Are you a crypto pro armed with ample knowledge of the cryptocurrency space? Ready to coach other people about crypto? Here’s a great way to monetize your know-how: Join us as a Bybit tutor and earn up to $1,200 just by sharing what you know about crypto and Bybit. Talk about a win-win situation!
Interested in becoming a tutor with us?
- Sign up for a Bybit account HERE
- Fill in this APPLICATION FORM and pass a quiz designed to test your crypto knowledge before Nov. 24, 2021
With great knowledge comes (some) responsibilities
As a Bybit tutor, you are expected to host at least two live video sessions to teach your students about both crypto and trading on the Bybit app. Each video session is to be recorded and uploaded for verification purposes.
We will support you in becoming the very best tutor by providing helpful content in specific topics like trading strategies, reading charts, and important information about Bybit that you can reference for your classes.
To qualify for the rewards, here’s what you need to do:
- Ensure that there is at least a total of 20 students attending your classes, across the two live video sessions
- Share your Bybit referral link with your students
- Obtain at least 20 sign-ups who make a first time deposit of at least $10 in any asset
Your reward will depend on the number of students, sign-ups, and first time deposits obtained. Top tutors who achieve more than 60 or 100 first time deposits through their classes will be rewarded with $600 and $1,200 respectively.
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Terms and Conditions
- Only users who opt-in via the quiz and pass the quiz will be selected as Bybit tutors.
- The campaign only applies to all verified Bybit users from Africa.
- Deposits from one Bybit account to another are not eligible for rewards.
- All participating users must strictly abide by Bybit’s Terms of Service.
- Bybit reserves the right to the final interpretation of this campaign.
- Bybit reserves the right to disqualify trades deemed to be pseudo trades, displaying market manipulation attributes, bulk account registrations for additional bonuses, or other fraudulent attempts.
- Bybit reserves the right to determine who they select as a Bybit tutor.
- Bybit reserves the right to disqualify tutors who do not abide by our terms and conditions.
El Salvador Buys Additional 150 BTC as price Falls Below $50,000
Many in the cryptocurrency community are now calling the President of El Salvador a Chief Executive Officer (CEO) as he has managed his country like a CEO would a company. He has now allocated his ‘company’s’ treasury into Bitcoin, as he aims to ‘Buy the dip’, anytime there is a price drawdown in the asset class.
Today ‘CEO’ Nayib Bukele took to Twitter to announce that his ‘company’, El Salvador, just bought an additional 150 BTC, adding to the 100 BTC the Latin American nation bought when Bitcoin’s price fell below $60,000.
He stated, “El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670 #Bitcoin ” He further explained that he missed the bottom as Bitcoin traded as low as $42,874.62 according to coinmarketcap. He stated, “missed the f***ing bottom by 7 minutes.”
What you should know
This purchase puts El Salvador’s Bitcoin reserve at a total of 1,270 BTC, which is worth nearly $61.6 million at the time of writing. On the 26th of November, just 8 days ago, the President announced the purchase of 100 BTC.
The Salvadorean government game plan includes withdrawing unrealized BTC gains in U.S. dollars to fund various developmental projects while maintaining the overall value of the central reserve.
President Nayib Bukele first announced that El Salvador would be making their first major BTC purchase on the eve of the country’s Bitcoin Law going into effect on Sept. 7, buying 200 BTC when the price was roughly $52,000. The nation has seen added 1,020 BTC, with the nation buying whenever there has been a major sell off in the price of Bitcoin.
Nayib Bukele has proposed several initiatives in the country around Bitcoin adoption and mining. The government has started construction of the infrastructure to support the state-issued Bitcoin wallet, Chivo, and recently unveiled plans to launch its own Bitcoin City at the base of a volcano, funded initially by $1 billion in Bitcoin bonds.
Since the adoption of Bitcoin as a legal tender, the Salvadoran government has been investing gains onto various infrastructure development projects. In mid-October, the President announced that the $4 million from the profits of their Bitcoin Trust will be used to construct a new veterinary hospital in the capital, San Salvador. Early November, Bukele announced that the surplus earned from the state’s Bitcoin Trust account will be used for constructing 20 new schools.
However, Many Salvadorans have pushed back against the crypto initiatives, specifically protesting Bukele and Bitcoin. In September, residents marching through the capital city destroyed one of the Chivo kiosks and defaced the remains with anti-BTC logos and signs.
Superalgos is the go to hub for day traders – Luis Molina, CEO
The SA token is the native token of the Superalgos platform. It was recently launched on PancakeSwap, a decentralized exchange (DEX), under the ticker ‘SA’. The launch comes after four years of development with tens of thousands of downloads during the open beta phase as the community builds up liquidity pools for its native Superalgos token on the DEX.
Molina says, “Our token is a community token and it represents how much you have contributed to the project. The difference between the SA token and other tokens is that others use their token to incentivize security for their respective networks while we don’t need security for our network because our token runs on someone else’s network. What we do is we use 100% of the incentivization power of each token to incentivize contribution to the platform. In the first four years, the contribution was in the form of codes to the codebase to create these tools. We are transitioning to allowing people contribute trading intelligence in the form of indicators, strategies and also signals. The platform will be set up where people will be running bots which produces signals for traders and putting them in the Superalgos network for everyone to benefit.”
Molina concluded by telling us more about the Superalgos application and how traders can benefit from the #1 platform on GitHub. He also gave hints about his top five cryptocurrencies. Click here to watch the full interview.