What is Bybit Launchpad

Bybit Launchpad is a token launch platform that gives investors early access to new and pre-listed tokens from promising projects directly on Bybit. Users can commit a certain amount of BIT toward each new project and earn new tokens. This event is available for all users who completed at least level 1 of Know Your Customer (KYC) requirements and is strictly available only for users that are not from restricted countries only.

How Does Bybit Launchpad Work? 

Each Launchpad project goes through four stages: Snapshot, Subscription, Distribution and Launch.

First Stage (1) — Snapshot Period

During this period, the daily average amount of BIT in your Spot Account, Bybit Earn Account and Derivatives Account will be recorded automatically through hourly snapshots.

The Formula

Your daily average BIT balance = sum of all three snapshots / 24 hours

Note:

 — The daily average amount of BIT in your Spot Account, Bybit Earn Account and Derivatives Account during this period must be equal to or greater than 50, and will be rounded up to the nearest integer.

 — For the Bybit Earn Account, your BIT balance and BIT staked in the Launchpool will be automatically counted in the snapshot of your Bybit Earn Account. BIT staked in other products on the Bybit Earn Center (e.g., Dual Asset Mining) will not be included.

 — For the Derivatives Account, the wallet balance will be counted. The wallet balance may be affected by realized P&L.

Stage Two (2) — Subscription Period

Please head to the Bybit Launchpad and click on Commit Now to commit a certain amount of BIT toward the new project during this period. The maximum amount of BIT you can commit depends on the daily average combined BIT balance in your Spot Account, Bybit Earn Account and Derivatives Account over the snapshot period.

Formula

Final token allocation amount = (amount of BIT you’ve committed / total amount of BIT committed by all participants) × total amount of new tokens allocated for the project

Note:

— If you’ve staked BIT in the Launchpool during this period, unstake it first and then manually transfer it to your Spot Account. If you hold BIT in your Bybit Earn Account or Derivatives Account, please manually transfer your BIT to your Spot Account.

Stage Three (3) — Distribution Period

During the distribution period, based on your token allocation result, the corresponding BIT equivalent will be deducted from your committed amount. Your new tokens and the remaining BIT will be credited back to your Spot Account.

Final Stage (4) — Launch Period

The new Spot pair will go live if liquidity conditions are met.

You can proceed to trade on our Spot market with the lowest taker fee of 0.1%.

Requirements for Participating in Bybit Launchpad

The requirements are as follows:

1. Only users who have completed the KYC Level 1 requirement or business verification are eligible for the Launchpad event.

2. Users from restricted countries are not allowed to use the Bybit Launchpad.

Please note that KYC must be completed before the subscription period starts.

Here are the steps to follow:

1. Sign up for or log in to your Bybit accoun
2. Select Account & Security in the upper right-hand corner of the page
3. Click on Verify Now under Account Information -> Identity Verification
4. Verify Level 1 Basic Verification

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