Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Bybit Learn

DeFi

Blockchain

With intelligent asset management capabilities and a host of DApps at your fingertips, Reef Blockchain (REEF) is your one-stop platform for everything DeFi.

If there’s one thing computer and finance experts agree on, it’s that crypto is the future. In a world dominated increasingly by cryptocurrencies, there’s a visible shift toward the decentralized, as individuals worldwide discover the liberation of peer-to-peer transactions. 

As part of this march toward true decentralization, however, innovations have to be made, and sophisticated systems and networks have to be developed — both to hasten the popularization of decentralized finance (

), and to enable the integration of the current centralized financial world’s intricacies.

An example of such intricacies is the way that complex systems are simplified for optimal customer experience. In order to achieve this, several prototypes will be made, modified, and sometimes replaced by better ones. 

In this article, we'll look at one such innovation to the DeFi space: the 

, which has the most advanced EVM-compatible blockchains. Just as payment switches make several complicated processes seem easy and direct to users of banking applications, Reef’s platform intends to do the same.

Reef is a blockchain for DeFi purposes built on a substrate — a blockchain template or framework — launched in May 2021. After several updates and version releases, it has shown its potential as a major player in the DeFi, 

 and gaming ecosystems. It’s a brainchild of Reef Finance, established by 

, and its name is an acronym of its key traits: 

The Reef chain offers self-upgradability, on-chain governance, scalability, low fees, and EVM extensions that bridge native 

. Its self-upgradability feature is powered by 

installed on the network. Reef’s validation process is based on thenominated proof of stake (

The Reef ecosystem has expanded from being a DeFi 

 as a parallel chain, to developing its Ethereum virtual machine (

)-compatible blockchain and offering a DeFi operating system. 

Not only is the Reef network warming up to take its seat as a major player in the DeFi space, but it’s also set to revolutionize decentralized finance as a whole. Currently one of the most advanced EVM-integrated development environments, Reef is ready to take DeFi to the next level with its cross-chain abilities.

The Reef ecosystem comes after other big-name DeFi blockchains have helped it identify areas for improvement, work on them, and develop a better system. Reef chain offers 

 (DApp) developers the opportunity to build on a cheaper platform.

 is the homegrown token of the Reef network, which exists as both a governance token and a utility token. This means its holders can use it for governance functions, and also to pay transaction fees, among other things. 

As a utility token, REEF can be used to pay fees for activities on the blockchain like transactions and data storage, while as a 

, it can be used to become a validator by staking REEF tokens.

The holders of the token can also vote on important matters related to the network, like choosing which validator becomes part of the network. When it comes to maintaining the Reef platform, those holding the token have a part to play: They do this by entering new blocks of data into the 

. The more REEF tokens one holds, the greater their share of participation.

To understand the use of the REEF token, we have to understand the need it seeks to meet.

The blood of the DeFi system is the DApps that are engaged in transactional activities, which collectively form the concept of decentralized finance (DeFi) as we know it. These DApps, in turn, make use of tokens for their transactions, but they tend to be too technical for the average person to use because they require the transfer of money from specialized 

 and blockchains on which they’re stored.

For example, Bob has some USDT and wants to make use of a hotel booking DApp that accepts the token. However, he may not be able to make the payment if his tokens are stored on a different blockchain from the one the DApp runs on. To make the payment, he’ll have to make use of a centralized exchange. However, he may not have an account, or he may not know how to go about it. This is the problem the Reef network intends to solve.

The idea of the Reef network has always been to develop a cross-chain DeFi operating system that allows the transfer of value (in the form of tokens) between different blockchains. This opens up the possibility of transferring value between centralized and decentralized exchanges.

Developers of DApps on the Reef blockchain will have a cross-chain operating system that connects value between different blockchains. In effect, it’s acting as a bridge between the requester (Bob) and the supplier (the vendor of the DApp).

Reef chain can also develop other tokens on its blockchain, just as thousands of tokens are built on the 

As mentioned, Reef chain uses NPoS, one of the forms of the well-known proof of stake (

) consensus. PoS is a system whereby validators are chosen based on the size of their stake. 

For example, when a block of data is to be added to a blockchain that uses PoS, the node with the largest amount of coins staked will be chosen to validate the block to be added. This is different from the proof of work (

) mechanism used on popular blockchains like 

, where the node that validates the block to be added is the one with the closest answer to a cryptographic puzzle. 

With the NPoS mechanism, the nodes on the network are either validators or nominators. The nominators stake some tokens (in this case, REEF) in order to nominate validators. The staked amount determines the number of rewards for which a nominator will be eligible. 

For example, there are four nominators on a network: Sam, Paul, Chris and Veronica. Sam stakes 50 REEF tokens, Paul stakes 50, Chris 30, and Veronica 10. After they’ve nominated the validators they want, the validator with the highest voting power — i.e., the highest number of nominations — will be chosen to validate the next block. If Sam and Chris both nominated the same person, the reward would be shared proportionately to their staked amounts.

This mechanism is regulated and coordinated by a 

Blockchains that utilize the PoS mechanism experience fewer energy issues than ones that use PoW — e.g., Bitcoin. PoW requires nodes to solve cryptographic puzzles requiring specialized machinery. Hence, a lot goes into purchasing these machines to perform the calculations, known as 

The energy that Reef consumes is comparable to that of a shopping mall. In comparison, Bitcoin alone consumes more energy than the country of Poland. With the effects of climate change, and calls for a reduction in nonrenewable energy consumption, blockchains that utilize the PoS mechanism are likely to lead the way into a decentralized financial future. 

 programming language. Solidity is an object-oriented programming language (OOL) used by the EVM (among others) to develop smart contracts. Since it’s compatible with the system, it enables developers of DApps on the Ethereum network to import their DApps to the Reef network without having to rewrite the code.

A feature that isn’t present on Bitcoin or Ethereum is the ability of Reef chain to upgrade and develop itself. The development of blockchain has been stunted because of the difficulty of its upgradability, whereby the blockchain has to be stopped and a new one created, known as a 

Some cryptocurrencies have tried to incorporate efficient development processes through governance models, which move toward centralization. Ethereum, however, allows for upgrades through its dynamic development team, but its highly decentralized users have hampered the integration of useful updates. With the advent of 

 upgradability, higher versions of the blockchain can be developed without major disruptions to its functioning — and without sacrificing its decentralized nature.

 Figures below are accurate as of this writing, and are approximated up to two decimal places where applicable.

Reef offers retail investors a greater opportunity to participate in DeFi frameworks by removing the technical barriers typically associated with them. This is sure to attract more investors to the network, and provide Reef with the foundation required to blossom into a top-notch DeFi platform.

With considerably low fees, Reef Chain has a real chance at beating all competitors in the cross-chain service providers niche. Thanks to its ability to solve the lack of funds in DEXs by acting as a bridge between CEXs and DEXs, and serving as an aggregator of 

, it also has the potential to become the backbone of most DApps. 

The network's opportunities are diverse and dynamic, ranging from 

 engine, REEF smart yield engine, scalability and security, to a decentralized trading platform. All these come with a simple and user-friendly interface. The blockchain has a faster transaction

 (40 seconds) than both the Bitcoin (3,600 seconds) and Ethereum (600+ seconds) blockchains. It also enjoys a faster block time (10 seconds) than both Bitcoin and Ethereum. 

All these point to the potential the chain has in the DeFi space.

REEF coins can be traded as a derivative product on many popular exchanges, including Bybit. 

On Bybit, the trading of the REEF derivative is made simple by pairing it with USDT as a 

. Essentially, you’re using the USDT stablecoin as collateral to trade the REEF derivative, and all the settlements are done in USDT alone. 

You must have a registered Bybit account to trade any asset on the exchange. The

 process is straightforward, and can also be completed by visiting the official 

 section on the exchange and search for the 

 asset class. Make sure to have USDT in your Bybit derivatives wallet, as all the settlements for the trade are made in USDT. 

Once done, you’re ready to place your trade. You can do this by using a limit, market or conditional order. Bybit allows a 10x margin on the 

 perpetual contract with which you can maximize your profits. If you’re using a limit order (recommended), enter the price at which you want to enter the market and the number of REEF contracts you want to trade.

All you need to do now is to place the order. Make sure to place accurate take-profit and stop-loss limits to mitigate the risk of liquidation. 

Once the order is placed, you can see all the details in the order section at the bottom of the trading terminal. The trade will be closed once the asset class price reaches either the 

Cross-chain functionality is gradually becoming a core feature in the decentralized ecosystem. The ability to transfer across blockchains and different DApps has opened another market opportunity, one which will increase the effectiveness of using decentralized systems over centralized systems.

It's no news that the key to making it big in any market is the ability to spot opportunities. In other words, foresight in financial matters is crucial to success. You may not have spotted the potential Bitcoin had a decade ago, but here’s another chance at taking full advantage of innovation in the crypto space integrating the next big thing in the DeFi space: Interoperability.

The Reef network is a major improvement to the legacy blockchains, but it also has the potential to go beyond that to being a liquidity bridge (or payment switch, as we know it). It also offers developers Reef chain development tools, and investors the opportunity to profit from the expected growth of decentralized finance. If you love adventures, here’s your chance to embark on one in the DeFi space.

What Is Reef Blockchain (REEF)?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards