1. What is a Launchpad?
A Launchpad is a platform provided by crypto exchanges like Binance and Bybit to help new blockchain projects raise funds and distribute tokens. It allows investors to buy new cryptocurrencies before they are listed on the market, often at a lower price.
2. How Does Launchpad Work?
Launchpad follows these steps:
- Project Announcement: The exchange announces a new project and its token sale.
- User Participation: Users commit funds (usually in BNB, USDT, or other tokens) to buy new tokens.
- Token Distribution: After the event, tokens are allocated based on the amount committed.
3. How to Join Binance Launchpad
Step 1: Register on Binance
- Create an account on Binance.
- Complete KYC verification.
Step 2: Check Available Launchpad Projects
- Go to the Launchpad section on Binance.
- Review upcoming and active projects.
Step 3: Commit BNB for Token Allocation
- Hold BNB in your wallet to be eligible.
- Subscribe to the project by committing BNB during the subscription period.
- After allocation, receive new tokens in your wallet.
4. How to Join Bybit Launchpad
Step 1: Register on Bybit
- Sign up on Bybit.
- Verify your identity.
Step 2: Participate in Token Sale
- Go to Bybit’s Launchpad section.
- Review project details and eligibility requirements.
Step 3: Commit USDT or BIT Tokens
- Stake USDT or BIT tokens to buy new tokens.
- Receive new tokens after distribution.
5. Risks & Considerations
- High Competition: Demand for popular projects may be high.
- Market Volatility: Token prices can fluctuate after listing.
- Lock-in Periods: Some projects may require you to hold tokens for a period.
6. Conclusion
Binance and Bybit Launchpad offer great opportunities to invest in new crypto projects early. However, it’s important to research each project carefully and assess the risks before committing funds.
📌 Start trading and investing today:
- Exness: Register now
- Binance: Join now
- Bybit: Open an account
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