Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced that its Megadrop Phase 7 project featuring COA tokens has achieved record-breaking participation, with users staking over $100 million USDT within the first 14 hours of launch.
After COA (Alliance Games) went live on Bybit Megadrop at 12PM UTC on July 18, the associated 30-day USDT Earn products was completely unlocked within four hours, while the 14-day pool sold out in the next 10 hours. The total staked amount was valued at 105 million USDT.
COA is the native token of the decentralized network Alliance Games, which integrates AI-driven game creation, blockchain-integrated multiplayer networks, and a distributed work node system. The COA token powers the entire ecosystem: holders who are developers can use it to access infrastructure, node operators can earn rewards, and users can stake, govern, and unlock advanced features.
Bybit Megadrop provides a structured and educational approach with dual rewards. Participants not only receive their regular APR returns from savings plans but also gain shares of new token airdrops proportionate to their subscription amount and based on completion of optional educational tasks.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
