Byvote is a popular event hosted by a leading cryptocurrency exchange that allows users to vote on new token listings and earn free airdropped tokens in return. It’s an excellent way to potentially earn rewards ranging from $30 to $50 worth of tokens per session—without any cost—simply by participating in the exchange’s community voting process.
In this guide, we’ll walk you through how Byvote works, what you need to get started, and the step-by-step process to maximize your rewards.
Understanding the Byvote Event
Byvote is a periodic event where users can vote on which new token they would like to see listed on the exchange. The winning token gets listed, and all users who voted for it receive a share of the airdropped tokens.
Key features of Byvote:
- Three new tokens are typically listed for voting each session.
- Users vote using tickets earned by holding stablecoins.
- The token with the most votes is listed on the exchange.
- Voters for the winning token receive free airdropped tokens.
This event is essentially a way for the exchange to reward its active community members while also deciding which assets to add to its platform.
Participation Requirements
To join a Byvote session, you need to meet three simple conditions:
- Have an account with the exchange.
- Complete identity verification (KYC).
- Hold stablecoins in your account during the snapshot period.
The amount of stablecoins you hold directly correlates with how many voting tickets you receive, which in turn affects your share of the airdrop.
Step-by-Step Guide to Byvote Participation
The Byvote event is structured into four main phases. Here’s what happens in each:
1. Snapshot Phase
During this phase, the exchange takes a snapshot of users’ stablecoin balances. Only balances held at the exact time of the snapshot are counted.
- Accepted stablecoins: USDT, USDC, BUSD, DAI, USDD, and CUSD.
- Balances from Spot, Funding, Derivatives, and Earn (excluding certain products like Liquidity Mining) are considered.
- Each USDT-equivalent gives you one voting ticket.
You don’t need to keep your stablecoins in your account after the snapshot—you’re free to move or use them once the snapshot is complete.
2. Voting Phase
After the snapshot, you’ll receive voting tickets equivalent to your stablecoin balance. For example, holding 30,000 USDT would give you 30,000 tickets.
However, you can only assign a maximum of 10,000 tickets per token. To use your tickets effectively, you should distribute them wisely among the candidates.
Since vote counts are hidden until after you vote, many participants use community forums or groups to share updates and coordinate voting.
👉 Explore voting strategies and community insights
3. Distribution Phase
Once voting ends, the exchange calculates the airdrop allocation. Your share is proportional to the number of tickets you used for the winning token.
Example:
- Total airdrop = 50,000 tokens
- Total votes for the winner = 1,000,000
- Your votes = 10,000
- Your reward = (10,000 / 1,000,000) * 50,000 = 500 tokens
Tokens are distributed directly to your Unified Trading Account.
4. Listing and Results Announcement
The winning token gets listed on the exchange. You can then trade, hold, or sell your airdropped tokens based on your preference.
This is when you can finally realize your rewards—often a exciting conclusion to the voting process.
Tips for Maximizing Your Rewards
- Hold enough stablecoins to earn sufficient tickets—but remember the 10,000-ticket cap per token.
- Participate in community discussions to stay informed about voting trends.
- You don’t need to lock your stablecoins for the entire event—only during the snapshot.
Frequently Asked Questions
What is Byvote?
Byvote is a community voting event where exchange users decide which new token gets listed. Participants who vote for the winner receive free airdropped tokens.
Do I need to pay to participate?
No. Byvote is free to join. You only need to hold stablecoins during the snapshot period.
Which stablecoins are accepted?
USDT, USDC, BUSD, DAI, USDD, and CUSD are all eligible.
Can I vote for more than one token?
Yes. You can distribute your tickets across multiple tokens, but each token can receive a maximum of 10,000 votes per user.
When will I receive my airdropped tokens?
Tokens are distributed after the voting ends and before the official listing. You can check your Unified Trading Account for incoming airdrops.
How do I know which token is winning?
The exchange does not display live results. Many users share updates through external communities and social platforms.
Byvote offers a simple and engaging way to be part of the exchange’s growth while earning free tokens. Whether you're a new or experienced user, this event can be a rewarding addition to your crypto activity.
Stay informed, plan your stablecoin holdings, and use your votes wisely. Happy voting!