Bybit’s Launchpad allows you to pre-purchase new tokens before they are listed. As an event where new tokens can be purchased quickly, many people participate every time. This event is also held on other exchanges.
- What is Bybit? Main functions and features
- What is Launchpad?
- Difference between ICO and Launchpad
- How to join Launchpad
- Notes on Launchpad
- Exchanges that can participate in Launchpad
What is Bybit? Main functions and features
Bybit is popular and has a good reputation among overseas virtual currency exchanges such as Binance. There are many latest information on campaigns and bonuses, and you will have a chance to receive rich rewards during the event period. You can exchange and trade the rewards you win and use them anytime, anywhere. Although many campaigns have ended in the past, there are many services that can be used. You can withdraw your profits and use the amount as margin for further trading.
Many trading methods
Bybit also supports spot trading, futures trading (derivatives), asset management, and staking deposits. The maximum leverage is over 100x, there are many supported currencies, and although price movements fluctuate, it covers major altcoins such as BTC, ETH, and USDT. It is better for traders to prepare in advance and calculate the details of the market and prices before trading.
Also supports zero cut
Bybit uses zero cuts by the operating company, so there is no risk of debt. If an investor incurs a large loss and the balance becomes negative, a zero cut will be automatically applied at the same time. The latest information policy is also clearly stated on the official website. Trading can also be done using a smartphone app.
Bybit has solid security measures and support, as well as thorough identity verification KYC level settings and wallet management operations. Conveniently, we accept credit cards, legal currencies (dollars, Japanese yen, etc.), and virtual currencies for deposits and withdrawals. You can send it by copying your wallet address or scanning the QR code.
What is Launchpad?
A Launchpad is an exchange-sponsored token sale event that sells tokens for new projects. Buy coins in advance before listing, and if the price rises after listing, it will be a big profit. However, on the other hand, it is recommended that you invest less money because there is a possibility of a crash and a big loss. Features include:
buy cheap tokens
The biggest strength of this event is that you can purchase newly listed tokens at a low price. There is a possibility that you can make a lot of money after going public. However, there is also a possibility that it will crash after listing.
Choose how to participate
Another advantage of LaunchPad is that participants can choose how to participate. And not only that, but there are no hassles or transactions involved, so even busy people can participate.
When listening to the above explanation, many people probably imagine an ICO. ICO, which is an abbreviation for Initial Coin Offering, is a token sale that purchases tokens directly from the management side without going through an exchange. ICO has many dubious coins that are not listed on major virtual currency exchanges, and there is a risk of a huge profit if it hits and a big loss if it fails. There are also many scams. ICO fraud has become a global problem, with a fraud rate of over 90%.
Difference between ICO and Launchpad
This makes some people wonder if Launchpad is dangerous too. Launchpad is a coin selected by Bybit after pre-researching its popularity and future prospects, so it is at least safer than ICO. Some of the stocks listed on Launchpad have been priced dozens of times more. It is one of the recommended investment methods for those aiming for capital gains. However, there is also the potential for loss. Please keep your investment down.
How to join Launchpad
Learn how to join Bybit Launchpad. In order to participate in Bybit’s launchpad, “virtual currency for participation” is required in advance. It will be BIT or USDT. Launchpad cannot participate in BIT and USDT at the same time, so please decide in advance which currency you will participate in. You can join Bybit Launchpad by following the steps below.
First of all, you need to open a Bybit account to participate in this event. You can open an account from below.
Prepare BIT or USDT
Either virtual currency is required to participate. By making a deposit, you can prepare the money.
Flow until participation
go to purchase
Once you have the money ready, go to the purchase screen. Please click “Launchpad” from “Actual item” on My Page.
The screen will switch and you can see the brand. Select “Participate in Commit with BIT” or “Participate in lottery with USDT” and click “Join Now” to check your BIT / USDT account balance. You can actually participate in the “commit period”. Enter the quantity and click “confirm” to complete your participation in Launchpad.
Notes on Launchpad
Please be careful as there are some caveats in Launchpad.
Identity verification required
Having an account with Bybit is not enough to join Launchpad. In order to participate in the Launchpad, it is necessary to perform identity verification called KYC in advance. If you do not clear at least LV1, you will not be eligible to participate.
Possibility of price break
No investment is 100% profitable. It is your responsibility, so please be careful. Even if you can buy tokens cheaply on Bybit’s launchpad, you may lose a lot depending on the timing of the sale.
Exchanges that can participate in Launchpad
In addition to Bybit, many exchanges offer Launchpad services.
Kucoin offers a launchpad service called KuCoin Spotlight. Kucoin is a virtual currency exchange founded in Singapore in September 2017. It is a very famous exchange with over 8 million users worldwide.
MEXC is a very famous exchange that handles over 1500 stocks. We also handle many minor currencies. Many users choose MEXC because they regularly conduct Launchpad.
Bitget is an exchange that allows trading with a maximum leverage of 125x. The “copy trade function” provided by Bitget is very popular. We also do other launch pads.
OKx is also one of the major exchanges, and OKEx Jumpstart is a launchpad service. OKx is a virtual currency exchange that originally operated mainly in China, but now it is used by many users mainly in Asia and Africa.