Cryptocurrency exchanges are constantly competing for new users, and against this backdrop, we can see the emergence of interesting activities. Token Splash is one such activity that allows you to earn cryptocurrency with virtually no expenses.
In this article, we dissected the feature of the cryptocurrency exchange Bybit called Token Splash, its working principle, participation features, as well as provided a guide on how to use it.
What is Token Splash
Token Splash is a feature of the cryptocurrency exchange Bybit that allows earning new coins or USDT by completing tasks related to these new coins.
Such events increase user interest in new coins and also engage interaction with them.
How Token Splash Works
In fact, the principle is quite simple - you register in Token Splash, transfer money to Bybit, buy and sell the new coin and the reward is yours.
Features of Token Splash
Despite the simplicity of the tasks, there are some features that need to be discussed:
- Registration and verification are mandatory. To participate in Token Splash, you must have an account on the exchange Bybit, and also have passed KYC level 1.
- Event registration and task completion. You must register for the event, and also fulfill one of the two conditions to receive the reward.
- The fastest hands in the West. The reward goes to the first users who managed to meet all the conditions after the listing. You will have 15-30 minutes to complete the tasks. It is quite feasible.
- Minimum expenses. One of the obvious advantages is that you can buy the coin for the task and immediately sell it. Accordingly, if you bought a coin for $100 and sold it right away for $100 = turnover $200.
- A paradise for beginners. In Token Splash, beginners have an advantage. The rewards are bigger and the competition is less.
- When will the reward be credited?. The reward is credited to the funding account 14 days after the listing.
IMPORTANT! Since there are always many participants, we recommend making a deposit in advance and doing the turnover about 5 minutes after the listing, due to the high volatility. Wait for the price to drop and for rebounds to start on the minute chart. If you're doing this for the first time, try making a few market purchases for $10 and then selling immediately (execution time 2-3 seconds). For instance, if the prize pool is 300,000 coins and the reward is 100, only the first 3,000 users who meet the event conditions are eligible for rewards. For new users, the chance of receiving a reward is higher, but in any case, the earlier you do it, the better.
Guide to Using Token Splash
We have prepared a guide on using the Token Splash section, which will help you get started with it.
- Where to Find the Token Splash Section
1 Go to the "Trade" tab, then "Spot X" and "Token Splash".
- How to Participate in Token Splash
1 Once you enter the "Token Splash" section, you will see tokens you can participate in distributing. Here (1) shows the name of the token, (2) the time to complete the task, and (3) the "Participate" button.
2 The time frame for the Token Splash is displayed at the top.
3 Next are the conditions. First, you need to click on the "Register to participate" button, then complete one of the conditions. Typically, this involves making a deposit in the coin or a deposit + buying the coin. The reward for completing the task is indicated at the bottom.
Pay attention to the listing time, that you need to buy the coin, and then you can immediately sell it. For example, you need to buy a coin for $100, sell it immediately for $100 = a turnover of $200.
Also, note that you need to do the tasks right after the listing, meaning you have 15-30 minutes to do it. Otherwise, you will not receive a reward, as the rewards are distributed among the first to complete the task.
4 Also pay attention that there are tasks for new users. The tasks are identical, but the reward is greater.
5 Additionally, there are tasks based on trading volume, but we believe it is not quite reasonable to fulfill them, as the pool is divided among all who participate in the task.
- How to Buy/Sell Coins on Bybit
1 Enter the name of the coin you want to buy or sell.
2 To buy at a limit order, on the right (1) click on the “Buy” button, (2) select a limit order, (3) enter the price at which you intend to buy the coin, (4-5) enter the amount of coins to buy or the amount in USDT and finally (6) click on the “Buy” button.
3 To sell at a limit order, on the right (1) click on the “Sell” button, (2) select a limit order, (3) enter the price at which you plan to sell the coin, (4-5) enter the amount of coins to sell or the amount in USDT and finally (6) click on the “Sell” button.
4 To buy at market price, on the right (1) click on the “Buy” button, (2) select a market order, (3) enter the amount you intend to spend on the coin and finally (4) click on the “Buy” button.
5 To sell at market price, on the right (1) click on the “Sell” button, (2) select a market order, (3) enter the amount of coins you intend to sell and finally (4) click on the “Sell” button.
Conclusion
Token Splash is an excellent opportunity to earn with practically no effort. The main thing is to complete the tasks on time, and the reward will not keep you waiting.
In this article, we dissected the feature of the cryptocurrency exchange Bybit called Token Splash, its working principle, participation features, as well as provided a guide on how to use it.
Write in the comments: Have you participated in Token Splash from Bybit? Share your impressions with our partners.
We hope this article was useful to you. Wishing everyone successful and profitable investments!
If you have any questions, don't hesitate to ask them in the comments or contact us through our contact information. We are always ready to help!
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