How to use Bybit Launchpad? (New token allocation)

Understanding Bybit Launchpad Mechanics

1. Bybit Launchpad operates as a token distribution platform integrated directly into the Bybit exchange ecosystem. It enables users to participate in early-stage token allocations for newly launched blockchain projects.

2. Participation requires holding a minimum balance of BYBIT tokens in the user’s spot wallet. The required amount fluctuates depending on the specific project and its allocation rules.

3. Eligibility is determined during a snapshot window—typically 48 hours before the subscription period begins. Only users with qualifying balances at that exact time are granted access.

4. Users must complete KYC Level 2 verification before being allowed to join any Launchpad event. Failure to meet this requirement results in automatic disqualification.

5. Allocation is not guaranteed even for eligible participants. A lottery-based or weighted random draw system may be applied, especially when demand exceeds supply.

Navigating the Subscription Process

1. Once the Launchpad event opens, users navigate to the “Launchpad” tab under the “Trade” section on the Bybit website or mobile app.

2. Each active project displays real-time countdowns, token details, hard cap, subscription window duration, and minimum/maximum purchase limits.

3. Users input the desired amount of BYBIT they wish to commit, subject to both personal wallet balance and per-user caps set by Bybit.

4. After confirming the transaction, funds are temporarily locked in a dedicated Launchpad wallet. No actual transfer occurs until the allocation phase concludes.

5. Subscriptions are irreversible during the active window. Cancellation or modification is disabled once submission is confirmed.

Allocation and Token Distribution Timeline

1. The allocation result is published within 24–48 hours after the subscription window closes. Users receive notifications via email and in-app alerts.

2. Successful participants see their allocated tokens reflected in the “Launchpad Assets” section of their account dashboard.

3. Tokens are distributed in two tranches: an initial listing portion becomes available immediately upon trading commencement, while the remainder follows a vesting schedule tied to project milestones.

4. Trading pairs for newly launched tokens appear on Bybit Spot markets at the designated listing time, usually aligned with UTC midnight.

5. Unsuccessful subscribers have their committed BYBIT automatically released back to their spot wallet without delay or fee deduction.

Risk Management and Eligibility Checks

1. Bybit reserves the right to exclude jurisdictions where token sales violate local regulatory frameworks. Users from restricted regions cannot view or access Launchpad events.

2. Accounts flagged for suspicious activity—including rapid deposit/withdrawal patterns or use of automated scripts—are barred from participation without prior notice.

3. Token valuations are highly volatile post-listing. Historical data shows price swings exceeding 200% within the first 30 minutes of market opening for multiple Launchpad assets.

4. Projects undergo technical due diligence by Bybit’s internal research team, but no endorsement or guarantee of performance is implied.

5. Users retain full responsibility for managing private keys and securing wallets used to store newly acquired tokens post-distribution.

Frequently Asked Questions

Q: Can I use USDT or BTC instead of BYBIT to subscribe?No. Only BYBIT tokens held in the user’s spot wallet are accepted as subscription currency.

Q: What happens if my BYBIT balance changes after the snapshot but before subscription starts?The snapshot balance is final. Subsequent deposits or withdrawals do not affect eligibility or allocation weight.

Q: Are there fees associated with participating in Launchpad?No subscription or allocation fees apply. However, standard network fees may apply when withdrawing tokens to external wallets.

Q: How do I check if my jurisdiction is restricted?Bybit displays a geographic restriction notice during login for affected users. Full country lists are published in the Launchpad Terms & Conditions document.