Participation in this event requires completion of Identity Verification Lv. 1 before participating in this event. Only Main Accounts are eligible to participate. Sub-accounts are not eligible. Bybit reserves the right to verify eligibility at any time and to disqualify or suspend any participant found not to meet these requirements.
xStocks do not confer shareholder voting rights or dividend rights in the underlying issuer. xStocks holders have no direct legal or beneficial ownership interest in the shares or equity of the underlying issuer and hold no claim against the underlying issuer. xStocks represent a tokenized exposure to the economic performance of the underlying reference asset only, subject to the terms and conditions of the xStocks product.
This event is available to users who have attained VIP or PRO tier status on the Bybit platform and have also satisfied all eligibility requirements set out in these Terms and Conditions (including, without limitation, Identity Verification requirements and jurisdictional restrictions). Tier status alone does not guarantee eligibility.
After you submit a valid subscription order, the corresponding funds will be frozen and held in your account pending the outcome of the IPO subscription event. During the freeze period, the frozen funds cannot be traded, transferred, or withdrawn. The freeze period shall commence upon order submission and shall end upon the earlier of: (i) the announcement of IPO allocation results and release of unallocated funds; or (ii) cancellation of the event in accordance with the applicable product terms, in which case all frozen funds will be released and returned to your available balance within 5 business days. Bybit shall not be liable for any opportunity costs or losses arising from the freezing of funds during the freeze period, provided that Bybit complies with this clause.
The final IPO offering price, total platform allocation, and allocation rules are subject to final confirmation by the underwriter. Bybit does not guarantee any particular allocation, offering price, or total supply. The final terms are determined solely by the underwriter and are outside Bybit’s control. Bybit’s role is limited to facilitating the subscription process on behalf of users.
The final subscription price shall be determined by the underwriter and may differ from the indicative subscription price displayed at the time of subscription. If the final subscription price is no more than twenty percent (20%) above the indicative subscription price, you authorize the Platform to automatically subscribe for your allocated Shares at the final subscription price without further confirmation. If the final subscription price exceeds twenty percent (20%) above the indicative subscription price, you must re-confirm your subscription at the final subscription price within the timeframe specified by the Platform. You are responsible for returning to the Platform after the subscription period closes to review the final subscription price. Failure to provide the required re-confirmation within the prescribed timeframe will result in the automatic cancellation of your subscription order.
xStocks are digital tokens that provide tokenized economic exposure to the performance of underlying reference assets. The characterization of xStocks as "digital securities" or otherwise may vary by jurisdiction and does not imply that xStocks are registered or approved securities in any jurisdiction. Prices may fluctuate significantly, and you may lose part or all of your investment. Please ensure that you have read and understood the applicable risk disclosure documents and the xStocks Terms and Conditions before participating.
Only participants who have completed Individual Identity Verification Lv. 1 or Business Verification are eligible for this event. Please note that users from restricted countries and regions are not eligible to participate in this event. By participating, you represent and warrant that you are not located in, a resident of, or a national of any restricted country or region. You acknowledge that Bybit may rely on this representation and that a false representation constitutes a material breach of these Terms and Conditions, entitling Bybit to immediately suspend or terminate your access and to reverse or cancel any subscription orders placed in breach of this restriction.
This event is not intended for users residing in the European Economic Area (EEA), which includes Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, and Norway. Participation by any person residing in, located in, or having a registered address in the EEA is strictly prohibited. By participating in this event, you represent and warrant that you are not an EEA resident, are not located in any EEA member state at the time of participation, and are not accessing the event on behalf of any person in the EEA. Bybit reserves the right to immediately terminate the participation of any user found to be in breach of this restriction and to reverse or void any subscription orders placed in breach. Bybit does not hold any license, registration, or authorization under MiCA or any applicable EEA financial services regulatory regime in respect of this event.
All participating users must strictly adhere to the Bybit Terms of Service. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes. Disqualification may result in the forfeiture of any subscription orders, benefits, or allocations and the freezing or reversal of associated transactions. Bybit’s determination of dishonest or abusive activity is final, subject to the dispute resolution mechanism below.
Bybit reserves the right to modify these Terms and Conditions at any time. Any material amendments will be notified to participants by in-platform notification or such other means as Bybit deems appropriate, and the amended terms will take effect from the date of notification. Your continued participation following such notification constitutes acceptance of the amended terms. For the avoidance of doubt, amendments that are adverse to participating users’ existing rights (including any reduction in guaranteed refund entitlements or changes to allocation mechanics after a subscription order has been placed) shall not apply retroactively to orders placed before the amendment takes effect.
In the event of any ambiguity or dispute regarding the interpretation of these Terms and Conditions, Bybit’s interpretation shall be given reasonable weight as the drafter and operator of this event, but shall not be conclusive or binding in any legal or arbitral proceeding. Any dispute arising out of or in connection with these Terms and Conditions shall be resolved in accordance with the dispute resolution clause below. If you have any questions regarding these Terms and Conditions, please contact Bybit Customer Support.
Severability. If any provision of these Terms and Conditions is found to be invalid, illegal, or unenforceable, that provision shall be severed from the remainder, which shall continue in full force and effect.
Governing Law and Dispute Resolution. These Terms and Conditions and all matters arising from or connected with them are governed by, and shall be construed in accordance with, the laws of the Republic of Singapore. Any dispute, controversy, or claim arising out of or in connection with these Terms and Conditions shall be finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) in accordance with the SIAC Arbitration Rules in force at the time of the dispute. The seat of arbitration shall be Singapore, the language of arbitration shall be English, and the tribunal shall consist of one arbitrator.