How to participate in a Launchpad event on Bybit? (New token sales)

Understanding Bybit Launchpad Mechanics

1. Bybit Launchpad functions as a token distribution platform where users gain early access to newly issued digital assets through allocation mechanisms tied to platform activity.

2. Eligibility is determined by holding specific tokens—primarily BYB—and maintaining qualifying balances across designated wallet types during snapshot periods.

3. Participation does not involve direct bidding or auction-style purchases; instead, allocations are calculated proportionally based on user-tier status and locked asset weight.

4. Users must complete KYC verification at Level 2 or higher before the registration window opens, otherwise their application will be automatically disqualified.

5. Snapshot windows occur at fixed UTC timestamps, and balances held outside of main account wallets—including sub-accounts and futures wallets—are excluded from eligibility calculations.

Registration and Snapshot Requirements

1. Registration opens 72 hours prior to the official snapshot and remains accessible until 2 hours before the snapshot begins.

2. During registration, users must explicitly opt in and confirm acceptance of terms including lock-up clauses and vesting schedules for purchased tokens.

3. The snapshot captures real-time BYB balances held in spot wallets only, with minimum thresholds varying per event—typically ranging from 500 to 5,000 BYB.

4. Staking other tokens such as BTC or ETH does not contribute toward Launchpad qualification unless explicitly stated in that event’s rules.

5. Duplicate accounts or coordinated multi-account behavior triggers automatic exclusion, and Bybit reserves the right to audit wallet histories for compliance.

Allocation Calculation and Token Distribution

1. Final allocation amounts are computed using a weighted formula combining BYB balance, user VIP level, and historical trading volume over the past 30 days.

2. Each tier—VIP 0 through VIP 6—carries a distinct multiplier applied to base allocation, with VIP 6 receiving up to 3.5x the standard amount.

3. Tokens are distributed directly into users’ spot wallets within 24 hours after the public sale concludes, assuming no network congestion delays.

4. A mandatory vesting schedule applies: 20% unlocks at TGE (Token Generation Event), followed by four equal monthly releases thereafter.

5. Unclaimed allocations expire 72 hours after distribution begins and cannot be recovered or refunded under any circumstance.

Risk Disclosure and Compliance Obligations

1. All tokens distributed via Launchpad are subject to jurisdictional restrictions—residents of the United States, Canada, and several sanctioned territories are prohibited from participating.

2. Users acknowledge that token value may decline immediately post-listing and that Bybit assumes no responsibility for market performance or liquidity conditions.

3. Tax liabilities arising from token receipt or subsequent disposal fall entirely on the participant, and Bybit does not issue tax documentation.

4. Any attempt to manipulate snapshots via rapid deposit/withdrawal cycles results in permanent suspension from future Launchpad events.

5. Contract audits and whitepaper reviews are published pre-event, but Bybit explicitly disclaims endorsement of project fundamentals or technical viability.

Frequently Asked Questions

Q: Can I use margin or futures account balances to qualify?A: No. Only spot wallet balances denominated in BYB count toward eligibility. Margin, futures, and sub-account holdings are excluded.

Q: What happens if my KYC is pending during registration?A: Applications with incomplete KYC are discarded. Verification must be finalized before registration closes—not just initiated.

Q: Is there a fee to register or claim allocated tokens?A: Registration is free. However, network gas fees apply when claiming tokens on-chain if the distribution occurs via smart contract transfer.

Q: Can I transfer my allocated tokens before the first vesting unlock?A: Attempting to move tokens prior to the initial 20% release triggers automatic revocation of remaining vested portions and may lead to account review.