Bybit CEO Ben Zhou takes center stage to unveil the latest innovations, products, and initiatives shaping the platform’s trajectory. Find out more!

So much had happened in 2024, with the U.S. election to BTC finally hitting its all-time high of over $100k. In this dynamic episode of Lessons From the Block, Bybit CEO Ben Zhou takes center stage to unveil the latest innovations, products, and initiatives shaping the platform’s trajectory. With a focus on inclusivity, accessibility, and cutting-edge solutions, Ben blends industry insights with personal reflections, concluding with a lively, rapid-fire Q&A session that offers a glimpse into his vision and personality.

What Exactly Is Bybit’s Islamic Accounts as A Milestone in Financial Inclusivity?

One of the key highlights of the episode is Bybit’s pioneering launch of Bybit’s Islamic accounts— a groundbreaking step to make cryptocurrency trading accessible to Muslim users. This initiative was driven by valuable feedback gathered during Bybit’s outreach efforts in Malaysia, where the team identified the challenges Muslim traders face in adhering to Shariah-compliant financial practices.

Bybit spent over a year collaborating with certified boards to develop a product that aligns with Sharia principles, ensuring inclusivity and accessibility. The Islamic account currently supports over 40 trading pairs and has received overwhelmingly positive feedback. Looking ahead, Bybit aims to strengthen this offering by partnering with Islamic banks and financial institutions to provide users with a broader range of compliant tools and opportunities.

Bybit Card Is Yet Another Milestone for Bybit to Redefine Crypto Spending

is emerging as a game-changer for crypto enthusiasts as Ben highlights its standout features, including:  

The Bybit Card bridges the gap between crypto and daily life, allowing users to spend their digital assets effortlessly. Currently available across Europe, Asia, Argentina, Brazil, and the CIS region, with plans for further expansion that are already underway.

Bridging Traditional and Crypto Markets with Bybit’s Gold and FX

 Recognizing the growing demand for diversified trading opportunities, Bybit has expanded its ecosystem by introducing 

 via the MT5 platform. Ben emphasizes that this feature caters to crypto users seeking exposure to traditional markets while staying within the crypto ecosystem.

The MT5 platform enables users to trade major indices like the China A50, precious metals such as gold and silver, and even commodities like sugar. Notably, Bybit is the only crypto exchange offering an MT5 platform where users can trade traditional assets directly using cryptocurrencies. This initiative aligns with Bybit’s mission to empower traders with access to various market opportunities and seamlessly transition from crypto to traditional financial assets.

BbSOL is Yet Another Creative Approach to Yield Generation

Bybit’s introduction of bbSOL, a liquid staking derivative (LSD) for Solana holders, underscores its commitment to innovation. Users can exchange their Solana (SOL) for bbSOL, which accrues yield over time. As the value of bbSOL appreciates, users benefit from passive income without compromising liquidity.

What sets bbSOL apart is its gamified experience. Users can “feed and walk” their digital bbSOL mascot, akin to a modern-day Tamagotchi. The protocol also supports staking for other assets like Lido staked ETH (stETH) and will soon expand to include Bitcoin staking through the upcoming fBTC protocol.

Pushing Through the Boundaries with Bybit’s Philosophy: Listen, Care, Improve

Ben reinforces Bybit’s core philosophy throughout the conversation: "Listen, care, and improve.” This principle underpins every initiative, from introducing Islamic accounts to launching the Bybit Card, MT5 trading, and the launch of 

. Bybit remains dedicated to creating a platform that is inclusive, accessible, and aligned with the needs of its global user base.

This episode of the podcast serves as a testament to Bybit’s forward-thinking approach to crypto innovation and its unwavering commitment to inclusivity. With revolutionary products like the Bybit Card, Islamic accounts, and MT5 trading, the platform continues to set new standards in the industry. As the year-end is approaching, we’d like to give thanks to our loyal users who have trusted and been through the journey of growth with us. We appreciate it if you’d stay tuned for future episodes as “Lessons From the Block” as we explore the exciting frontiers of the cryptocurrency ecosystem and grow together to achieve new heights in the upcoming years. 

Intermediate

Lessons From The Block.jpeg

Lessons From The Block #8: Bybit CEO Ben Zhou Shares Innovations and Insights to Wrap Up 2024

Stay updated with Bybit Card's features and unlock unbeatable cashback rewards as our guest and host walk us through some of the deals on the card. 

In the ever-evolving world of cryptocurrency, seamless integration with traditional financial systems is vital to mass adoption. Bybit Card offers a gateway for crypto users to effortlessly bridge the gap between digital assets and everyday spending. Here, we summarize the latest insights shared during a recent 

 featuring Davide from the Bybit Card product team.

The Bybit Card provides unmatched versatility, being accepted by over 90 million MasterCard merchants worldwide. This makes it a convenient payment solution for crypto users across the globe. The card’s functionality is further enhanced by its seamless integration with Bybit’s funding account, ensuring fast and hassle-free transactions. Additionally, users can transact using multiple cryptocurrencies, reinforcing the card’s user-friendly design. What’s more, the Bybit Card boasts zero annual or hidden fees, along with free issuance and delivery, solidifying its reputation as an accessible and cost-effective option for crypto enthusiasts.

One of the standout features of the Bybit Card is its robust rewards program:

The Bybit Card is currently active across Brazil, Argentina, Australia and many more countries. This strategic expansion underscores Bybit’s commitment to global accessibility, allowing users from diverse regions to leverage the card’s benefits.

Bybit’s referral program adds another layer of value for its card users. For every referral who completes their first transaction, the referrer earns 20 USDT, while the new user receives 10 USDT as a welcome bonus. This program not only incentivizes card adoption but also fosters a sense of community among Bybit users.

The Bybit Card addresses one of the key barriers to crypto adoption: the complexity of cryptocurrency-to-fiat conversions. The card handles conversions automatically, allowing users to make payments without worrying about the technicalities. This seamless functionality simplifies daily transactions and encourages broader adoption among users unfamiliar with crypto.

Davide highlighted several upcoming features and enhancements designed to make the Bybit Card even more appealing:

The Bybit Card is a transformative product that caters to the needs of modern crypto users by combining convenience, rewards, and global accessibility. Its ability to merge the benefits of digital currencies with the practicality of traditional payment systems makes it a standout option in the market.

As Bybit continues to innovate and expand its offerings, the best is yet to come for the Bybit Card. Stay tuned to Bybit’s social media channels for more updates and insights, and explore how the card can enhance your crypto experience today.

Beginner

Lessons From the Block #7: Unveiling the Bybit Card Benefits and Features

Let's explore Bybit’s integration of the MetaTrader 5 (MT5) platform, a pivotal update that allows users to trade traditional financial assets like gold, forex, and commodities, all within the Bybit ecosystem.

Welcome back to yet another episode of Bybit Podcast recap. Today, we’re exploring Bybit’s integration of the MetaTrader 5 (MT5) platform known as 

, a pivotal update that allows users to trade traditional financial assets like gold, forex, and commodities, all within the Bybit ecosystem. Joined with our Product Operations Specialist, Ivan, he shared insights on MT5’s functionality, user experience, and unique offerings that elevate the trading experience for both crypto and traditional asset traders.

Bybit Gold & FX: Bridging Traditional and Digital Finance

Bybit Gold and FX is a powerful tool that supports trading beyond the crypto market, tapping into traditional markets including commodities, forex, and metals, using USDT as the settlement currency. This approach simplifies transactions, eliminating the need for traders to handle fiat conversions. Instead, users can seamlessly transfer USDT from their Bybit accounts to MT5, making the entire process quick and cost-effective. Bybit's MT5 integration empowers users with a unified trading solution for both digital and traditional assets, offering convenience for those looking to diversify their portfolios.

MT5 improves on its predecessor, MetaTrader 4 (MT4), by integrating a range of new tools and assets. For those familiar with MT4, the transition to MT5 is smooth due to a similar user interface but with added technical indicators, graphic objects, and sophisticated financial instruments. Bybit's MT5 platform also offers enhanced support for expert advisors (EAs), facilitating automated trading strategies that give users flexibility and efficiency in their trading operations. 

Ivan also shared some insights that Bybit has plans to expand the platform's capabilities further by including stock indices in the near future. This diversified offering aims to attract traders who seek advanced tools and a wide range of options within a single, user-friendly platform.

The MT5 platform on Bybit is designed to be competitive, offering leverage up to 500x on forex and commodity trades and up to 200x for crypto trading. This high leverage ratio can enhance traders' market exposure, potentially boosting gains while accommodating a diverse range of trading strategies. Bybit also keeps trading costs minimal, with position open fees as low as three basis points, and no fees on closing positions, allowing traders to maximize returns with lower transaction costs. 

Seamless Integration for Efficient Trading

One of Bybit MT5’s standout features is its seamless integration, allowing existing Bybit users to connect to MT5 with a single click. Once users transfer USDT to MT5, they can trade assets from a single account, creating a cohesive experience that simplifies portfolio diversification. Traders can easily switch between cryptocurrencies, forex, and commodities, making it convenient to balance positions, for example, by going long on gold while shorting Bitcoin—all without the hassle of switching platforms or managing funds across different exchanges.

User-Friendly Interface with Robust Support

MT5 is known for its intuitive user interface, making it accessible for both beginners and experienced traders. Bybit ensures comprehensive customer support to assist users with any issues, offering technical assistance and guidance specific to the MT5 platform. This robust support infrastructure aims to provide users with a smooth trading experience, allowing them to focus on strategy rather than navigating platform complexities.

Getting started with MT5 on Bybit is straightforward. Existing Bybit users can download the MT5 application on their preferred device, whether desktop or mobile and link it to their Bybit account. The seamless USDT transfer between Bybit and MT5 enables traders to start exploring traditional markets without delay. This user-centric integration reflects Bybit's commitment to making diversified trading accessible and straightforward.

Bybit's integration of MT5 marks a significant step in bridging the gap between traditional and digital trading. Offering a comprehensive suite of trading tools and an impressive range of assets, MT5 on Bybit caters to the needs of both crypto enthusiasts and traditional traders looking for a streamlined, cost-effective solution. By providing a single platform for multiple asset types and high-leverage options, Bybit empowers users to manage their portfolios efficiently, diversify investments, and access markets that were previously siloed in separate systems.

For traders seeking flexibility, ease of use, and comprehensive market access, Bybit MT5 represents a pioneering solution. Join us on Bybit MT5 and explore a world of trading possibilities—where traditional finance meets the future of digital trading. Stay connected with Lessons from the Block for more insights, and keep an eye on Bybit’s social channels for the latest updates in the trading world.

Lesson From The Block #6: Expanding Horizons in Trading with Bybit's Gold & FX

Learn how our guest, with the self-proclaimed title of "Airdrop King," built his empire from 4-figures to 7-figures through crypto education, NFT and Web3.

In the rapidly transforming world of Web3, few personal journeys embody the transformative potential of decentralized finance and blockchain technology quite like Will’s. A self-proclaimed “Alpha Hunter” and “Airdrop King,” Will has carved out a unique and impressive path in the crypto world. From a humble starting point of just $2,000, he has managed to amass a seven-figure net worth, all while navigating the challenges and opportunities that define the Web3 space.

In this podcast, the host and guest, Shadie and Will, will share their experiences capitalizing on these early crypto offerings and seizing these opportunities.

Like many beginners in the crypto space, Will’s initial steps were marked by both excitement and naiveté. He leveraged his trades aggressively, chasing quick profits and diving headfirst into complex transactions without fully understanding the risks involved. The result was predictable: he lost a significant portion of his initial investment. But instead of walking away defeated, Will turned these early losses into a powerful learning experience.

Recognizing the importance of knowledge in such a volatile industry, Will immersed himself in the world of crypto education. He studied technical analysis, market trends, and the intricacies of different trading strategies. He honed his skills in reading the market, gradually becoming more disciplined in his approach. Each loss became a lesson, and each success a building block toward a more refined strategy. Will began to see crypto not as a gamble but as a calculated venture where knowledge was the primary asset.

The Power of Networking: Building a Web3 Community

One of the pivotal moments in Will's journey was the realization that knowledge alone wouldn’t be enough to thrive in the highly competitive crypto market. Success in Web3 also relied on connections. Will understood that the crypto ecosystem wasn’t just about technology—it was about people, ideas, and the exchange of insights.

He began actively seeking out relationships within the Web3 community, engaging with influencers, thought leaders, and fellow enthusiasts. Through consistent interaction with key players, Will built a robust network that provided him with invaluable insights, exclusive opportunities, and mentorship. His newfound network became an incubator for ideas and strategies, and it was through these connections that Will found himself uniquely positioned to capitalize on emerging trends in the crypto space.

As Will became more knowledgeable and well-connected, he began focusing on one of the most lucrative opportunities in the decentralized finance (DeFi) space—airdrops. For the uninitiated, airdrops are a method by which cryptocurrency projects distribute tokens to early adopters, often as a promotional strategy to build awareness and incentivize participation. Will had a keen eye for identifying these opportunities, participating in promising projects that later rewarded him with substantial amounts of cryptocurrency.

Through strategic participation in DeFi projects and Web3 initiatives, Will accumulated significant assets with little to no upfront cost. His knack for navigating airdrops helped him build a reputation as an expert, attracting a sizable following on social media and within crypto communities. His rise to prominence was not just about personal gain—he became a thought leader, sharing his knowledge and helping others identify similar opportunities.

As the world of NFTs (non-fungible tokens) exploded into mainstream consciousness, Will saw another opportunity. Initially skeptical of the idea of purchasing digital art, he was careful to avoid getting swept up in the hype. Instead, Will took a pragmatic approach, focusing on NFT projects that offered tangible utility, strong community engagement, or real-world benefits beyond speculative price increases.

This careful approach to NFTs allowed Will to diversify his crypto portfolio, adding assets that carried long-term value rather than chasing trends. His ability to separate substance from hype in the NFT market proved to be yet another demonstration of his disciplined approach to Web3 investments.

One of the most notable aspects of Will’s journey is his commitment to transparency and community-building. Unlike many in the crypto space who prefer to operate behind a veil of anonymity, Will has been open about his successes, failures, and the lessons he has learned along the way. Through his active presence on social media, he has built a loyal following of individuals who look to him for guidance in navigating the complex world of Web3.

His willingness to share insights and engage with his community has set him apart as not just a successful investor, but also a mentor and educator. Will’s transparency has fostered trust among his followers, and his brand has grown as a result. In an industry often criticized for its opacity and the prevalence of scams, Will has become a refreshing voice of honesty and reliability.

Looking ahead, Will remains optimistic about the future of Web3. He believes that the decentralized economy is still in its early stages and that the integration of blockchain technology into everyday life is inevitable. The opportunities for individuals to participate in this new economy, whether through DeFi, NFTs, or other Web3 innovations, will continue to expand as the technology matures.

For Will, the future of Web3 represents not just financial opportunity, but also a chance for greater inclusivity. By decentralizing finance and removing many of the barriers that exist in traditional financial systems, Web3 has the potential to create a more equitable global economy. Will is committed to continuing his journey in the space, sharing his knowledge, and helping others seize the opportunities that lie ahead.

Will’s story is a testament to the transformative potential of Web3 and the power of perseverance. Some of the key lessons from his journey include:

Will’s rise from modest beginnings to becoming a seven-figure investor in Web3 is an inspiring tale of resilience, education, and strategic networking. His journey reminds us that in the ever-evolving world of decentralized finance, the opportunities are vast—but success belongs to those who are willing to learn, adapt, and build connections along the way.

Lessons From The Block #5: From $2,000 to Seven Figures: Will’s Web3 Journey as an Airdrop Pro

We'll break down the concepts of IDO and ICO, where the hosts share their experiences on capitalizing on these offerings and the intricacies of participating in these offerings.

In the evolving world of cryptocurrency and decentralized finance (DeFi), understanding how projects raise capital is crucial for investors and developers. Two popular methods for funding new projects are Initial Coin Offerings (ICOs) and Initial DEX Offerings (IDOs). Although they share similarities, they represent different fundraising and token distribution approaches. 

In this podcast, we’ll break down these concepts where the hosts, Shadie and Dirk, dive into IDOs and ICOs, sharing their experiences on capitalizing on these offerings and the intricacies of participating in these offerings.

ICOs and IDOs are forms of crowdfunding in the cryptocurrency world, where projects issue tokens to raise funds, but they differ significantly in their structure and platform usage.

) is one of the earliest and most well-known methods of raising funds for new cryptocurrency projects. During an ICO, a project sells tokens directly to investors, often before the token is listed on an exchange. These tokens may represent future utility within a project, or they could serve as investments in the project’s success. ICOs usually occur on a project’s website or through a centralized exchange.

, functions similarly to an ICO, but with one major difference: IDOs occur on decentralized exchanges (DEXs). This allows for a more transparent and decentralized fundraising process, where token sales happen through automated smart contracts, ensuring liquidity from the get-go. 

IDOs operate by allowing investors to purchase tokens via a decentralized platform before the project launches. The process often involves the following steps:

The allure of participating in an IDO or ICO comes from the potential for high returns. Early investors often benefit from purchasing tokens at significantly lower prices than when they hit the open market. However, while the potential for profit is real, so are the risks.

During the podcast, Dirk candidly shared his experience with IDOs during the crypto boom of 2021. “I got wrecked,” he admitted, highlighting how the fast-paced environment led to careless investments. He described how he was caught up in the excitement of the market and began “aping” (investing without much thought) into every IDO he saw. “At one point, I stopped paying attention,” he confessed, leading to significant losses due to scams, liquidity issues, and projects that never delivered.

One major risk of IDOs, as discussed in the podcast, is the potential for scams. In some cases, projects don’t deliver the promised tokens, or worse, they engage in a “

”—where the developers withdraw all the liquidity, leaving investors with worthless tokens.

So, how can investors safeguard their funds when participating in IDOs or ICOs? Several tips were discussed:

Research is crucial before investing in any project. Look for projects with clear project explanations on the whitepaper, active development teams, and transparent roadmaps. “Always watch out for what you ape into,” Shadie warned, emphasizing the importance of due diligence.

2. Look for Transparency and Reputable Backing  

Projects with well-known backers, like venture capital firms or respected influencers, often have more credibility. “If there are prominent names in the list, it’s a good sign,” Dick pointed out, explaining how venture backing can indicate a project’s legitimacy.

If a project seems too good to be true, it probably is. Many scams lure investors in with promises of high returns or exclusive pre-sales. Shadie shared a cautionary tale of a project that burned $5 million in investor funds instead of distributing tokens, leaving everyone empty-handed. 

Projects that actively engage with their community and maintain a strong online presence tend to be more trustworthy. Platforms like Polkastarter, PinkSale, and Bybit Web3 IDO 2.0 offer curated environments where token sales are more transparent and secure. 

While the IDO hype may have cooled down since its peak in 2021, the podcast hosts noted that there are still promising projects emerging. Cross-chain IDOs and new fundraising models are trends worth keeping an eye on, as they could reshape the future of DeFi. These innovations aim to address some of the scalability and liquidity issues seen in traditional IDOs, making the process even more decentralized and secure.

However, the key takeaway from the podcast is to always be cautious. “Pick and choose the projects you like, but be careful,” Dirk concluded. As with any investment, there’s always a balance between risk and reward.

IDOs and ICOs provide exciting opportunities for investors to get involved with new projects at an early stage. While the potential for high returns is enticing, it’s important to approach these opportunities with caution and conduct thorough research. The crypto space is full of both groundbreaking innovation and potential pitfalls. In the closing of the podcast, the hosts mentioned — “Don’t do what we did—invest smartly, and always protect yourself from scams.”

Lessons From The Block #4 Initial DEX Offering (IDO): Early Bird Gets the Tokens

This episode delve into the intricacies of DEXs, breaking down the fundamentals and offering practical strategies for navigating these exchanges efficiently and confidently.

In the world of cryptocurrency, decentralized exchanges (DEXs) have risen as a powerful alternative to traditional centralized exchanges (CEXs). These platforms, which allow for peer-to-peer transactions without intermediaries, offer unique advantages, especially for those who want to be ahead of the curve in trading volatile assets like meme coins. 

In this third episode of “Lessons From the Block,” we delve into the intricacies of DEXs, breaking down the fundamentals and offering practical strategies for navigating these exchanges efficiently and confidently.

YouTube video player

At its core, a decentralized exchange is a platform that operates without a central authority. Unlike centralized exchanges that hold users' funds and execute trades on behalf of users, DEXs allow for direct wallet-to-wallet trading. This autonomy is one of the key attractions for traders, especially those searching for early opportunities in the meme coin market.

The rise of meme coins, which are notorious for their rapid price changes, has propelled DEXs into the spotlight. As co-hosts Shadie and Idriss explain, traders flock to DEXs because these platforms provide early access to newly launched meme coins, which often aren't available on centralized exchanges. In many cases, getting in early on meme coins can make the difference between exponential profits and missing out on a trend entirely.

Why Are DEXs Essential for Early-Stage Trading?

One of the main reasons experienced traders prefer DEXs over CEXs for meme coins is the speed at which new tokens become available. On centralized exchanges, the listing process for a new asset can be lengthy and complex. DEXs, on the other hand, list these tokens almost immediately after their creation, making them accessible to traders eager to catch the next big thing.

Shadie and Idriss emphasize that the decentralized nature of these exchanges provides a level of transparency and control that is unmatched by centralized counterparts. Since transactions on DEXs occur directly on the blockchain, they are fully traceable, allowing traders to monitor market dynamics with greater clarity.

The Mechanics of DEX Trading: Liquidity Pools

To understand how trades happen on DEXs, it’s essential to grasp the concept of liquidity pools. Liquidity pools replace the traditional order book model seen in centralized exchanges. Imagine a liquidity pool as a literal pool of assets—when there's less liquidity, the pool becomes more volatile. As Shadie explains, "The less liquidity there is in the pool, the more volatile it becomes when you jump on the bandwagon." This volatility is analogous to the price swings seen in low-liquidity tokens, such as meme coins.

On decentralized platforms, automated market makers (AMMs) ensure that liquidity pools remain balanced. For instance, if you are trading a meme coin pair, the AMM algorithm automatically adjusts the token balance in the pool based on market activity. This eliminates the need for traditional market makers, ensuring that trades are always possible, albeit with varying levels of slippage depending on liquidity.

One of the most critical aspects of DEX trading is understanding slippage—the difference between the expected price of a trade and the price at which it is actually executed. With highly volatile meme coins, slippage can be a significant issue. The panelists point out that traders often set high slippage tolerances (up to 40%) to ensure their orders are executed quickly, especially during moments of extreme price movement.

However, high slippage comes with risks. If the price fluctuates beyond the trader's set tolerance, the transaction will fail, potentially costing the trader both the opportunity and the gas fees (transaction costs). Experienced traders can adjust slippage according to the type of asset being traded. For example, more stable assets like Ethereum or Bitcoin may require lower slippage settings, while fast-moving meme coins may demand a more aggressive approach.

Despite their advantages, DEXs can be complex to navigate for new traders. Unlike CEXs, which typically offer user-friendly interfaces, DEX platforms vary widely in their layout and registration processes. The panelists share insights into the different ways users can access DEX platforms.

The complexity of decentralized exchanges has historically been a barrier for many traders, but the landscape is evolving. However, the interfaces are becoming more streamlined, and the addition of features such as smart wallet tracking and automated trading bots has made DEX trading more accessible. Today, users can track smart money (i.e., high-value traders) directly on the blockchain, giving them a competitive edge.

When it comes to trading on DEXs, strategy is everything. As the hosts explain, it's crucial to develop a methodical approach. For meme coin traders, this often means using tools like stop-loss orders to mitigate risk. Stop-losses automatically sell assets if their value falls below a certain threshold, helping traders avoid significant losses in a notoriously volatile market.

On the flip side, taking profits is just as important. The panelists also share, that many traders have missed out on profits by holding onto assets too long, only to watch them plummet in value. Setting automated take-profit orders ensures that traders capitalize on gains without monitoring the market 24/7.

The Future of DEX Trading: A Glimpse Ahead

As the podcast moves into a discussion about the future of decentralized exchanges, the panelists also highlight several emerging trends. One of the most exciting innovations is the rise of trading bots that integrate directly with platforms like Telegram. These bots enable traders to execute orders remotely, providing flexibility that wasn’t previously available.

There is also an increasing adoption of decentralized trading on non-Ethereum chains like Solana and Binance Smart Chain. As transaction fees on Ethereum rise, these alternative chains offer cheaper and faster solutions for traders.

Looking ahead, both hosts agree that Ethereum is likely to regain its dominance in the DEX space as Layer 2 solutions, such as Ethereum 2.0, reduce gas fees and improve transaction speeds.

Decentralized exchanges represent the cutting edge of cryptocurrency trading. By providing early access to new tokens, greater transparency, and more control over trades, they have become an essential tool for serious traders. However, mastering the art of DEX trading requires an understanding of liquidity, slippage, and strategy.

For those looking to enter the world of DEX trading, start small, learn the intricacies of the market, and always be prepared to adapt. As decentralized finance (DeFi) continues to evolve, so too will the tools and strategies needed to succeed in this fast-paced environment.

#BybitPodcast #TheCryptoArk #LearnwithBybit

Lessons From The Block #3: The Art of Boss-level Trading on Decentralized Exchanges (DEXs)

The episode delves into various types of airdrops—retroactive, holder, and task-based—while providing practical guidance on discovering, tracking, and safely engaging in these opportunities. Find out more.

In this episode, the concept of crypto airdrops is broken down in a fun and engaging way, making it easy for both beginners and seasoned crypto enthusiasts to understand. Airdrops, illustrated through relatable analogies, are presented as a distinctive and low-risk way to enter the decentralized finance (DeFi) and Web3 space. The episode delves into various types of airdrops—retroactive, holder, and task-based—while providing practical guidance on discovering, tracking, and safely engaging in these opportunities. By the end, listeners gain valuable insights into the pivotal role airdrops play in the growing DeFi ecosystem and why they should consider participating in them.


At the core, crypto airdrops are a promotional tool used by blockchain projects to distribute free tokens to targeted audiences. The hosts describe them as the digital equivalent of free samples in a supermarket—a way for new or upcoming crypto projects to spread the word and reward early supporters. Airdrops serve multiple purposes: they help projects gain visibility, build community, and decentralize token ownership by distributing tokens to a wide range of users.

The episode cleverly compares airdrops to discovering a treasure map in the world of crypto, whether on an exchange, crypto airdrops farming platforms, or a social media platform like X. While airdrops are free, they require some level of participation, be it holding certain tokens, performing specific tasks, or being an early project user.

 These airdrops are designed to reward users who have previously engaged with a platform. The episode references Uniswap as an example, which distributed UNI tokens to its early users after the token’s launch. Retroactive airdrops foster loyalty and incentivize early adopters, making them highly sought after within the DeFi community.

 As the name implies, holder airdrops are distributed to individuals who already possess specific tokens in their wallets. The hosts compare this to being a loyal customer of a brand and receiving exclusive benefits. These airdrops encourage long-term holding and help strengthen the community surrounding a particular token or project.

 These require participants to complete certain actions, such as following a project on social media, joining its community, or completing tasks on its platform. The hosts liken these airdrops to a scavenger hunt, where completing tasks leads to the reward of free tokens. They are particularly popular among emerging projects aiming to increase engagement and expand their user base.

How to Safely Find and Participate in Airdrops

The episode offers practical advice on safely identifying and participating in airdrops, starting with the importance of using reliable resources and platforms. Tools like CoinMarketCap’s airdrop calendar and platforms like Bybit Airdrop Arcade are recommended for tracking active and upcoming airdrops.

To ensure safe participation, the hosts emphasize the importance of avoiding scams. They advise users to verify the legitimacy of airdrops, use secure wallets, and never share private keys or personal information. Additionally, they suggest using a separate wallet for airdrops to mitigate potential risks.

The episode wraps up with a forward-looking perspective on how airdrops are shaping the future of the DeFi ecosystem. As more projects launch in the Web3 space, airdrops are becoming an increasingly popular way to distribute tokens and build community. The hosts argue that airdrops will continue to play a key role in decentralizing ownership and rewarding users, making them a significant part of any crypto enthusiast's journey.

Conclusion: Start Hunting for Airdrops Today

Crypto airdrops present an exciting and low-risk opportunity to participate in the DeFi and Web3 revolution. Whether through retroactive rewards, holding tokens, or completing tasks, airdrops offer a chance to earn free tokens and become part of innovative blockchain projects. By following the tips shared in this episode, you can safely track and maximize your chances of scoring tokens, all while contributing to the growing decentralized ecosystem. The message is clear: start hunting for airdrops today, and you might just discover your next big crypto win.

#BybitPodcast #TheCryptoArk #LearnWithBybit

Lessons From The Block #2: Why Your Crypto Wallet May Be Missing Out?

Centralized exchanges serve a purpose, especially for newcomers, but to truly leverage the power of blockchain and decentralized systems. Listen to the full episode.

In this episode, we offer a thoughtful and engaging exploration of crypto trading by examining the role of Centralized Exchanges (CEXs) within the ever-evolving and dynamic cryptocurrency ecosystem. While CEXs serve their purpose, they may fall short for those aiming to fully capitalize on the vast opportunities in the crypto space without embracing the aspect of decentralization. As we suggest, a more robust solution is required—something larger, more resilient, and designed for long-term success. This is where Decentralized Finance (DeFi) comes into play, especially for those seeking greater rewards, enhanced control, and more freedom in their trading activities, DeFi emerges as a compelling alternative.

The Limitations of Centralized Exchanges (CEXs)

While CEXs are ideal for beginners and offer a user-friendly experience, they fall short in several critical areas:

The hosts share personal experiences of frustration with these limitations, highlighting how centralized exchanges, while CEX possesses a higher sense of security and convenience, it can leave users feeling constrained. This realization ultimately led them to explore decentralized finance, a much larger and more open ecosystem.

Exploring the World Decentralized Finance (DeFi)

DeFi marks a significant evolution in how users engage with financial systems, particularly within the cryptocurrency space. The hosts share their initial experiences with DeFi, highlighting how it enabled them to take full control of their assets.

In the DeFi ecosystem, the opportunities are extensive:

The hosts acknowledge that while DeFi may appear complex at first, the benefits of owning crypto assets and engaging with decentralized protocols far outweigh the initial learning curve. 

Conclusion: Embark on Your DeFi and Web3 Journey

For those serious about realizing the full potential of cryptocurrency, it's time to explore DeFi and Web3. Centralized exchanges serve a purpose, especially for newcomers, but to truly leverage the power of blockchain and decentralized systems, stepping into the world of DeFi and Web3 is essential.

It's not merely about higher returns or more diverse financial products—it's about taking ownership of your assets and becoming an active participant in the future of finance. Why settle for a small boat when you can build an ark? 

Dive into DeFi and begin your Web3 journey today.

Lessons From The Block #1: How CEXs Can Evolve with Web3 and DeFi Integration

"Lessons From The Block" is a dynamic podcast series exploring the hottest crypto trends. Each episode dives deep into the latest developments, market movements, and innovations shaping the crypto ecosystem. From emerging tokens to groundbreaking blockchain technology, the podcast uncovers everything exciting about the crypto space. Whether you're a seasoned trader or just curious about digital assets, "Lessons From The Block" delivers insightful discussions, expert interviews, and practical lessons to keep you ahead in the ever-evolving world of crypto.

Altcoins

Blockchain

Crypto

DeFi

GameFi

Indicators

Investing

Artificial Intelligence

Metaverse

Memes

Options

Stablecoin

Staking

Strategies

Trading

Web 3.0

Web3 Experts

Live ICYMI

Lessons From The Block

Lessons From The Block #8: Bybit CEO Ben Zhou Shares Innovations and Insights to Wrap Up 2024

Podcast

Lessons From the Block #7: Unveiling the Bybit Card Benefits and Features

Podcast

Lesson From The Block #6: Expanding Horizons in Trading with Bybit's Gold & FX

Podcast

Lessons From The Block #5: From $2,000 to Seven Figures: Will’s Web3 Journey as an Airdrop Pro

Podcast

Lessons From The Block #4 Initial DEX Offering (IDO): Early Bird Gets the Tokens

Podcast

Lessons From The Block #3: The Art of Boss-level Trading on Decentralized Exchanges (DEXs)

Podcast

Lessons From The Block #2: Why Your Crypto Wallet May Be Missing Out?

Podcast

Lessons From The Block #1: How CEXs Can Evolve with Web3 and DeFi Integration

Podcast