Bybit, the second-largest cryptocurrency exchange in the world, announced record results for participation in its Megadrop Phase 7 program, where users staked over 100 million USDT in the first 14 hours.
Record User Participation
Since the launch of COA tokens on July 18 at 12 PM UTC, the Megadrop program has attracted significant attention from participants. The total staked amount reached 105 million USDT. Statistics show that the associated 30-day USDT Earn product was completely unlocked within the first four hours, while the 14-day pool sold out in the next ten hours.
COA Token and Its Features
COA is the native token of the decentralized Alliance Games network, integrating AI-driven game creation, blockchain-integrated multiplayer networks, and a distributed work node system. The COA token powers the entire ecosystem, allowing developers to access infrastructure, node operators to earn rewards, and users to stake, govern, and unlock advanced features.
Megadrop Program Highlights
The Megadrop program on Bybit provides a structured and educational approach to participation with dual rewards. Participants receive not only regular APR returns from fixed-term savings programs but also shares of new token airdrops proportionate to their subscription amount based on the completion of optional educational tasks.
Megadrop Phase 7 on Bybit showcases significant user interest in new tokens and the effectiveness of the company's innovative approach to token distribution. This success may set a precedent for future projects.
