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Bybit App’s Lite mode is specifically designed for beginners and traders who need quick access to basic products on the platform. Lite makes it extremely easy to use Bybit products that earn you rewards and new tokens, including Megadrop, Easy Earn and Launchpool.
In this article, we’ll focus on Bybit Launchpool, which lets you stake your crypto to earn tokens of new, high-potential projects before their public release on the main trading platform. Launchpool events are among the most flexible in Bybit’s suite of products, allowing you to join or unstake at any time.
Key Takeaways:
Bybit Launchpool is a product that lets you earn tokens of new, high-potential crypto projects before their release on the main Spot market.
Bybit App’s Lite mode allows you to access Launchpool offers and join them by flexibly staking specified crypto assets in just a few taps.
Bybit Launchpool allows you to stake select cryptocurrencies on the platform to earn rewards through tokens of new, promising projects before their public release. For each Launchpool event, you can stake a specified crypto asset, and have your earnings in early-stage tokens distributed daily.
The tokens you can earn via Launchpool belong to projects that have been carefully vetted by Bybit, protecting you from the scams that abound in the world of new cryptocurrencies. These tokens may also be tradable on Bybit’s Pre-Market Trading platform before their listings on the main Spot market.
By providing a high degree of flexibility, Launchpool campaigns allow you to unstake your funds at any time.
Each Launchpool event becomes available for a limited period, during which you can join at any moment by staking one or more accepted tokens. Your earnings in new, pre-release tokens are calculated on an hourly basis. Earnings accumulated over 24 hours are released to you once a day, a few hours after 12AM UTC.
The hourly calculation means that staking — even for less than a day — still qualifies you for your share of rewards.
Participation in Launchpool campaigns is open to any individual Bybit user with verified identity.
Before accessing Launchpool on Bybit Lite, ensure that you’ve downloaded and installed the Bybit App, registered your Bybit account, verified your identity and funded your account via one of the available methods, such as One-Click Buy, Internal Transfer, Convert, Crypto Deposit or Fiat Deposit.
To start earning with Launchpool, follow the steps below:
Step 1: Open the Bybit App and ensure that you’re using the Lite mode by tapping on Lite at the top of the screen.
Step 2: Tap on the user icon at the top left.
Step 3: Tap on All Services, and then on Launchpool.
Step 4: On the Launchpool page, scroll through available offers and tap on Stake Now next to your preferred option.
Step 5: In the Stake field, enter your preferred staking amount (or tap on Max to use the maximum possible amount in your account). If you’d like to borrow for leveraged staking (available only in some campaigns), tick Borrow & Stake and enter the preferred loan amount (or tap on Max to borrow the maximum possible for the campaign and your account). Finally, tick the box to acknowledge that you agree to the Launchpool Service terms, and tap on Stake Now to join your chosen campaign.
Bybit Lite makes it a breeze for beginners to access Launchpool offers and stake to earn tokens of high-potential, early-stage crypto projects. With the ability to join an active campaign or unstake at any time, hourly reward calculations and daily disbursements of rewards, Launchpool is one of the most flexible ways to receive free tokens on Bybit.
If you’re looking for more diverse or advanced options to grow your earnings on the platform beyond what’s offered in Bybit Lite, you can always switch to the app’s Pro mode to explore additional trading and investment services and events.
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