Chris Sharma Leads Toobit's $1M Trading Rewards Initiative

Toobit, a cryptocurrency exchange located in the Cayman Islands, has announced a new trading campaign called “Trails to Triumph with Chris Sharma,” featuring a prize pool of $1 million. The promotion aims to engage both experienced and novice traders through various tasks linked to the platform’s services.

Key Takeaways

Toobit launches a $1 million rewards campaign with brand ambassador Chris Sharma.
The campaign includes tasks designed for both new and experienced traders.
Participants can win monetary rewards, devices, and Toobit merchandise.
A separate $50 million risk reserve fund protects traders against platform-related losses.
Full details can be found on Toobit's official website.

Chris Sharma fronts Toobit’s $1M trader rewards push - 1

Toobit Launches $1 Million Trader Rewards Campaign

Toobit, a cryptocurrency exchange situated in the Cayman Islands, has introduced an exciting trading campaign with a total prize pool of $1 million, as detailed in a recent company announcement. This initiative, titled “Trails to Triumph with Chris Sharma,” features professional rock climber Chris Sharma as the brand ambassador. It is designed to engage traders of all experience levels through a variety of tasks utilizing the platform’s services.

Exploring Toobit's Rewards

The campaign offers participants rewards in three main categories: tasks aimed at onboarding new users, tiered funding benchmarks for deposit activities, and daily trading tasks across spot trading, futures, copy trading, and event contracts. The total prize pool includes both monetary rewards and physical items like the latest iPhone 17 Pro and Apple Watch Series 11. Contestants can also earn bonuses in cryptocurrency, vouchers offering up to 200% in bonuses, token airdrops of well-known cryptocurrencies, and exclusive Toobit merchandise.

Mike Williams, the Chief Commercial Officer of Toobit, emphasized the importance of strategy and determination in both climbing and trading: “Every great journey, whether conquering a climbing route or navigating the crypto markets, requires calculated strategy and determination. The community is being invited to explore the full breadth of Toobit, where hitting these trading and deposit milestones turns focus and strategy into tangible, high-value rewards.”

To participate, users must register on a special campaign page, with complete details and requirements available on Toobit's official website.

Safety First: The $50 Million Shield Fund

In October, Toobit also established a $50 million risk reserve fund, designed to offer automatic protection for traders against losses stemming from platform-related incidents. This fund compensates users in the event of hacks or other disruptions and is activated with a trader’s first deposit. The exchange maintains a public dashboard that shows the fund’s total value in real-time.

Williams highlighted, “The safety of traders’ funds is the bedrock of everything the company does. The Shield Fund gives every trader an automatic safety net, so trading can proceed worry-free.” However, it is important to note that this fund does not cover losses caused by individual account compromises, personal trading decisions, or market fluctuations.