8 Reasons to Magnify Profits With Bybit Launchpad 3.1

It’s no surprise that crypto traders are always on the lookout for new ways to grow their holdings. While there are some traders who aren’t afraid to take risks for maximum rewards, there are definitely many who prefer to err on the side of caution. If you’re looking for a way to grow your holdings with minimal risk, we have the perfect solution for you. Introducing Bybit Launchpad 3.1! Read on and discover how to magnify your profits with this new iteration of the beloved Bybit Launchpad.

Key Takeaways:

• Bybit Launchpad 3.1 is a token launch platform where investors can gain early access to new and pre-listed tokens from promising projects, directly on Bybit.

• Some of the top reasons to magnify profits with Bybit Launchpad 3.1 include its low-risk environment and the opportunity for users to commit tokens in two distinct ways to earn new ones. 

What Is Bybit Launchpad 3.1?

Bybit Launchpad 3.1 is a token launch platform where investors can gain early access to new and pre-listed tokens from promising projects, directly on Bybit. All you need to do is commit a certain amount of MNT or USDT toward the new projects to earn new tokens. Once the Launchpad event for that particular project is over, and the Spot trading pair is listed on the Bybit exchange, users can proceed to trade their newly earned tokens. 

Keep in mind that Bybit Launchpad 3.1 is only available to users who have completed Identity Verification Level 1 requirements, and have deposited either MNT or USDT into their Bybit Wallet. In addition, Launchpad 3.1 is available only for users who aren’t from restricted countries and regions. 

Reasons to Magnify Profits With Bybit Launchpad 3.1

Following are eight of the many reasons to magnify your profits with Bybit Launchpad 3.1.

Low Risk

Compared to other ways to grow your holdings, Bybit Launchpad 3.1 is considered to be one of the more low-risk ways to do so. In a way, Bybit Launchpad 3.1 helps with safe speculative investments. Since there’s a hard cap on the amount of tokens you can commit for every Launchpad project listed on Bybit — based on your final daily average balance in your Funding Account, Spot Account and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) over the Snapshot period — you’re encouraged not to put all your money into just one project. Instead, Launchpad 3.1 cultivates discipline as you diversify your portfolio, leading to lower risk.

2 Ways to Commit Tokens and Earn New Tokens

Bybit Launchpad 3.1 offers users two different ways to earn new tokens. 

First, users can commit their MNT tokens. In order to qualify, the daily average balance of MNT in your Funding Account, Spot Account and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) during the Snapshot period must be equal to or greater than 50 MNT. The snapshot will be updated at 3AM UTC every day. Due to the high volume of asset calculation, there might be a delay in updating your daily average MNT balance.

For the Funding Account, please note that MNT tokens staked in Flexible Savings, Launchpool and Lending will automatically be counted in the snapshot of your Funding Account. MNT staked in other products on Bybit Earn (e.g., Dual Asset) will not be included.

For the Derivatives Account, the wallet balance will be counted. The wallet balance may be affected by realized P&L.

Alternatively, you can commit USDT tokens instead in exchange for USDT lottery tickets. In order to qualify, you would need to fulfill the requirement of maintaining a daily average wallet balance of at least 100 USDT in your Funding Account, Spot Account and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) during the Snapshot period. If you’d like to earn additional lottery tickets, you can follow the steps listed in the tables below. 

Please note, however, that you can only select one path for additional ticket acquisition beyond the initial ticket: either through VIP status or through maintaining/trading assets. 

OR

VIP Users Receive Four Lottery Tickets

Upon committing USDT, an automatic allocation of three extra lottery tickets is yours if you’re a Bybit VIP, elevating your total to a peak of four tickets and thus, quadrupling your opportunities to triumph in the USDT lottery!

For those yet to explore Bybit's VIP realm, initiating your journey is straightforward. Engage in our Bybit VIP Program by meeting just one of two criteria — maintaining a specific asset balance or achieving a set monthly trading volume. If you’re recognized as a VIP user on a different cryptocurrency exchange, simply forward a screenshot of your existing VIP status or your monthly trading volume from that exchange to premium@bybit.com. 

Embark on your VIP journey today to not only secure three additional lottery tickets but also unlock a myriad of exclusive perks. Please note that the activation of VIP status generally requires T+1, so begin your application without delay!

Earn Up to 120 MNT by Referring Friends

Bybit will hold activities from time to time to give everyone a chance to win MNT tokens. One of the ways to do so is to refer your friends to Bybit to earn up to 120 MNT.

Following are the rules to note if you would like to participate in this Referral program. You can also view them under the Rules section by clicking on the My Referral Rewardstab of the Bybit Launchpad homepage.

Complete the following steps to receive the specified amount of MNT as a reward for each qualified referral:

1. Share the referral link with your friends.

2. Invite your friends to register with Bybit and participate in the same Launchpad event through the MNT Subscription method, or through the USDT lottery method. 

In order to qualify for the rewards, please take note of the following requirements:

• Your referee should register with Bybit and participate in the same Launchpad event.

• The eligibility period for a Launchpad event is from the event's official announcement to the end of the Subscription period. Please follow Bybit on social media or visit the Bybit Launchpad homepage to check out the schedule for each Launchpad event.

• You can invite up to ten (10) friends and earn a maximum of 120 MNT as reward for each Launchpad event.

• You can't receive rewards for referees who have become Bybit affiliates.

The total MNT rewards will be credited to your Funding Account one month after a Launchpad event is completed if you’ve successfully invited any qualified new users for the event.

High Rewards

If you’re looking for something that gives you large rewards without the high risk, Bybit Launchpad 3.1 is certainly for you. As mentioned previously, Bybit Launchpad 3.1 is relatively low-risk. However, unlike other typical financial instruments that are either “low-risk, low-reward” or “high-risk, high-reward,” Bybit Launchpad 3.1 offers relatively low risk with high rewards. 

By committing a fixed amount of either MNT or USDT tokens, you’ll have the chance to earn a share of new tokens. Furthermore, there are other ways for you to earn MNT tokens that can contribute to your participation in either the Subscription or Lottery. 

Gain Early Access to Promising Projects

Always on the lookout for new promising projects to invest in? Look no further, because Bybit Launchpad 3.1 is exactly where you can do just that. 

After the Launchpad event is over and liquidity conditions are met, the new token Spot pair will go live. Since you’ll already have received new tokens as part of your participation in the Launchpad event, you’ll be getting a head start. If the value of the token appreciates in the future due to the project’s potential, you can sell your tokens and maximize your returns. This is the perfect way to earn profits in a short period of time. 

You can choose to be a HODLer and hold your tokens long-term, or immediately start trading with Bybit. 

Security of Projects Is Verified

Afraid that the early projects you find on Twitter may very well turn out to be rug pulls? Don’t worry — because Bybit takes pride in ensuring that all Launchpad projects listed on our platform are verified. 

Attracts Individual Investors

Unlike traditional stock IPOs, in which only professional investors such as venture capitalists and company insiders have a chance to get in early on promising projects, Bybit Launchpad 3.1 gives every investor — including individual investors — an equal opportunity to acquire tokens from a new project. It’s the perfect platform for you to earn new tokens without having to commit large sums of crypto. 

The Bottom Line

Bybit Launchpad 3.1 is a great way for both beginning and experienced traders to diversify and grow their holdings. It serves as a platform to give you exposure to early projects that could have a lot of potential in the future, and provides you with the opportunity to get a head start. 

Get started with Bybit Launchpad 3.1 by signing up for a Bybit account and committing MNT or USDT tokens during the respective Launchpad periods!

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