RCS - Bybit - Crypto Insiders With Bybit

MicrosoftAnnouncement

20/05/2022 16:30

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RNS Number : 3149L  Bybit  12 May 2022

 

 

Oracle Red Bull Racing Drivers Max Verstappen and Sergio Pérez Take a Ride to
Become Crypto Insiders With Bybit

●    As one of the crypto-inspired initiatives of its partnership with
Oracle Red Bull Racing, Bybit created the #BybitLevelUpChallenges, a series of
videos featuring Oracle Red Bull Racing F1 drivers Max Verstappen and Sergio
'Checo' Pérez about digital assets and technology in racing.

 

●    In the latest episode, Max and Checo opened the crypto-racing
dictionary and took up Bybit's "Crypto Slang Challenge", an original way to
learn the meaning of crypto trading terms such as "HODL", "Gas Fees", "Bear
Market", "Fiat on-ramp" or their favorite, "When Lambo".

 

DUBAI, UNITED ARAB EMIRATES - Media OutReach
(https://www.media-outreach.com/)  - 12 May 2022 - Bybit
(https://www.bybit.com/) , one of the world's fastest growing cryptocurrency
exchanges, premiered the "Crypto Slang Challenge", the second episode of its
crypto-inspired series #BybitLevelUpChallenges. Conceptualized as a beginner's
guide to pave the way forward for the crypto curious in ways that are
immediately relevant to race fans, the new episode features Oracle Red Bull
Racing drivers Max Verstappen (2021 Formula 1 Drivers' World Champion) and
Sergio 'Checo' Pérez on a crash course challenge to decipher the latest and
most common crypto trading terms and slang in both the crypto and racing
world. It turns out that both industries have a lot in common.

 

The Crypto-Racing Dictionary, created by Bybit to help F1 fans and crypto
enthusiasts alike understand relevant terms that are applicable in both the
crypto and racing world

 

Hosted exclusively on Bybit Race Insider (https://d.adx.io/go/9NdEPiDK) and
Bybit's official social channels (Twitter, Facebook, Instagram, LinkedIn),
fans will be able to check out the drivers' performance in learning the
meaning of crypto trading terms such as "HODL", "Gas Fees", "Bear Market",
"Fiat on-ramp" or their favorite, "When Lambo".

F1 drivers are extremely competitive and confident by nature and both Max and
Checo showed it on the Crypto Slang Challenge, as they tried to guess the
meaning of terms and acronyms related to cryptocurrency trading, while also
establishing similarities using those terms in the racing world. The result:
Oracle Red Bull Racing drivers are now far more knowledgeable on crypto
references.

Snippets from the episode where Max and Checo both tried deciphering crypto
slang and references

In a race to become Bybit Insiders themselves, Oracle Red Bull Racing drivers
took on the challenge to guess and appreciate the meaning of expressions such
as  "gas fees" (blockchain transaction fees), "position" (a trade) or "fiat
on-ramp" (a reference for one-stop conversion of fiat money into
cryptocurrency). Crypto enthusiasts and F1 fans alike are in for a good laugh,
as Max and Checo tried their hands (and luck) at guessing the meaning of
acronyms such as ATH (all-time high) and FUD (fear, uncertainty and doubt).

When the drivers were asked to guess the meaning of "HODL" (an acronym for
"hold on for dear life", an expression used by crypto enthusiasts referring to
a long-term approach to cryptocurrency) 2021 Formula 1 Drivers' World Champion
Max Verstappen quickly stated "stick to your position", showing that he has
some grasp of the investment jargon.

When the drivers were shown the term "diamond hands", Verstappen immediately
responded "that's Checo", and Max was right in a way, as crypto enthusiasts
use this expression to talk about high risk tolerance when trading and
investing - this bears some similarity to Checo's stellar strategies that
earned him the title as "Minister of Defense".

"Is where things are really nasty on the market," said Checo when asked the
meaning of the term "bear market", displaying his knowledge.

But perhaps the most entertaining part of the challenge was when Max and Checo
were asked to guess the meaning of the expression "when Lambo?" as Max
promptly responded "when to shine through the streets… show off", while
Checo added, "you've done well in crypto, you have to show it".

 

Before the start of the 2022 Formula 1 season, Bybit became Oracle Red Bull
Racing's exclusive Principal Team Partner, Cryptocurrency Exchange Partner,
Fan Token Issuance Partner and Tech Incubator Partner. Both crypto and racing
fans can now look forward to more exclusive content and exciting initiatives
only available at the Bybit Race Insider (https://d.adx.io/go/9NdEPiDK) -
check it out to stay updated on what else Max and Checo might be up to
together with Bybit!

 

As the Fan Token Issuance Partner and Tech Incubator Partner, Bybit will
support Oracle Red Bull Racing with the distribution of its growing digital
asset collections among other endeavors, so fans will have to stay tuned for
more surprises in the near future.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a
professional platform where crypto traders can find an ultra-fast matching
engine, excellent customer service and multilingual community support. The
company provides innovative online spot and derivatives trading services,
mining and staking products, an NFT marketplace as well as API support, to
retail and institutional clients around the world, and strives to be the most
reliable exchange for the emerging digital asset class. Bybit is a proud
partner of Formula One racing team, Oracle Red Bull Racing, esports teams
NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and
association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit: https://www.bybit.com/
(https://go.bybit.com/e/HocplBrbLfb)

For updates, please follow Bybit's social media platforms on

https://discord.com/invite/bybit (https://discord.com/invite/bybit)
https://www.facebook.com/Bybit (https://www.facebook.com/Bybit)
https://www.instagram.com/bybit_official/
(https://www.instagram.com/bybit_official/)
https://www.linkedin.com/company/bybitexchange/
(https://www.linkedin.com/company/bybitexchange/)
https://www.reddit.com/r/Bybit/ (https://www.reddit.com/r/Bybit/)
https://t.me/BybitEnglish (https://t.me/BybitEnglish)
https://www.tiktok.com/@bybit_official
(https://www.tiktok.com/@bybit_official)
https://twitter.com/Bybit_Official (https://twitter.com/Bybit_Official)
https://www.youtube.com/c/Bybit (https://www.youtube.com/c/Bybit)

#Bybit

 

For media inquiries, please contact: press@bybit.com (mailto:press@bybit.com)

 

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