Toobit Unleashes $150K Grid Bot Challenge for Traders

Toobit, a cryptocurrency exchange, has launched a challenge for traders to use its Futures Grid Bot tool. The '150,000 USDT Futures Grid Bot Challenge' runs from July 30 at 10:00 UTC through August 20 at 10:00 UTC.

The challenge offers four activities with prize pools totaling 150,000 USDT. Traders who complete their first trade using the bot receive a reward of up to 10 USDT in Activity 1.

Activity 2 focuses on mitigating downside exposure by offering subsidies for bots that run for at least 12 hours and incur losses. The subsidy amount ranges from 20% to 100% of the loss, up to 100 USDT.

In Activity 3, traders can customize core parameters such as price ranges, grid quantities, leverage, or investment amounts to earn rewards. Enabling auto-reserve margin earns an additional 5 USDT.

The challenge builds on Toobit's recent upgrade to its Futures Grid Bot tool, which helps traders navigate volatile markets and avoid premature liquidations.