Crypto Exchange Toobit Announces a Campaign With a Prize Pool of $1 Million

Toobit, a cryptocurrency exchange headquartered in the Cayman Islands, launched a special campaign with the participation of the world-renowned climber Chris Sharma.

The initiative aims to reward traders for completing various tasks.

The $1 Million Prize Pool

Toobit’s newest campaign, called “Trails to Triumph with Chris Sharma,” will encourage both experienced and new traders to explore the exchange’s diverse features and services.

It will reward clients with lucky entries for completing various tasks across three categories: starter quests for quick onboarding, tiered funding milestones for deposit activity, and daily climbs that reward regular trading across spot, futures, copy trading, and event contracts.

The campaign’s total prize pool is $1 million, composed of funds and physical rewards such as iPhone 17 Pro, Apple Watch Series 11, and more. Traders will also be allowed to claim crypto and vouchers, including bonuses worth up to 200 USDT and token airdrops involving DOGE and TON. Additionally, the exchange will offer limited-edition Toobit merchandise. Speaking on the initiative was the company’s CCO, Mike Williams:

“Every great journey, whether conquering a climbing route or navigating the crypto markets, requires calculated strategy and determination. We’re inviting our community to explore the full breadth of Toobit, where hitting these trading and deposit milestones turns their focus and strategy into tangible, high-value rewards.”

Those willing to participate must first register on the dedicated campaign page provided by the exchange. They should also check the full details and requirements of the promotion on Toobit’s official website.

The initiative is driven by the company’s Brand Ambassador, Chris Sharma, a legendary rock climber widely considered one of the greatest in the history of the sport.

The Multi-Million Fund

In October, the exchange introduced a $50 million fund, described as “a proactive risk reserve that provides free, automatic protection for all Toobit traders against losses from unforeseen platform incidents.”

It ensures that users receive compensation in the event of a hack or platform disruption. The initiative is automatically activated the moment a trader makes their first deposit, while Toobit displays a live, 24/7 public dashboard which shows the fund’s total value.

“The safety of our traders’ funds is the bedrock of everything we do. The Shield Fund gives every trader an automatic safety net, so you can trade worry-free,” CCO Mike Williams said at the time.

It is worth noting that the fund does not cover losses resulting from personal account compromises, trading decisions, or market volatility.