Bybit Exchange periodically offers cryptocurrency staking opportunities to earn new tokens—one of which is their Launchpool program. This guide will walk you through how to participate, manage risks, and maximize rewards.
What Is Bybit’s Launchpool?
Launchpool allows users to stake supported cryptocurrencies (e.g., USDT) to earn newly listed tokens without upfront costs. Key features:
- Zero-cost entry: Stake and unstake anytime.
- Daily rewards: Payouts scale with staked amount.
- Flexible durations: Typically 7-day campaigns.
"Stake specified tokens for 24+ hours to share the daily reward pool. Higher stakes = larger rewards!" — Bybit Official Description
Risks and Mitigation Strategies
While lucrative, consider these risks:
- Exchange risk: Sudden platform insolvency.
- Market risk: Price volatility of staked assets.
How to Minimize Exposure:
- Transfer funds only during active campaigns.
- Stake stablecoins like USDT to avoid price swings.
Step-by-Step Guide to Participate
1. Prerequisites
- Bybit Account: Register here (KYC required).
- USDT Funds: Acquire via fiat deposit or another exchange.
2. Transfer USDT to Bybit
- Log in to Bybit → Assets → Deposit.
- Select USDT (TRC20 Network) and copy your wallet address.
- Withdraw USDT from your source exchange (e.g., BitoPro) to Bybit’s address.
👉 Best practices for secure crypto transfers
3. Access Launchpool
- Navigate: Trade → Spot X → Launchpool.
- Select the active campaign (e.g., ENA Pool).
4. Stake USDT
- Choose USDT Pool (100–2,000 USDT range).
- Enter amount → Confirm. Rewards accrue daily.
FAQs
Q: How are rewards calculated?
A: Rewards are proportional to your stake’s share of the total pool. Distributed daily.
Q: Can I unstake early?
A: Yes, but you forfeit unclaimed rewards for that day.
Q: Which tokens support Launchpool?
A: Check Bybit’s announcements. Stablecoin pools (USDT) are common.
Final Tips
- Monitor campaign deadlines (e.g., 04-02 to 04-09 UTC).
- Diversify stakes across multiple pools if available.
- Withdraw funds post-campaign to mitigate exchange risk.
Bybit’s Launchpool offers a low-barrier entry to earn new tokens. Stake wisely, and happy earning!