ByStarter platform. Starting today, users can sign up for the ZK ByStarter and engage in tasks to win a share of the 14,700,000 ZK prize pool.
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Bybit has structured the ZK ByStarter to reward participants generously. The first 400,000 users who lock 100 USDT will receive 5 ZK each as a Participation Prize. Additionally, users who complete all required tasks but do not win the lottery will share a pool of 4,600,000 ZK under the Sunshine Prize category.
For the Grand Prize, 27,000 winners will be selected to share 8,100,000 ZK, with each winner receiving 300 ZK.
Key dates to remember include the Participation Period, which runs from Jun. 17, 2024, 7 AM UTC to Jul. 18, 2024, 10 AM UTC. The Distribution Period will take place from Jul. 18, 2024, 10 AM UTC to Jul. 25, 2024, 10 AM UTC, with results announced on Jul. 25, 2024, 10 AM UTC.
ZKsync is an Ethereum scaling and privacy engine utilizing the ZK Rollup architecture, enabling low-gas transfers of ETH and ERC20 tokens. This enhances both scalability and security, making it a crucial development in the crypto space.
How To Participate
To participate, users need to create a Bybit account and complete Identity Verification Lv. 1. They must also connect their Web3 wallet on ByStarter and use the same wallet to complete the required on-chain quests.
During the Participation Period, users need to lock 100 USDT from their Bybit Funding Account and complete all on-chain quests. ZK token rewards will be credited to users’ Bybit Funding Accounts by 10 AM UTC on July 25, 2024.
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About Bybit
Founded in 2018, Bybit is a top-three cryptocurrency exchange by volume, serving 25 million users worldwide. The platform is known for its ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is also a proud partner of Formula One’s Oracle Red Bull Racing team.