How to use Bybit Launchpad? (New token sales)

Understanding Bybit Launchpad Mechanics

1. Bybit Launchpad functions as a token distribution platform where users participate in initial token offerings for newly launched blockchain projects.

2. Eligibility depends on holding a minimum amount of BYBIT tokens in the user’s spot wallet for a specified snapshot period before each sale begins.

3. The allocation mechanism uses a lottery-based or weighted allocation model depending on the project, with higher BYBIT balances increasing participation weight but not guaranteeing full allocation.

4. Users must complete KYC verification and enable two-factor authentication before being permitted to join any Launchpad event.

5. Participation requires binding a verified email and phone number; unverified accounts are automatically excluded from the whitelist process.

Navigating the Launchpad Interface

1. Access is available exclusively through the “Launchpad” tab under the “Trade” section on the Bybit website or mobile app.

2. Active campaigns display real-time countdowns, tokenomics summaries, vesting schedules, and subscription windows directly on the campaign card.

3. Clicking into a specific project reveals detailed whitepaper links, team background, audit reports, and token utility explanations—each curated by Bybit’s internal research team.

4. Subscription buttons appear only during the designated window; attempts to interact outside that timeframe return an error message without redirecting or prompting alternative actions.

5. Post-subscription, users receive immediate on-screen confirmation showing allocated tokens, total cost in USDT, and estimated settlement time.

Token Allocation and Settlement Process

1. Allocations are calculated after the subscription window closes and undergo validation against real-time wallet balances and KYC status.

2. Successful participants see tokens credited to their spot wallet within 24 hours of the official listing date—not at the moment of subscription completion.

3. Unallocated funds are automatically refunded to the user’s spot wallet in USDT without manual request or delay.

4. Vesting terms apply to certain tokens, meaning portions may be locked and released in tranches over weeks or months, visible under the “Vesting” tab in the asset section.

5. No secondary market trading is allowed until the official listing timestamp appears on the Bybit announcements page and exchange order books open.

Risk Management and Compliance Checks

1. Each project undergoes rigorous due diligence including smart contract audits by firms such as CertiK or OpenZeppelin, with full reports published pre-sale.

2. Bybit reserves the right to cancel, postpone, or modify any Launchpad event without prior notice if regulatory developments or security concerns arise.

3. Users are required to acknowledge jurisdictional restrictions; residents of prohibited regions—including the United States, Canada, and Singapore—are blocked from accessing Launchpad features entirely.

4. Token purchases are final and non-refundable once confirmed, even if the project later experiences technical failures or market volatility.

5. All transaction logs—including snapshots, allocations, and refunds—are stored immutably on-chain and accessible via the user’s activity history dashboard.

Frequently Asked Questions

Q: Can I use BTC or ETH instead of BYBIT tokens to qualify?No. Only BYBIT token holdings in the spot wallet count toward eligibility. Other assets do not contribute to weight or lottery entry.

Q: What happens if my KYC expires during the snapshot period?The system uses the KYC status valid at the time of the snapshot. An expired or pending verification disqualifies the account regardless of prior approval history.

Q: Are Launchpad tokens subject to trading fees upon listing?Yes. Standard spot trading fees apply immediately after listing, based on the user’s VIP level and fee tier configuration.

Q: Can I transfer allocated tokens before the first trading session?No. Tokens remain non-transferable until the official listing time. Any attempt to initiate withdrawal before then results in an error with no exception handling.