Toobit launches $1M rewards campaign with Chris Sharma
Summary
- Toobit, with Chris Sharma, unveils a $1 million trading campaign offering crypto prizes, high-end devices, and branded merchandise.
- The promotion rewards users for onboarding, deposits, and trading activity across various platform services.
- Toobit also spotlights its $50 million risk reserve fund, protecting traders against platform-related incidents—but not market risks.
Toobit, a cryptocurrency exchange based in the Cayman Islands, announced the launch of a trading campaign featuring a $1 million prize pool, according to a company statement.
The campaign, titled “Trails to Triumph with Chris Sharma,” includes participation from professional rock climber Chris Sharma, who serves as the company’s brand ambassador. The initiative targets both experienced and new traders through a series of tasks across the platform’s services.
Toobit offers rewards
The promotion offers rewards through three categories: starter quests for onboarding, tiered funding milestones for deposit activity, and daily trading activities across spot, futures, copy trading, and event contracts, according to the exchange.
The $1 million prize pool comprises monetary rewards and physical items including iPhone 17 Pro devices and Apple Watch Series 11 units. Participants can claim cryptocurrency, vouchers with bonuses up to 200, token airdrops of popular cryptocurrencies, and limited-edition Toobit merchandise, the company stated.
“Every great journey, whether conquering a climbing route or navigating the crypto markets, requires calculated strategy and determination,” said Mike Williams, the company’s Chief Commercial Officer. “The community is being invited to explore the full breadth of Toobit, where hitting these trading and deposit milestones turns focus and strategy into tangible, high-value rewards.”
Participation requires registration on a dedicated campaign page, with full details and requirements available on Toobit’s official website, according to the announcement.
Sharma is recognized as one of the most accomplished rock climbers in the sport’s history.
In October, Toobit introduced a $50 million fund described as a risk reserve providing automatic protection for traders against losses from platform incidents. The fund compensates users in cases of hacks or platform disruptions and activates automatically upon a trader’s first deposit. The exchange maintains a public dashboard displaying the fund’s total value in real time.
“The safety of traders’ funds is the bedrock of everything the company does,” Williams stated at the time. “The Shield Fund gives every trader an automatic safety net, so trading can proceed worry-free.”
The fund does not cover losses from personal account compromises, individual trading decisions, or market volatility, according to the exchange.
