Participating in Bybit Launchpad allows investors to access early-stage crypto projects before they hit the mainstream market. Understanding the process, from token sales to subscription methods, helps maximize opportunities and improve investment success.
How to Participate in Token Sales
Participating in token sales on Bybit Launchpad is a structured process that ensures fair participation and transparency. In order to engage with the token sale and be eligible for allocation, users need to follow the following steps.
Step 1: Account Registration and KYC Verification
The first step toward participating in a Bybit Launchpad event is to register for a Bybit account if you do not already have one. The registration process is straightforward and only requires basic information, such as an email address or phone number. Once registered, you must complete the KYC (Know Your Customer) verification process to confirm your identity. The KYC process usually involves submitting government-issued identification documents such as a passport, driver’s license, or national identity card.
Bybit enforces KYC Level 1 verification as a mandatory requirement for all users. This process helps ensure that only verified individuals can participate in token sales, promoting transparency and safety in the process. Users who fail to complete the KYC process will not be able to participate in any of Bybit’s token launches. Additionally, this step ensures compliance with global financial regulations and prevents fraudulent activity.
Step 2: Meeting the Balance Requirements
Bybit Launchpad participants must meet specific balance requirements to qualify for participation in token sales. These balance requirements are usually related to the amount of BIT (Bybit’s native token) or USDT (Tether) held in the user’s account. Bybit takes daily snapshots of users’ balances to determine eligibility for upcoming token sales.
- BIT Holding Requirement: Users who hold BIT tokens are given priority when it comes to guaranteed allocation in token sales. Bybit offers a higher number of tokens to users who stake more BIT tokens.
- USDT Holding Requirement: Users can also participate in token sales by holding USDT. However, their participation may be governed by a lottery system, which will be explained later.
Bybit ensures fairness by taking snapshots of account balances during the subscription period. This way, the platform can ensure that every eligible user is given a fair opportunity to participate in the token sale process.
Step 3: Subscription Period
Once you have completed the registration process and met the balance requirements, the next step is the subscription period. During this period, Bybit users can commit their funds (usually in USDT or BIT) to participate in the token allocation process.
- Guaranteed Allocation Method (BIT): Users who hold BIT tokens are given access to guaranteed allocations of tokens. The amount of tokens allocated is based on the number of BIT tokens held during the snapshot period.
- Lottery System (USDT): Users who hold USDT are eligible to enter the lottery system for token sales. Each user is granted a certain number of lottery tickets based on their USDT balance. The more USDT you hold, the more lottery tickets you are eligible to receive.
During the subscription period, users will be able to commit their funds and participate in the token allocation process. The subscription period typically lasts for a few days, and it is important to act promptly, as some token sales may close quickly due to high demand.
Step 4: Token Allocation and Distribution
After the subscription period closes, Bybit calculates the allocation for each participant. If the total number of committed funds exceeds the available token supply, Bybit distributes tokens proportionally, ensuring fair distribution. Here is a breakdown of the token allocation process:
- Proportional Allocation: If demand is high and many participants have committed funds, tokens are distributed proportionally. This means that the total token supply is divided based on how much each user committed during the subscription period.
- Excess Funds Refunded: If you committed more funds than necessary, excess funds will be refunded. For instance, if you committed 100 USDT to a sale but were only allocated 50 tokens, the remaining funds (the 50 USDT) will be refunded to your Bybit account.
- Automatic Token Transfer: Once the allocation process is complete, tokens are automatically transferred to the wallets of the participants. Tokens are typically available for use on the Bybit platform immediately after the distribution is completed.
This transparent and efficient distribution process ensures that participants are treated fairly and that the token launch remains accessible to a broad range of users.
Understanding the Lottery System
The lottery system in Bybit Launchpad plays a key role in ensuring fairness during token sales. It is primarily used when the demand for a new token sale exceeds the available supply. Instead of allowing only the largest holders to dominate the token sale, Bybit gives all eligible users a chance to win a portion of the available token supply through a random selection process.
How the Lottery System Works
- Ticket Allocation: Users who hold USDT and meet the balance requirements are assigned lottery tickets. The number of tickets is determined by the amount of USDT held during the snapshot period. For example, if 1 ticket is granted per 100 USDT, a user who holds 500 USDT would receive 5 tickets.
- Random Draw: After the subscription period ends, Bybit randomly selects winners from the pool of ticket holders. This ensures that the process remains fair and transparent and that users have an equal chance to win.
- Token Allocation for Winners: If a user’s ticket is selected, they will receive a portion of the tokens available for the sale. The exact amount of tokens is determined by the number of tickets the user holds.
- Refund of Non-Winners: Users who are not selected in the lottery will receive a full refund of their committed funds, ensuring that they do not lose any money in the process.
Example of Lottery Participation
Imagine you hold 1,000 USDT during the snapshot period. Bybit offers 1 lottery ticket for every 100 USDT. This means that you would receive 10 lottery tickets. After the subscription period, Bybit’s algorithm randomly selects the winning tickets. If your ticket is selected, you will receive an allocation of tokens, proportional to the amount you committed. If you are not selected, your 1,000 USDT will be refunded.
This system ensures that everyone, regardless of the size of their investment, has an equal chance to participate and receive tokens.
Subscription Methods Explained
Bybit offers different subscription methods for users depending on the assets they hold and how they want to participate in token sales. The two main subscription methods are:
BIT Subscription Method (Guaranteed Allocation)
The BIT subscription method is designed for users who hold BIT tokens and want to ensure a guaranteed allocation of new tokens during a launch. This method is favored by users who want to take a more active role in the token sale process.
How the BIT Subscription Method Works:
- Guaranteed Allocation: Users who hold BIT tokens are given guaranteed access to the token sale. The more BIT tokens a user holds, the higher their allocation.
- Proportional Distribution: The total number of BIT tokens staked during the subscription period determines the number of tokens available for allocation.
Example: - The total committed BIT tokens are 10 million BIT.
If a user holds 10,000 BIT, their allocation will be proportional:
(10,000/10,000,000) x Total Token Supply = (10,000/10,000,000) x 1,000,000 = 1,000 Tokens
The guaranteed allocation system gives BIT holders a clear and predictable way to participate in token sales.
USDT Subscription Method (Lottery System)
The USDT subscription method utilizes a lottery system to distribute tokens when demand exceeds supply. Users who do not hold BIT tokens but wish to participate in the token sale can use USDT to enter the lottery.
How the USDT Subscription Method Works:
- Lottery Tickets: For every 100 USDT held, participants receive 1 lottery ticket.
- Random Selection: Winners are chosen randomly, ensuring that no single user can dominate the sale.
- Refund Process: Non-winning participants receive a full refund of their committed funds.
This system allows users who do not hold BIT tokens to participate in token sales and enjoy a fair opportunity to secure new tokens.
Maximizing Your Participation in Bybit Launchpad
While participating in Bybit Launchpad can be a rewarding experience, there are several strategies you can implement to maximize your chances of getting allocated tokens:
- Increase BIT Holdings – Holding more BIT tokens gives you priority in token sales and a guaranteed allocation.
- Maintain a Consistent Balance – Bybit takes snapshots regularly. Keep your balance stable throughout the snapshot period.
- Diversify Your Participation – Participate in multiple token launches to increase your chances of receiving allocations in different projects.
- Complete KYC Early – Completing your KYC verification early ensures that there are no delays when a token sale begins.
- Stay Updated on Launchpad Announcements – Follow Bybit’s official social channels to stay updated on the latest news and announcements for upcoming token sales.
By following these strategies, you can improve your chances of receiving token allocations and make the most of your participation in Bybit Launchpad.
Conclusion
Bybit Launchpad offers an excellent opportunity for crypto traders to get early access to high-potential blockchain projects. By following the structured participation process and understanding the subscription methods, the lottery system, and the importance of meeting balance requirements, you can significantly increase your chances of securing new tokens.
Bybit’s commitment to fairness, transparency, and user security makes it one of the leading platforms for participating in token sales. As more projects launch through the platform, participating in Bybit Launchpad in 2025 will be a valuable way to diversify your portfolio and gain exposure to emerging cryptocurrencies.
