{"id":72150,"date":"2022-05-12T11:29:48","date_gmt":"2022-05-12T11:29:48","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=91650"},"modified":"2022-05-12T11:29:48","modified_gmt":"2022-05-12T11:29:48","slug":"oracle-red-bull-racing-drivers-max-verstappen-and-sergio-perez-take-a-ride-to-become-crypto-insiders-with-bybit","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/oracle-red-bull-racing-drivers-max-verstappen-and-sergio-perez-take-a-ride-to-become-crypto-insiders-with-bybit\/","title":{"rendered":"Oracle Red Bull Racing Drivers Max Verstappen and Sergio P\u00e9rez Take a Ride to Become Crypto Insiders With Bybit"},"content":{"rendered":"<ul>\n<li>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 \u2018Checo\u2019 P\u00e9rez about digital assets and technology in racing.<\/li>\n<\/ul>\n<ul>\n<li>In the latest episode, Max and Checo opened the crypto-racing dictionary and took up Bybit\u2019s \u201cCrypto Slang Challenge\u201d, an original way to learn the meaning of crypto trading terms such as \u201cHODL\u201d, \u201cGas Fees\u201d, \u201cBear Market\u201d, \u201cFiat on-ramp\u201d or their favorite, \u201cWhen Lambo\u201d.\n<p><div id=\"attachment_91652\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/pr.asianetpakistan.com\/wp-content\/uploads\/2022\/05\/1854172.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-91652 size-medium\" src=\"https:\/\/pr.asianetpakistan.com\/wp-content\/uploads\/2022\/05\/1854172-300x202.png\" alt=\"1854172\" width=\"300\" height=\"202\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">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<\/p>\n<\/div>\n<\/li>\n<\/ul>\n<p>DUBAI, UNITED ARAB EMIRATES &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 12 May 2022 &#8211;\u00a0<a href=\"https:\/\/www.bybit.com\/\">Bybit<\/a>, one of the world\u2019s fastest growing cryptocurrency exchanges, premiered the \u201cCrypto Slang Challenge\u201d, the second episode of its crypto-inspired series #BybitLevelUpChallenges. Conceptualized as a beginner\u2019s 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\u2019 World Champion) and Sergio \u2018Checo\u2019 P\u00e9rez 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.<\/p>\n<div id=\"attachment_91651\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/pr.asianetpakistan.com\/wp-content\/uploads\/2022\/05\/28547.png\"><img decoding=\"async\" class=\"wp-image-91651 size-medium\" src=\"https:\/\/pr.asianetpakistan.com\/wp-content\/uploads\/2022\/05\/28547-300x252.png\" alt=\"28547\" width=\"300\" height=\"252\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Snippets from the episode where Max and Checo both tried deciphering crypto slang and references<\/p>\n<\/div>\n<p>Hosted exclusively on <a href=\"https:\/\/d.adx.io\/go\/9NdEPiDK\">Bybit Race Insider<\/a> and Bybit\u2019s official social channels (Twitter, Facebook, Instagram, LinkedIn), fans will be able to check out the drivers\u2019 performance in learning the meaning of crypto trading terms such as \u201cHODL\u201d, \u201cGas Fees\u201d, \u201cBear Market\u201d, \u201cFiat on-ramp\u201d or their favorite, \u201cWhen Lambo\u201d.<\/p>\n<p>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.<\/p>\n<p>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\u00a0 \u201cgas fees\u201d (blockchain transaction fees), \u201cposition\u201d (a trade) or \u201cfiat on-ramp\u201d (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).<\/p>\n<p>When the drivers were asked to guess the meaning of \u201cHODL\u201d (an acronym for &#8220;hold on for dear life&#8221;, an expression used by crypto enthusiasts referring to a long-term approach to cryptocurrency) 2021 Formula 1 Drivers\u2019 World Champion Max Verstappen quickly stated \u201cstick to your position\u201d, showing that he has some grasp of the investment jargon.<br \/>\nWhen the drivers were shown the term \u201cdiamond hands\u201d, Verstappen immediately responded \u201cthat\u2019s Checo\u201d, and Max was right in a way, as crypto enthusiasts use this expression to talk about high risk tolerance when trading and investing \u2014 this bears some similarity to Checo\u2019s stellar strategies that earned him the title as \u201cMinister of Defense\u201d.<\/p>\n<p>\u201cIs where things are really nasty on the market,\u201d said Checo when asked the meaning of the term \u201cbear market\u201d, displaying his knowledge.<\/p>\n<p>But perhaps the most entertaining part of the challenge was when Max and Checo were asked to guess the meaning of the expression \u201cwhen Lambo?\u201d as Max promptly responded \u201cwhen to shine through the streets\u2026 show off\u201d, while Checo added, \u201cyou\u2019ve done well in crypto, you have to show it\u201d.<\/p>\n<p>Before the start of the 2022 Formula 1 season, Bybit became Oracle Red Bull Racing&#8217;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 <a href=\"https:\/\/d.adx.io\/go\/9NdEPiDK\">Bybit Race Insider<\/a> \u2014 check it out to stay updated on what else Max and Checo might be up to together with Bybit!<\/p>\n<p>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.<\/p>\n<p><strong>About Bybit<\/strong><\/p>\n<p>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.<\/p>\n<p>For more information please visit: <a href=\"https:\/\/go.bybit.com\/e\/HocplBrbLfb\">https:\/\/www.bybit.com\/<\/a><\/p>\n<p>For updates, please follow Bybit&#8217;s social media platforms on<\/p>\n<p><a href=\"https:\/\/discord.com\/invite\/bybit\">https:\/\/discord.com\/invite\/bybit<\/a><u><br \/>\n<\/u><a href=\"https:\/\/www.facebook.com\/Bybit\">https:\/\/www.facebook.com\/Bybit<\/a><u><br \/>\n<\/u><a href=\"https:\/\/www.instagram.com\/bybit_official\/\">https:\/\/www.instagram.com\/bybit_official\/<\/a><u><br \/>\n<\/u><a href=\"https:\/\/www.linkedin.com\/company\/bybitexchange\/\">https:\/\/www.linkedin.com\/company\/bybitexchange\/<\/a><u><br \/>\n<\/u><a href=\"https:\/\/www.reddit.com\/r\/Bybit\/\">https:\/\/www.reddit.com\/r\/Bybit\/<\/a><u><br \/>\n<\/u><a href=\"https:\/\/t.me\/BybitEnglish\">https:\/\/t.me\/BybitEnglish<\/a><u><br \/>\n<\/u><a href=\"https:\/\/www.tiktok.com\/@bybit_official\">https:\/\/www.tiktok.com\/@bybit_official<\/a><u><br \/>\n<\/u><a href=\"https:\/\/twitter.com\/Bybit_Official\">https:\/\/twitter.com\/Bybit_Official<\/a><u><br \/>\n<\/u><a href=\"https:\/\/www.youtube.com\/c\/Bybit\">https:\/\/www.youtube.com\/c\/Bybit<\/a><\/p>\n<p>#Bybit<\/p>\n<p><strong>\u00a0<\/strong>For media inquiries, please contact: <a href=\"mailto:press@bybit.com\">press@bybit.com<\/a><strong><br \/>\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2018Checo\u2019 P\u00e9rez about digital assets and technology in racing. In the latest episode, Max and Checo opened the crypto-racing dictionary and took [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,343],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oracle Red Bull Racing Drivers Max Verstappen and Sergio P\u00e9rez Take a Ride to Become Crypto Insiders With Bybit - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/oracle-red-bull-racing-drivers-max-verstappen-and-sergio-perez-take-a-ride-to-become-crypto-insiders-with-bybit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oracle Red Bull Racing Drivers Max Verstappen and Sergio P\u00e9rez Take a Ride to Become Crypto Insiders With Bybit - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"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 \u2018Checo\u2019 P\u00e9rez about digital assets and technology in racing. 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