Bybit Launchpad: what is it and how to use it

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Anyone that’s been following the crypto market in the last year has seen massive growth. More people than ever are becoming interested in cryptocurrency as a form of investment and as a way to conduct transactions. The more popular crypto becomes, the more ways there are to invest and trade it.

Bybit is an exchange platform that was launched in March of 2018 with the intention of making cryptocurrency trading easier for investors and traders. The exchange has created Bybit Launchpad, a platform designed to help connect new crypto projects and interested users to potential projects. This article explains what Bybit Launchpad is and how you can use it to your advantage.

Bybit Launchpad Review

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Through the Bybit Launchpad, investors will have early access to new and pre-listed tokens from promising projects. For each new project, users can commit BIT and earn tokens.

With Bybit Launchpad 2.0, users can win allocations of new tokens in exchange for USDT via a new lottery model. Through Launchpad, users can also buy best-performing tokens that have previously been listed.

Users can gain early access to some of the most desired tokens on Bybit Launchpad 2.0. Apart from committing BIT, they can also participate in a lottery system by staking a nominal amount of Tether (USDT). On the Launchpad, users can also purchase previously listed tokens based on their performance.

Pintu is one example of a cryptocurrency listed on Bybit Launchpad. BAPPEPTI (Indonesian Commodity Futures Trading Regulatory Authority) licenses it. By using its platform, users can easily and quickly buy, sell, manage, and use cryptocurrency.

Who Can Use Bybit Launchpad?

In order to participate in the Launchpad event, users must have completed KYC Level 1 or business verification.

It is not possible to use the Bybit Launchpad from restricted countries. It is important to note that KYC must be completed prior to the start of the subscription period.

You must also have an average amount of BIT in your Bybit Earn Account, Spot Account, and Derivatives Account equal to or above 50 during the snapshot period.

What is the Term and Format of the Subscription to Bybit Launchpad?

Subscriptions are available in two forms. Traders can only choose one of the methods. It is important to note that traders cannot participate in both events at the same time.

Subscribing to token allocation with BIT


Win an allocation of the project token by committing USDT

ByBit Fees Review

How Bybit Launchpad Works

There are four stages to every Launchpad project: Snapshot, Subscription, Distribution, and Launch.

Snapshot period: During this period, hourly snapshots will be taken of your Spot Accounts, Bybit Earn Accounts, and Derivatives Accounts to determine the daily average amount of BIT.


Subscription period: To commit BIT toward a new project during this period, go to the Bybit Launchpad and click on Commit Now. A snapshot period's maximum BIT commitment is dependent on your daily average combined BIT balance in your Spot Account, Bybit Earn Account, and Derivatives Account.


Distribution period: In the distribution period, your committed amount will be reduced by the corresponding BIT equivalent based on your token allocation result. BIT and your new tokens will be credited back to your Spot Account.


Launch period: Spot pairs will go live if liquidity conditions are met. A 0.1% taker fee is charged on Bybit's Spot market.

Below is more information about the different periods on the Bybit Launchpad.

The snapshot period will include BIT and USDT balances in Spot Accounts, Earn Accounts, and Derivatives Accounts.


When you take a snapshot of your Earn account, BIT staked in Flexible Staking and Launchpool will automatically be counted. Bybit Earn will not include the BIT staked in other products (such as Dual Asset Mining and Shark Fin).


Derivatives Account balances will be counted according to their wallet balance. Wallet balances may be affected by realized profits and losses (P&L).

Is ByBit Legit? Is it Safe or Scam?

FAQs

What is Bybit?

In 2018, Bybit launched its cryptocurrency exchange. It offers inverse and perpetual futures contracts with leverage up to 1:200. In addition to USD futures, Bybit offers BTC, ETH, XRP, EOS, LTC, and multiple tokens. BTC/USDT is the subject of a linear futures contract. As a result of the exchange's technology, market participants are insured against sharp price movements. In addition to market depth and offsets, there are long and short positions.

Is Bybit a good crypto exchange?

There is no doubt that ByBit is a very safe cryptocurrency exchange. The exchange stores almost all of its funds, along with the funds of its users, in cold storage, which means that if they are hacked, they will only have access to a limited amount of funds.

How do I get into Bybit launchpad?

In order to subscribe to one lottery ticket, head to the Bybit Launchpad and click on the Commit Now button.

What are the benefits of Bybit launchpad?

In addition to bringing promising blockchain projects to you, Bybit Launchpad offers pre-listing rounds and earning new tokens directly on Bybit. This crypto asset can be bought and sold with a 0.1% taker fee.

Team that worked on the article

Andrey Mastykin
Author, Financial Expert at Traders Union

Knows about
Trading strategies, technical analysis, Forex, stock market, long-term investing

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Experience
Andrey's passion for finance began in 2009, and he has since accumulated extensive experience in trading and investing across various asset classes, including stocks, Forex, and cryptocurrencies.

He has spent over 15 years managing his own capital and working with financial portals, financial institutions, and IT companies, as a financial writer and analyst, further refining his investment expertise.

He is the author of several training courses on investing and trading in financial markets. Led multiple FX/Stocks/Crypto webinar educational presentations. Authored hundreds of articles on the global economy, stock, cryptocurrency, and Forex markets, along with trading strategies. He has also penned hundreds of professional reviews of financial firms.

Throughout his journey, Andrey has been heavily influenced by the works of renowned authors and investors like Benjamin Graham, Ray Dalio, Robert Shiller, and Nassim Taleb.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.