How to vote on Bybit ByVotes? (Free airdrops)

Understanding ByVotes Mechanics

1. ByVotes is a community-driven voting platform integrated into the Bybit ecosystem, allowing users to cast votes on token listings, protocol upgrades, and ecosystem initiatives.

2. Voting power is derived from holding specific assets—primarily BYB tokens staked in designated vaults or held in spot wallets with minimum balance thresholds.

3. Each vote requires locking BYB for a fixed duration, typically ranging from 7 to 30 days depending on the campaign’s parameters.

4. Users must complete KYC Level 2 verification before participating in any ByVotes session to comply with regulatory requirements.

5. Votes are non-transferable and cannot be revoked once submitted; they remain active until the voting period concludes.

Navigating the Voting Interface

1. Access ByVotes through the “Discover” tab on the Bybit web platform or via the mobile app’s “More” section under “Ecosystem Tools.”

2. Active campaigns display clear deadlines, required stake amounts, vote weight multipliers, and historical participation metrics.

3. A real-time vote tracker shows aggregated distribution across options but does not reveal individual voter identities.

4. Users can preview vote impact using the built-in simulation tool that estimates how their stake influences outcome probability based on current totals.

5. Confirmation screens include gas-free transaction prompts since all voting operations occur off-chain with final settlement recorded on Ethereum Layer 2.

Eligibility and Token Requirements

1. Minimum eligibility threshold starts at 100 BYB held in a verified spot wallet or staked in the BYB Flexible Vault.

2. Holding BNB or USDT in designated liquidity pools may grant auxiliary voting weight bonuses up to 25%, subject to campaign-specific rules.

3. Accounts flagged for suspicious activity—including rapid deposit/withdrawal cycles or use of shared IP addresses—are automatically excluded from participation.

4. Multi-signature wallets and institutional accounts require pre-approval from Bybit’s Governance Team before casting ballots.

5. Voting rights expire if BYB holdings fall below the minimum requirement during the lock period, resulting in automatic vote invalidation.

Airdrop Distribution Logic

1. Free airdrops are allocated proportionally to total vote weight contributed, not per-user count, ensuring larger stakeholders receive commensurate rewards.

2. Tokens distributed originate from project treasuries, not Bybit’s internal reserves, and are subject to vesting schedules outlined prior to campaign launch.

3. Claim windows open exactly 72 hours after voting concludes, accessible only through the same Bybit account used during participation.

4. Unclaimed airdrop tokens are forfeited after 30 calendar days and redistributed to active liquidity providers within the corresponding trading pair.

5. Airdrop eligibility requires zero pending withdrawals or open margin positions at the time of snapshot, enforced via on-chain balance verification.

Frequently Asked Questions

Q: Can I vote using BYB held on external wallets? No. Only BYB balances held directly within Bybit’s custody system qualify for voting. External wallet addresses—even when connected via WalletConnect—are excluded from eligibility checks.

Q: Do delegated votes count toward airdrop allocation? Delegation is not supported. All votes must originate from the user’s own verified Bybit account. Third-party delegation contracts are neither recognized nor processed.

Q: What happens if I unstake BYB before voting ends? Early unstaking triggers immediate vote cancellation. The system performs continuous balance validation every 6 hours during active campaigns.

Q: Are airdropped tokens immediately tradable upon claim? Not always. Some distributions include mandatory lock-up periods ranging from 0 to 90 days, clearly disclosed in the campaign terms before voting begins.