The virtual currency exchange Bybit’s launchpad has participation conditions for purchasing currencies before listing, and we will explain how to conduct the event service. You can purchase new tokens in advance before they are listed. Many people participate every time as an event where you can purchase new tokens quickly. This event is also held on other exchanges.
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
According to the latest information on Bybit, there are around 100 coins compared to domestic exchanges, and it 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
With BYBIT, the operating company always uses a zero cut like FX etc., 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. There are also campaigns, and you can earn profits during the period.
Security measures
Bybit basically 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. News guides are also announced on SNS such as the official Twitter, so be sure to check the information.
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 advantage of this event is that you can purchase tokens that are scheduled to be newly listed at a low price. There is a possibility that they will make a big profit after listing. However, there is also a possibility that they will crash after listing. Be careful because the price will crash or soar on average immediately after the event starts. You may get a good deal depending on the issue, but you may also lose money. Check the web daily.
Choose how to participate
Launchpad also has the advantage that participants can choose their own method of participation. And not only that, but since there is no need for tedious work or transactions, even busy people can participate. Check the contents and see if you want to start blockchain. The regular content includes not only charts, but also fundraising and event hosting. Finally, let’s participate in the basic procedure after specifically understanding the contents of our trading.
ICO
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.
account opening
First of all, you need to open a Bybit account to participate in this event. You can open an account below. Spreads are narrow and stable coins such as Bitcoin are often handled, so it tends to be easy to formulate strategies. You can also use Metaverse to transfer funds.
Prepare BIT or USDT
Either virtual currency is required to participate. By making a deposit, you can prepare the money.
Flow until participation
ローンチパッドには、3つの期間があります。計測期間というものがあり5日間が計測期間として設定されており、その期間のBIT、USDTの保有残高が自動計測される仕組みです。次に「コミット期間」となりますが、ここでは、BITかUSDTを選択し参加表明をします。そして、配布期間がはじまります。コミットした人へ自動配布される期間です。
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
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
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
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
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.
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