Feb 7
ByVotes procedure on ByBit
We hasten to announce the ByBit voting, which will take place from February 9, 2023 at 03:00 UTC (06:00 UTC+3) to February 10, 2023 at 02:59 UTC (05:59 UTC+3).
Voters wishing to contribute to the MDAO vote distribution need to do a few things:
- Register on ByBit.
- Pass the identity verification Lv. 1. If you pass the verification, you can get an additional 50-vote ByVotes bonus coupon. Passing KYC is not required for voting.
- Top up your account before February 8, 2023 23:59 UTC (February 09, 2023 02:59 UTC+3) with stablecoins USDT, USDC, USDD, CUSD, BUSD or DAI. Top up early to be able to get votes.
On February 8, 2023 at 23:59 UTC (February 09, 2023 at 02:59 UTC+3) ByBit will take a snapshot of participants’ balances and distribute votes according to wallet balances. 1 USD = 1 vote.
- Vote for MDAO between February 9, 2023 03:00 UTC (06:00 UTC+3) and February 10, 2023 02:59 UTC (05:59 UTC+3) so that MDAO get the most votes and community support.
The voting page will be available from February 9, 2023, 03:00 UTC (06:00 UTC+3) to February 10, 2023, 02:59 UTC (05:59 UTC+3). You can find it on the exchange website in the Trade section, then ByVotes or by clicking here.
The ByVotes page provides information about the voting process and start time.
Put a reminder on this event so you don’t miss voting from February 9, 2023 at 03:00 UTC (06:00 UTC+3) to February 10, 2023 at 02:59 UTC (05:59 UTC+3).
To receive votes, top up your account by February 8, 2023 at 23:59 UTC (February 09, 2023 at 02:59 UTC+3) with the stablecoins USDT, USDC, USDD, CUSD, BUSD or DAI and receive votes after the balance snapshot period is over.
Users’ balance snapshots will be taken from Spot, Funding, Derivatives (or Unified Margin Account/United Trading Account and Inverse Derivatives Account) and Earn (Bybit Savings and Launchpool) accounts.
The number of accrued votes and the results of a snapshot of account balances can be seen in the “User Center” section, “My Current Votes” tab.
You can vote only from the main account.
Voting will open on February 9, 2023 at 03:00 UTC (06:00 UTC).
From the moment voting is opened, the “Vote” button will appear on the ByVotes page. To vote, you need to select a project, click the “Vote” button, specify the number of votes for the project and confirm the vote.
Voting results will be posted after the end of voting.
Users who voted for the project will receive an award from the total prize fund in MDAO when MDAO surpasses other participants by the voting results. Rewards will be distributed four hours after the end of voting on users’ spot accounts. The results of the distribution of awards can be seen in the “User center” section.
Our ecosystem prize pool: 384,615 MDAO ~ 150,000 USDT.
Read the voting rules to avoid violations of the order of distribution of votes among the participants, as well as the rules for the provision of services.
The allocated votes after the account balance snapshots are taken will be listed under User Center.
Voting is available on the ByVotes page.
To vote, go to the ByVotes page.
On the project tab, click Vote Now.
Specify the number of votes or select Max.
To use votes from an existing coupon, check the Use Voting Coupons box. In this way you will be able to vote with both the coupon and the accrued votes, up to a maximum of 10050 votes.
Note that if a coupon is not immediately selected and the maximum number of votes entered, it will no longer be possible to apply the coupon to the current vote.
Click Confirm to vote.
Done! You successfully voted.
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