What is Bybit EU Launchpool?

Bybit EU Launchpool allows you to simultaneously stake multiple crypto to earn project tokens for free, and the staked tokens can be redeemed at any time. Launchpool supports various tokens for staking such as MNT, USDC, project tokens, etc., depending on the specific project. The Terms and Conditions for the Bybit EU Launchpool shall be reviewed and updated regularly.

 

 

 

Who is eligible for Bybit EU Launchpool?

Only users who have completed the Individual Identity Verification requirement are eligible. Please note that enterprises do not qualify for the event. You can click here to complete the verification. Institutions and users from restricted countries/regions are not allowed to participate.

 

 

 

How can I participate in Bybit EU Launchpool?

Simply go to the Launchpool homepage and click on Register to participate in the relevant project. After successful registration, you can proceed to stake and earn tokens for the selected project.

 

 

 

What is the warming period?

Enjoy the convenience of early staking! Tokens staked during the warming period will automatically be effective when the Launchpool starts and can be redeemed anytime. Please note that tokens staked during the warming period will only yield rewards during the Launchpool period.

 

 

 

How can I increase my staking cap?

Unlock Higher Staking Caps for VIPs, New Users, and New VIPs! At Bybit EU, we're dedicated to providing our valued traders with an enhanced experience, offering exclusive benefits and perks for VIP members. Are you a VIP, new to Bybit EU, or recently upgraded to VIP status?

 

New User Benefit:

This Benefit is only available within 7 days after account registration and can be used for ongoing Launchpool projects. The benefit will automatically expire if there are no active projects during this period. Once the benefit is applied to a project, it will remain valid until the end of that specific project.

 

Example:

• Jan, 1st: Bob registers his account

• Jan, 6th: A new Launchpool project goes live, and Bob uses his new user benefit to access higher staking limits. Even though Bob's registration is over 7 days old by Jan 8th, the benefit will continue to apply in that project unless Bob manually redeems staked tokens and tries to stake again.

 

New VIP Benefit:

This Benefit will be activated when a user becomes a VIP for the first time and will be valid for 30 days. If there are no active projects during this period, the Benefit will automatically expire. Once applied to a project, the Benefit will remain effective until the project ends, even if the user's VIP status changes.

 

Example:

• Anne becomes a VIP for the first time and uses this Benefit to increase her staking limit. 

• Later, Anne loses her VIP status during the staking period, but the Benefit will still apply unless she manually redeems staked tokens and attempts to stake again.

 

Please note that these exclusive benefits may vary with each Launchpool event. The maximum staking limit will be applied based on the account status or the benefit used. Visit the Launchpool page for full details on the perks available for each current event.

 

 

 

Can Subaccounts participate in Launchpool?

No, Subaccounts cannot participate.

 

 

 

How are my rewards calculated?

The reward for staking is detailed in the individual pools on the Launchpool page, and your staked amount is calculated based on your effective average stake. Rewards are calculated over a 24-hour event period. If the event period is less than 24 hours on a given day, rewards will be pro-rated accordingly. The final reward amount may vary slightly.

 

We'll take a snapshot of each participant's staked amount at a random minute every hour throughout the staking period. The participant’s average daily staked amount will be calculated based on these hourly snapshots. The specific minute used for each snapshot will be revealed daily after 12AM UTC. The participant's daily Launchpool yield will be automatically calculated based on the average staked amount.

 

Once we calculate the daily average staked amount for all participants, we'll distribute rewards to the participants' Funding Accounts within a few hours after 12AM UTC each day.

 

 

 

How is my effective average stake calculated?

The system will take a snapshot of the user's staked amount at a random minute of every hour during the staking period, and calculate the user's average staked amount daily based on the snapshots taken during the day. The random minute used in the snapshot will be revealed daily after 12 AM (midnight) UTC.

 

Daily random hourly snapshot example:

Assume that Bob staked 1,000 USDC at 8:30 AM UTC on Oct 31 and did not make adjustments until 12 AM (midnight) UTC on the following day, Nov 1.

The system's hourly snapshots on Oct 31 were taken at the 20th minute of every hour. Bob's daily average staked amount would be recorded as follows:

12:20 AM UTC: 0 USDC

1:20 AM UTC: 0 USDC

2:20 AM UTC: 0 USDC

...

8:20 AM UTC: 0 USDC

9:20 AM UTC: 1,000 USDC

10:20 AM UTC: 1,000 USDC

...

10:20 PM UTC: 1,000 USDC

11:20 PM UTC: 1,000 USDC

The daily average staked amount based on hourly snapshots = [(0 × 9) + (1,000 ×15)] / 24

= 625 USDC.

 

 

 

When will I receive my Launchpool yields?

After the system calculates the daily average staked amount for all users, the rewards will be distributed to the user's Funding Account within a few hours after 12 AM (midnight) UTC each day. Please note that there may be a slight delay in the distribution of yield. You will only receive a yield if it’s greater than or equal to $0.01 equivalent.

 

 

 

How can I check the snapshot results/snapshot time?

The Launchpool snapshot results and daily random snapshot times will be displayed under the Effective Avg Staked Amount section in the Launchpool Staking Record on the next day after the daily snapshot ends. You can select a specific date to view the snapshot time and results.

 

 

 

How can I check my staked amount?

You can view your Current Staked Amount in the Launchpool staking history. The current staked amount refers to the amount staked in the token pool at the time of checking, and it is not the same as the snapshot result.

 

 

 

I am a VIP user. Are there any additional advantages when participating in Launchpool?

As a VIP user, you gain access to exclusive benefits when participating in Launchpool events. These exclusive perks include:

• Higher Staking Caps: Enjoy increased staking limits in the pools, allowing you to maximize your participation. You can view the exact staking cap on the  Launchpool event’s page.

 

Please note that VIP-exclusive benefits may vary with each Launchpool event. Visit the Launchpool page for full details on the perks available for each event.

 

 

 

When can I unstake the tokens I've staked?

Your staked tokens can be unstaked anytime. They will be automatically credited to your Funding Account immediately once unstaked. To unstake, please head to the staking records on the Launchpool page.

 

 

 

Can I unstake the tokens I've staked once the staking period ends?

No, once the staking period ends, the Unstake button will be unavailable, and your staked amount will be returned automatically. Please note that there may be a slight delay in returning your staked amount. 

 

 

 

Why doesn’t the staked/unstaked amount update immediately after staking or redeeming tokens?

When users stake or redeem tokens, the system needs to transfer the tokens between the wallet and the staking pool, which takes about 3 seconds to process.

 

 

 

Can I compound my yield?

Currently, compounding is not supported. Your daily yield will not be reinvested automatically to generate additional yield. Instead, you must make a new deposit manually on the Bybit EU Launchpool. However, unstaking will affect your average staked amount, reducing the yield you receive.

 

 

 

Why Was My Staked Token Automatically Redeemed, and Why Am I Disqualified from Launchpool?

To ensure a fair environment for all Launchpool participants, our risk control system monitors and filters data daily. If an ineligible user is identified, the system will automatically unstake their principal and return it to their Funding Account. If the user has loan launchpool positions, the system will also unstake the principal and loaned amount, repay the interest, return the loan to the loan pool, and return the principal to the user. You can view the details of this automatic principal return under the Activity Log tab, labeled as Automatic Principal Return (Ineligible User).

 

Important: Bybit EU reserves the right to disqualify users who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.

 

 

 

How can I participate in the "Launchpool Referral" to earn rewards?

During the new Launchpool event, you can generate your exclusive invitation link code by clicking on Share. Friends who register and participate in the Launchpool project using your invitation link/code during the event period will be considered successful referrals for the new Launchpool event.

 

Each successfully referred friend can bring you additional rewards at the end of the Launchpool event. The rewards will be airdropped to your Rewards Hub after the end of the Launchpool event and you can claim them through your Rewards Hub. Please refer to the details on the Launchpool page for the breakdown of rewards.