Spot X: One-stop service to earn more from spot listing

Spot trading is the go-to method for many traders because of its simplicity. After all, you simply need to buy and sell your desired cryptocurrency at the current market price to earn quick short-term profits. And now, with Bybit’s Spot X, Spot traders can easily reap even more crypto token rewards through our variety of Spot listing products, all within a single interface.

Key Takeaways:

• Spot X streamlines access to various listing events, offering a one-stop service for Spot traders seeking new crypto opportunities.

• From Token Splash to Launchpool, Spot X introduces a range of events, each catering to specific preferences, enabling users to engage with pre-listed tokens, stake for rewards and participate in voting campaigns.

What is Spot X?

Spot X is a platform aggregating all of Bybit’s latest Spot listings on one page via various events: Launchpool, Token Splash, Puzzle Hunt, Megadrop, ByVotes, Airdrop Hunt, Launchpad and ByStarter. Each of these events promotes specific in-demand or upcoming crypto projects with associated rewards in various ways.

With Spot X, you can assess ongoing projects before participating in prize pools and review past projects' performances, even if their campaigns have ended, in order to learn more about the tokens before trading in them.

Advantages of using Spot X

Spot X offers several advantages for Spot traders, as listed below: 

• One-stop service — Spot X helps optimize user experience, creating a convenient and comprehensive journey for Spot traders who may be on the lookout for exciting new cryptocurrency projects.

• Easy access to latest products — Spot X provides users with effortless access to a diverse range of events that promote various popular or emerging crypto projects in which they can participate in to earn rewards.
• Real-time Insights — Spot X provides real-time information, serving as a direct source for users to stay informed about the latest listings and receive numerous rewards.
• User-friendly — Spot X’s user-friendly interface empowers users to navigate dynamic market trends easily and enjoy the rewards of discovering new tokens.

Products on Spot X

Spot X shows a transparent overview of the total number of participants in the eight products, as well as the total amount they’ve invested and the total prize pool. It even includes an average percentage increase in the value of the sale price of a token during the first week after its launch, which helps you better estimate your potential earnings from your investments. Each of these figures is further broken down and reflected for each campaign.

Launchpool

Launchpool lets you stake tokens to earn newly listed project tokens as yield. A warming period typically precedes these events — that is, tokens you stake during the period activate automatically once the event begins, though yield only accrues during the live staking period itself.

VIP users unlock higher staking caps and, for some events, elevated APRs. Meanwhile, new users receive a higher staking cap for seven days after registering, while new VIPs receive a similar benefit for 30 days after upgrading.

Your investment can be unstaked at any time, and any tokens remaining unstaked at the end of the event will automatically be returned to your account.

Launchpool yields are credited to your Funding Account daily, typically within a few hours after 00:00 UTC, as long as the accrued amount is at least $0.01.

Launchpool also features a Borrow & Stake function that allows you to borrow from Bybit Crypto Loans with up to 3x leverage — for example, using 100 Tether (USDT) as principal to borrow 300 USDT and stake 400 USDT in total. Interest is charged at an hourly rate, similar to other standard Bybit Loan products. 

If you hold your Launchpool position until the end of the staking period, the system automatically repays the loan and interest, returning any remaining principal to your Funding Account.

Launchpool positions aren’t liquidated. Instead, if accrued interest reaches 98% of your staking principal, the system auto-redeems your position, and any remaining tokens are returned.

Token Splash

Token Splash offers new token listings with their associated prize pools, with three ways for users to earn rewards:

1. The Deposit path requires you to accumulate deposits of the specified token above the minimum required amount. 

2. The Deposit & Trade path combines a USDT-equivalent deposit, with a minimum purchase of the listed token via eligible trade types. 

3. The Trade path focuses purely on your reaching a minimum trading volume threshold for the token through eligible trade types.

All the deposits made during the event period — including deposits made through on-chain transfers, P2P and One-Click Buy — will be considered in the calculation to determine your eligibility for rewards. However, it’s important to note that deposits made via internal transfers are excluded from calculations. 

While you can only take part using your main account, all Spot trades performed via Subaccounts or Spot Grid Bot will be taken into consideration. You can claim your rewards within 14 days after the Token Splash event ends. You may join multiple Token Splash events, but new users are limited to one New-User Exclusive event, and then classified as existing users for others. If you register for a Trade and Earn task as a new user, you're automatically enrolled in Deposit and Earn for that event, and cannot join the same task in other concurrent Token Splash events.

Puzzle Hunt

Puzzle Hunt is a task-based reward event in which you collect puzzle pieces to enter Lucky Draws and qualify for grand prizes. 

To participate, you complete tasks across a variety of categories, including daily check-ins, Spot trading, deposits, borrowing via Crypto Loans, inviting friends to the event, using the Convert function, margin trading and, in some events, additional bonus tasks. 

Each task grants one or more pieces, and collecting any three consecutive pieces earns one Lucky Draw chance. You can earn up to three such chances per event. Completing the full puzzle qualifies you for grand prizes, which are distributed on a first-come, first-served basis. 

To speed up the collection process, you can share the puzzle pieces with your friends. This is particularly helpful when you receive a duplicate piece, since puzzle pieces are distributed at random. Please note that you can only participate in one New-User Exclusive task if you’re a new user.

Please note that Lucky Draw participation remains open for up to 72 hours after each event ends.

Megadrop

Megadrop ties Fixed-Term Bybit Easy Earn subscriptions to token airdrop allocations, giving you early access to project tokens before they’re listed.

No manual registration is required. You simply participate by subscribing to designated Fixed-Term products, such as Mantle (MNT) or USDT Fixed-Term plans. The Megadrop system takes random hourly snapshots of your Fixed-Term holdings daily, and you accumulate points based on your balance and each product's point multiplier. Daily snapshot results are published at 8 AM UTC the following day.

You can boost your point multipliers by completing daily tasks after subscribing. Tasks refresh every 24 hours, so consistent completion maintains the higher multiplier throughout the campaign. After the campaign, rewards are distributed proportionally — your share equals your total accumulated points divided by the pool's combined points, multiplied by the total reward allocation. Please note that early redemption is not available for Fixed-Term Easy Earn products.

ByVotes

ByVotes is a community voting event in which you use voting vouchers to support your preferred crypto project for a potential listing on Bybit's Spot market. 

It runs in two main stages: 

1. The Snapshot phase, during which your eligible stablecoin holdings determine your daily voting vouchers

2. The Voting period, when you deploy your vouchers toward your preferred project.

 A project gets listed if it receives enough community support. Voters who have backed a successfully listed project may be eligible for rewards.

To participate, navigate to the ByVotes Spot page and cast your votes using available vouchers. Please note that Subaccounts cannot vote directly. Only the Main Account can participate. However, eligible asset holdings, such as Tether (USDT), USDC (USDC), Ethena USDe (USDE), USDD (USDD), Dai (DAI) and Cap USD (CUSD) — across all Subaccounts — are included in the Main Account's daily snapshot.

Vouchers are issued at a 1:1 ratio to the previous day's 24-hour average asset value, capped at 500,000 per day, and are reset on the first day of each month. If your 24-hour average falls below $100, you receive no vouchers the next day. You can vote for a project multiple times throughout the voting period. Each session allows a minimum of 100 votes,  with a maximum of 10,000 votes per project.

Airdrop Hunt

Airdrop Hunt is a lottery-based event tied to task completion around newly listed tokens on the Bybit Spot market. To qualify for the lottery, register on the project landing page and complete all required tasks. 

These tasks typically include the following:

• Social Media tasks require you to follow Bybit and the project's social media accounts, and to repost specified content

• Deposit tasks require you to accumulate deposits of the relevant token or USDT above the minimum threshold

• Spot Trading tasks require at least a minimum trading volume via eligible trade types

• Project Interaction tasks involve a questionnaire submission

After the event concludes, winners are selected using the last digit of the first Bitcoin (BTC) block hash after 1AM UTC on the closing day. Rewards will be credited to the winners' Bybit Funding Accounts within seven days after the event ends.

Launchpad

Bybit Launchpad offers you access to promising early tokens at their pre-listing stage. There are two subscription methods running in parallel: MNT and USDT. 

Under the MNT subscription method, your token allocation is proportional. It’s calculated as follows:

MNT you’ve committed ÷ total MNT committed by all participants × total project token allocation 

Your MNT tokens can be committed multiple times during the subscription period. 

Under the USDT subscription method, participation is lottery-based. You commit 100 USDT to subscribe to your lottery tickets, with VIP users automatically receiving additional tickets and non-VIP users able to unlock extra tickets by meeting asset or trading volume thresholds.

Both methods follow the same three stages of Snapshot, Subscription and Distribution periods. 

During the Snapshot period, hourly snapshots updated at 3 AM UTC daily record your average MNT or USDT balance, determining your maximum commitment cap or ticket count. MNT and USDT balances from Subaccounts are included in the Main Account snapshot, though only the Main Account can participate. During the Subscription period, you commit tokens via the Commit Now button on the Launchpad page. The cycle ends with the Distribution period, during which allocations are finalized and tokens credited.

ByStarter

ByStarter provides access to early-stage tokens before standard Spot listings via two offering types: Whitelist Genesis and Public Genesis. 

The Whitelist Genesis offering is restricted to users who have secured whitelist status through the project's community, completed whitelist verification on the landing page, and hold the minimum required token amount. 

The Public Genesis offering is open to all eligible Bybit users who meet individual KYC requirements and hold the minimum required token balance. No whitelist is needed in this mode.

Each ByStarter event moves through three phases: 

• During the Registration period, you contribute USDT or USDC; each user is limited to a single contribution. 

• During the Distribution period, the system randomly selects winners. Both Whitelist and Public Genesis offerings include full and partial allocations whereby full winners receive project tokens in exchange for their contributed amount, and partial winners receive a proportional allocation with the remainder returned. 

• Public Genesis offerings additionally include a third outcome: non-winners, who receive their full contribution back. 

After the results of the ByStarter event are announced, tokens are unlocked in batches and airdropped to winning accounts. 

In addition to the three main phases, depending upon the token requirements, a Lockup period or a Vesting period may also be included. 

Conclusion

Spot X is tailored to cater to the needs of Spot traders who are perpetually seeking new tokens for investment opportunities. With its user-friendly interface, Spot X provides access to eight distinct products, all conveniently navigable within a single page. This consolidated approach simplifies the process of exploring and participating in various events, making it effortless to stay informed about potential investment opportunities.

Whether you’re a seasoned trader or new to the world of Spot trading, Spot X aims to enhance your token discovery journey, offering a unified and efficient platform for uncovering the latest and most promising tokens in the market.

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