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Bybit promises $5,020 in "Bonuses and Mystery Boxes" on signup. Also 200USDT and an iPhone 15 for referrals. Exchange marketing gone wild.

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Bybit promises $5,020 in "Bonuses and Mystery Boxes" on signup. Also 200USDT and an iPhone 15 for referrals. Exchange marketing gone wild.

I am not sure if this is related to the drying up of liquidity on exchanges but Bybit is really out there with it's marketing. To be clear, I am not a user of Bybit and was just browsing the site to see what kind of wacky terms of service crypto traders are accepting without reading it. But I ended up learning about Bybit's REALLY aggressive marketing. It's hard to say if they were always like this or recently became so in an effort to stall falling trading revenue experienced across the sector.

All I did was enter the webpage to be greeted with promises of 200USDT and an iPhone 15.

https://preview.redd.it/o9lyljfmkqzb1.png?width=446&format=png&auto=webp&s=0d5f3ab96fef6f390eff4df56a4e3bf3a1bc4013

Further to this, on the main page there is also a signup bonus where you can (supposedly) earn up to $5000USD.

https://preview.redd.it/70buwanukqzb1.png?width=740&format=png&auto=webp&s=bc5024106ed4d147081268e66e688a4ed0f0c2e2

And then what's even more is if you try to navigate away from the signup page, you suddenly be halted and promised another $20 in reward if you just sign up.

https://preview.redd.it/hjlzyhcflqzb1.png?width=937&format=png&auto=webp&s=5f3bcf238889b81a9435397b29a4e97e22445e27

Of course, all of us know that these are only offers to potentially earn these sums and products and it will be impossible for the vast majority of people to do so. The amount of referrals you need to earn anything decent is probably ridiculously high and the amount of actions you'd need to take take to meet the criteria and redeem will be extensive. In the massive longshot you did earn anything significant, the exchange would have made way more money off of you than you did from it. Most of the promises of big cash rewards are often prize pools were you may only earn a few dollars at the end of it anyhow.

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