The crypto exchange ByBit is working with Save the Children on its annual ByBit Games trader competition.
In fact, Save the Children will receive a donation from ByBit equal to 5% of the prize pool provided, in order to help its efforts to ensure that every child has a healthy childhood, the opportunity to learn, and is protected from harm.
This year’s contest is called “BTC Brawl” and has a maximum prize pool of 100 BTC or just over 700,000 dollars. The donation to Save the Children is estimated to be between 1 and 5 BTC.
Registration for the competition began on November 18th and will last until December 13th, 2019. Up to now, more than 5,000 traders have already joined BTC Brawl, while the competition at the beginning of the year, the Korea Competition, attracted 1,636 entries.
BTC Brawl members also benefit from a 20% discount on trading fees, plus a $50 bonus for participation in the contest.
Save the Children’s global digital manager, Ettore Rossetti, said:
“Save the Children is excited and grateful to work with Bybit in this new endeavor. Crypto-philanthropy is an exciting and new frontier of giving. Thanks to Bybit and Bybit customers, we will be able to further our ambition in reaching the most marginalized children around the world”.
CEO and co-founder of the exchange, Ben Zhou, hopes that working with Save the Children will encourage other companies in the crypto industry to do the same and engage with charities on a regular basis.
“We are working to make Bybit Games a series of recurring events, and this partnership with Save the Children will certainly see us working with them again in the future. In business, as with everything, it is important to always give something back. Save the Children is engaged in vital work around the world, and anything that we can do to help support that is important – a view we believe our customers share”.