Dubai, UAE, July 22nd, 2026 - Bybit, the cryptocurrency exchange that ranks second globally by trading volume, has started the Squad Gold Rush referral campaign to incentivize community growth and reward collaborative recruiting efforts. The promotion runs now through Aug. 18, 2026 at 11:59 p.m. UTC and offers a squad prize pool that may reach as much as 100,000 USDT for distribution among the top 100 referral teams, together with lucky-draw opportunities featuring XAUT and other promotional airdrops.
The campaign is structured to credit teams for both direct referrals and qualifying referrals generated by users they invite. Every eligible first-time deposit - known in the program as an EFTD - completed by a qualifying referral counts as one point toward a team 's total score, enabling participants to improve their standing through coordinated recruitment.
To join the contest, eligible users must log into their Bybit account, visit the specified event page, and opt in. Points are earned when a new user registers using the participant 's unique referral link or invitation code, completes identity verification (KYC), deposits at least $100, and records at least $10 in trading volume within seven days of registration. Additionally, referrals brought in by users who were themselves invited will contribute to the originator 's team score, provided the inviter has joined the campaign.
When the campaign ends, the leaderboard will identify the top 100 teams by verified referral points to divide the final USDT squad prize pool. The exact size of the top-tier prize allocation will be set according to the aggregate verified referral points collected across the community, up to the advertised maximum of 100,000 USDT. Individual rewards within each squad will be computed using the formula: Individual Points divided by Total Team Points, multiplied by the Team Prize Pool Allocation. Entrants must secure at least two successful referrals during the campaign window to qualify for squad payouts. In the event of a points tie between squads, the team that reached the tied score earlier will hold the higher ranking.
Leaderboards will remain provisional until Bybit completes its risk review process. Subject to that review, the exchange expects to distribute squad rewards in USDT within 10 business days after the campaign concludes. Lucky-draw rewards will also be distributed as USDT airdrops in accordance with the campaign terms, though the amount actually received by winners may change with market movements affecting the featured reward.
Lucky-draw mechanics are layered on top of the squad competition. Each participant gains one lucky-draw chance for every two valid referrals; they receive an additional chance for every five valid referrals and another for every 10 valid referrals. The rules cap individual lucky-draw opportunities at a maximum of 17 cumulative chances per person. Qualifying referred users who meet the $100 deposit and $10 trading thresholds will also earn a lucky-draw chance for themselves. Prize highlights for the lucky draw include XAUT with a displayed value as high as $10,000, alongside other promotional airdrops detailed by the platform.
Bybit specifies which deposit types qualify toward the EFTD requirement. Eligible funding methods include fiat deposits, cryptocurrency transfers, one-click buy transactions, and peer-to-peer purchases. Deposits funded via bonuses, coupons, or transfers from another Bybit account do not satisfy the deposit requirement. Internal transfers between Bybit accounts are explicitly excluded.
To maintain the integrity of the campaign and guard against abusive behavior, Bybit has applied a set of risk controls. Practices that may lead to disqualification include self-referrals, duplicate identity-verification submissions, subaccount looping, and device or IP activity patterns that suggest reward farming. Tournament and airdrop distributions will therefore be subject to compliance and risk-control reviews as part of the finalization process.
Product availability and eligibility for the campaign can vary by jurisdiction, and participants remain bound by the applicable terms and conditions governing Bybit services. The promotion is not open to residents of the European Economic Area or other restricted jurisdictions as outlined in the campaign rules.
For media or public inquiries related to the campaign, Bybit lists [email protected] as a contact. The exchange presents the Squad Gold Rush as a promotion intended to combine viral referral mechanics with layered reward structures - leaderboard payouts for teams and a parallel lucky draw for individuals - while enforcing verification and anti-abuse measures prior to final distribution of prizes.