The major cryptocurrency exchange Bybit has launched a new round of voting through its ByVotes mechanism, this time featuring the PENGUIN token. The initiative allows users not only to influence potential token listings but also to receive crypto rewards for their participation.
What is ByVotes?
ByVotes is a community-driven voting system introduced by Bybit that enables users to support promising crypto projects seeking a spot on the exchange’s spot market. Eligible participants receive voting vouchers based on the amount of supported stablecoins held in their accounts. These vouchers can be used to vote for selected projects. If a token reaches the required number of votes and successfully passes internal checks, it gets listed on Bybit, while voters share a reward pool.
In the latest ByVotes round, PENGUIN has attracted significant attention from the community. Shortly after the voting opened, millions of votes were cast, indicating strong interest in the project and its growth potential within the crypto ecosystem.
What rewards can users expect?
According to the campaign conditions, users who vote for PENGUIN become eligible for a share of the reward pool. In practice, this means participants can earn approximately $5-10 worth of tokens, which will be credited to their spot wallets after the voting ends and the token is successfully listed.
How to participate:
- Complete identity verification on the Bybit platform.
- Hold supported stablecoins (such as USDT or USDC) in your account to receive voting vouchers.
- Use the vouchers to vote for PENGUIN during the active ByVotes period.
ByVotes continues to grow in popularity among crypto users, as it combines community participation with tangible rewards. For traders and investors, it offers a low-risk way to support new projects and earn additional crypto assets through simple voting.
