Launchpad on Bybit: get early access to tokens

Launchpad on Bybit: get early access to tokens
Table of Contents

Description

In the cryptocurrency sphere, dozens of new coins appear daily. And what if we tell you that you can earn money from this?

On the cryptocurrency exchange Bybit, there is a section called Launchpad. Launchpad allows investors to get a chance to buy new coins that are not yet on the exchanges, thereby getting the opportunity to increase their funds after being listed on the Bybit exchange.

In this article, we have analyzed what the event called Launchpad on the cryptocurrency exchange Bybit represents, its working principle, features, and also provided instructions on how to use this section.

What is Launchpad

Launchpad on the cryptocurrency exchange Bybit is an event during which you are given the opportunity to buy a token at a discounted price before trading begins. Essentially, you have a unique opportunity to win a chance to participate in investing in starting projects and gain good benefits from it.

The key goal of Launchpad is to support new projects in the cryptocurrency sphere by not only providing them with financing from the Bybit community but also giving access to a wide user base, which can significantly speed up the process of attracting attention to the project and positively affect its further development. For investors, Launchpad is a chance to become part of potentially successful projects at the very early stages of development, which can bring significant profit in the future.

How Launchpad Works and Its Features

  • Balance Snapshot Period

    To be eligible for a ticket, your average daily balance (MNT or USDT) during the balance snapshots must meet or exceed the minimum threshold amount. Typically, this is 100 USDT or from 50 MNT. The more MNT, the better, and you have a hundred percent chance of receiving the token, only the number of tokens will not be that large. It's worth considering.

    The balance of MNT or USDT on spot, derivative accounts, and financing account (or on a unified trading account) is considered during the snapshot period.

    Simply put, you need to transfer 100 USDT or from 50 MNT to the financing account before the start of the balance snapshot period and not withdraw them until the end of the period.
  • Subscription Period

    First of all, you need to have a verified Level 1 account. Users from unsupported countries/regions cannot participate in this event.

    Subaccounts cannot participate. The balances of subaccounts are not considered in the main balance.

    When the subscription period starts, you need to choose between MNT or USDT and lock your funds for the subscription period. They cannot be used for transfers, withdrawals, and trading until the event is over.

  • Distribution Period

    Each winner who locked USDT will receive N number of tokens, which will be specified in the event.

    Each winner who locked MNT will receive N number of tokens, depending on the fixed amount, as well as the total amount of MNT fixed by users.

    When you receive the tokens, you pay N amount in USDT and MNT, which was fixed. That is, you buy the token at a discount.

  • Distribution Results

    After the distribution results are summarized, the token will be listed on the exchange and you can sell it or keep it at your discretion.

How to Use Launchpad Guide

We have prepared a guide on how to use the Launchpad section, which will help you start using it.

Conclusion

Launchpad from Bybit is not only a tool for attracting investments in new projects but also events where users can get a chance to win a certain number of new tokens.

Thanks to such events, both developers and investors benefit. A news background is created around the project, which can positively affect its development.

In this article, we have analyzed what the event called Launchpad on the cryptocurrency exchange Bybit represents, its working principle, features, and also provided instructions on how to use this section.

Write in the comments: have you participated in Bybit's Launchpad? Share your impressions with our partners.

We hope this article was useful to you. Wishing everyone successful and profitable investments!

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