Bybit Launchpool: Everything You Need to Know (Updated 2024)
Cryptocurrency enthusiasts are always on the lookout for innovative ways to grow their investments, and Bybit Launchpool offers just that. Imagine staking your favorite tokens to earn new, promising project tokens with no fees involved! With its user-friendly platform, competitive yields and enhanced liquidity, Bybit Launchpool is transforming the way investors engage with emerging cryptocurrencies. This comprehensive guide will provide you with everything you need to know about maximizing your earnings through Bybit Launchpool.
Key Takeaways:
Bybit Launchpool is an innovative asset issuance platform that allows users to stake a variety of cryptocurrencies, including stablecoins, to earn new project tokens without any fees, providing both casual and experienced investors with an easy and rewarding staking experience.
Its platform offers competitive APRs, with users gaining early access to new tokens and potentially profiting from price gains as demand increases after listings.
Bybit Launchpool accelerates reward distribution, with earnings credited within hours and daily yield calculations based on real-time staking data for transparency.
VIP members enjoy higher APRs and early access to new projects, making Bybit Launchpool especially appealing for serious investors looking to maximize returns.
What Is Bybit Launchpool?
Bybit Launchpool is an innovative asset issuance platform that enables users to discover quality crypto assets. By staking your cryptocurrency, you gain direct access to new tokens from vetted, emerging projects, providing a unique opportunity to engage with new ventures.
How Does Bybit Launchpool Work?
You begin by creating an account on Bybit and selecting a token to stake. Once staked, the yield starts accruing the day after staking (T+0.5), with daily payouts to your funding account starting just a few hours later after 23:59:59 UTC on the same day they were calculated. Multiple snapshots are taken randomly throughout the day to ensure accurate yield calculations. The daily yield is calculated based on the prize pool of the selected token, divided by the total amount of tokens staked by all participants that day. Users can unstake their tokens at any time.
How to Calculate Estimated APR
The estimated annual percentage rate (APR) for each pool is determined by the total number of tokens staked and the prize pool allocated for rewards. This means that as more users join and stake tokens, APR may decrease due to the increased total staked amount.
How to Calculate My Daily Yield
To calculate your daily yield, use the following formula:
(Staked Tokens / Total Tokens Staked by All Participants) × Daily Prize Pool
Note that you'll only receive a payout if your yield equals or exceeds $0.01.
Historical Returns
Bybit Launchpool has had an impressive run, featuring several successful projects that demonstrate its potential for substantial returns. For example, the Cats token (CATS) achieved an APR of 1,406.30%, while the Phaver token (SOCIAL) delivered a notable 1,334.59%.
Features of the New Bybit Launchpool
Bybit Launchpool has introduced several enhancements that improve user experience and increase earning potential
More Chances to Earn
The new Bybit Launchpool allows you to stake an increased variety of tokens, providing multiple opportunities to earn rewards. Participants can select from different projects and pools, enabling them to diversify their staking strategies and maximize their potential returns. This flexibility encourages broader participation and engagement with emerging cryptocurrency projects.
More Yields
Another key upgrade is the chance to earn higher yields. By staking tokens in the Launchpool, users can acquire listing tokens before they officially hit the market. This early access provides the potential to profit from price gains as demand for these tokens grows after listing, offering an edge over traditional trading.
Get Rewards Faster
The updated mechanism for reward distribution allows users to more quickly receive their earnings. Instead of waiting for days to receive their yields, users now receive their rewards within just a few hours after the calculation period. This faster payout system enhances liquidity and makes it easier for participants to reinvest or use their earnings sooner, adding convenience to the overall experience.
New Bybit Launchpool vs. Old Bybit Launchpool
Bybit Launchpool has seen major improvements that enhance both its functionality and user experience, setting it apart from its previous version in several important ways.
Staking Pool
In the previous version of Bybit Launchpool, users typically had access to three pools: the Listing Token Pool, MNT Pool and USDT Pool. This limited selection restricted users' options for staking and earning rewards. The new Bybit Launchpool expands this offering by supporting a broader range of ecosystem tokens for staking in the future. This includes major cryptocurrencies like SOL, SUI, ETH and even BTC. Bybit is positioning itself as a pioneer among top centralized exchanges (CEXs) by providing more choices to users and emphasizing the importance of the crypto ecosystem.
Staking Period
The staking period has also undergone a transformation. Previously, users were required to stake their tokens for a fixed duration of seven days, starting at the same time as the token listing. This rigid structure limited flexibility, and made it challenging for users to adapt their strategies based on market conditions. In contrast, the new Bybit Launchpool introduces a flexible staking period, allowing users to stake tokens either before or after a project's listing. This flexibility empowers participants to make more strategic decisions regarding their investments.
Yield Distribution
Yield distribution mechanisms have been significantly improved in the new Bybit Launchpool. In the previous version, yields were credited to users' accounts at T+2 (two days after staking), with a potentially frustrating delay for users eager to see their earnings. The updated system accelerates yield distribution from T+2 to T+0.5, meaning that rewards are now credited just a few hours after 23:59:59 UTC on the same day they were calculated. This rapid payout enhances user satisfaction and allows participants to reinvest their earnings more quickly.
Snapshot Rules
Snapshot rules have also changed in the new Bybit Launchpool. Previously, effective staking amounts were calculated daily, with yield calculations starting on the next day (T+1) after tokens were staked. The new system utilizes multiple random snapshots throughout the day for more accurate yield calculations. This improvement ensures that users' yields reflect real-time participation levels, and creates a fairer distribution of rewards.
Staking History
The visibility of staking history has also been enhanced in the new Bybit Launchpool. In the previous version, users could view their effective staked amount and daily staked amount, but had to manually unstake their tokens within two days after the launchpool ended; otherwise, their staked tokens would be automatically refunded. The new system simplifies this process by removing these specific metrics from visibility and automatically refunding staked tokens as soon as the launchpool ends. This change streamlines user interactions with the platform and reduces potential confusion regarding unstaking procedures.
Benefits to Using Bybit Launchpool
Bybit Launchpool offers a range of benefits for users looking to grow their crypto investments. By staking tokens, you can earn additional coins — including exposure to new cryptocurrencies — while generating passive income through daily rewards. The platform’s flexibility allows you to unstake tokens at any time, maintaining liquidity without any fees.
Additional Benefits for VIP Users
VIP users on Bybit enjoy higher estimated APRs as compared to regular users, allowing them to earn more from their staked assets — an appealing benefit for those with larger investments. They also gain priority access to new projects and tokens, which gives them a head start on emerging opportunities before they become widely available.
How to Get Started With Bybit Launchpool
Bybit Launchpool makes it easy to stake your cryptocurrencies and earn new tokens. Please note that you’ll need to create a Bybit account and complete Identity Verification before you can proceed with Bybit Launchpool. If you don’t already have a Bybit account, you can follow our guide here.
Once you’ve created your Bybit account, here’s how to get started with Bybit Launchpool.
Step 1: Log in to your Bybit account and hover your cursor over the Trade tab on the navigation bar at the top of the page. Then, hover your cursor over Spot X and click on Launchpool.
Step 2: Scroll down to view the available Launchpools. Then, click on the Register to Participate button of the corresponding Launchpool you would like to participate in.
Step 3: After you’ve successfully registered for the Launchpool, select your preferred staking pool and click on the corresponding Stake to Earn button.
Step 4: Input the amount you would like to stake, read and agree to the terms, and click on Confirm.
Congratulations! You’ve successfully staked tokens for a Launchpool project!
To view your staked tokens, simply navigate to the Launchpool Staking History page by clicking on Staking History on the Launchpool homepage.
Once you’ve earned enough tokens (worth a minimum of $0.01), they’ll be automatically credited to your account.
Trading Launchpool Tokens on Bybit Pre-Market
Bybit's Spot Pre-Market Trading product allows users to trade Launchpool-listed tokens before they officially debut on the Spot market. To participate, users must create an account and upgrade to a Unified Trading Account. The trading process involves two key roles: Makers, who place orders at set prices, and Takers, who fulfill these orders completely. Both parties incur transaction fees, and sellers must provide collateral based on each token’s risk. If a seller fails to deliver on time, the buyer receives a portion of the collateral as compensation. This feature not only gives traders early access to new tokens but also aids in determining the market value of each token, enhancing the overall trading experience and offering opportunities for potential profits.
Should You Try Bybit Launchpool?
Bybit Launchpool is an exciting opportunity for cryptocurrency enthusiasts to earn new tokens by staking their existing assets. You can stake various cryptocurrencies, including stablecoins, to receive rewards in the form of newly minted tokens from the latest projects, all without incurring any fees. The ability to unstake tokens at any time enhances Bybit Launchpool’s appeal for both short-term and long-term investors.
One impressive feature of Bybit Launchpool is its potential for high returns. You can benefit from competitive APRs, especially during the launch of promising new projects. The platform's user-friendly interface makes the staking process simple, ensuring that even those new to cryptocurrency investments can participate with ease.
Bybit Launchpool also supports a diverse range of tokens, allowing users to spread their investments and mitigate risk. Daily yield calculations are transparently based on the amount staked relative to the total pool, making it easy for participants to clearly understand how their earnings are generated.
For VIP users, enhanced benefits such as higher APRs and priority access to new projects make this feature even more attractive for serious investors aiming to maximize their returns. Overall, Bybit Launchpool offers a unique chance to engage with emerging projects while you earn rewards, making it a worthwhile option for anyone interested in cryptocurrency staking.
The Bottom Line
Bybit Launchpool provides an excellent opportunity for cryptocurrency enthusiasts to earn new tokens through staking, with no fees involved. The platform offers competitive APRs, a user-friendly interface and the flexibility to unstake your tokens at any time. With diverse token options and transparent daily yield calculations, Bybit Launchpool caters to both casual and serious investors, making it a valuable tool for anyone looking to engage with emerging projects while generating passive income.
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