Cryptocurrency News

How Bybit Launchpad 3.0 Could Become the Go-To for New Token Sales

By August 30, 2023 No Comments
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Key highlights

  • Bybit is taking a bold new approach with their Launchpad 3.0 platform that aims to shake up how new crypto projects launch their tokens.
  • With its emphasis on transparency, Bybit’s streamlined model just might set the new gold standard for how crypto startups attract early backers.
  • With just a bit of verification and some deposited crypto dough, you too can qualify for allocations of new token allocations.

Bybit, one of the largest cryptocurrency exchanges by volume, just rolled out an updated token launch platform that aims to bring more transparency and opportunities to early investors. Called Launchpad 3.0, this program offers a streamlined bridge connecting promising blockchain projects with potential backers seeking pre-listing access.

How it Works

Launchpad 3.0 operates somewhat like a crowdfunding model. Projects provide details on their upcoming token sales, while investors commit specific amounts of tokens like Mantle (MNT) or Tether (USDT) to the projects they want to support. In return, they receive an allocation of the new tokens once the commitment period ends. Their original funds are then returned.

To participate, users simply need to complete Identity Verification Level 1 on Bybit and deposit supported crypto into their wallets. An added perk: those with higher average daily trading volumes on the exchange can qualify for increased allocations across multiple token launches.

Transparency is Key

By centralizing the pre-listing process directly on its platform, Bybit aims to bring more transparency compared to current industry norms. Projects avoid complicated mechanics like private presales with unclear terms. Investors get direct access to vetted opportunities and don’t need to worry about rugs pulls or distribution issues down the line.

As Bybit co-founder Ben Zhou explains, Launchpad 3.0’s streamlined approach “is bringing innovative blockchain projects to the forefront” by welcoming quality startups and enabling users to get in early. It’s a win-win model that could set a new standard for transparent crypto launches.

First Launch Features Cashtree

Indonesia-based Cashtree is the maiden project featured on Bybit Launchpad 3.0. As one of the largest mobile advertising platforms in the region with over 20 million active users, Cashtree is transitioning to a blockchain-powered loyalty and rewards system leveraging the Mantle network.

By introducing its native CTT token, Cashtree aims to onboard its large user base to the world of cryptocurrency. Coin holders can look forward to benefits like gaming perks, financial services access, and more engagement opportunities as Cashtree evolves into a full-fledged gateway for mainstream crypto adoption.

The successful launch of such a sizable project bodes well for Bybit Launchpad 3.0’s ability to introduce worthwhile investments to eager users. With its emphasis on transparency and equal opportunities, the platform may become a trusted hub for pioneering new blockchain businesses and rewarding their supporters.