Bybit, a marketplace that claims to be “the world’s third most visited crypto exchange” (currently, Kraken is #3 with Bybit in 5th), has announced a revamped version of its launchpad, offering early investors the opportunity to purchase new projects at favorable prices.
The Bybit Launchpad 3.0 is a token launch platform that provides exclusive early access to new and pre-listed tokens from promising projects, directly accessible on the Bybit platform. It acts as a bridge, connecting project developers with potential investors and ensuring a streamlined and transparent token launch process.
To participate in the launch, investors must commit specific amounts of Mantle (MNT) or Tether (USDT) towards each new project, which results in the acquisition of new tokens. Once the commitment period ends, the initial sums are returned to the investors.
The Bybit Launchpad 3.0 is open to users who have successfully completed Identity Verification Level 1 requisites and have deposited MNT or USDT into their Bybit Wallet.
Additionally, Bybit Launchpad 3.0 offers the opportunity to earn additional allocations by maintaining a higher average daily Spot trading volume, thereby enhancing prospects for participating and benefiting from the launch.
Ben Zhou, co-founder and CEO of Bybit, said:
Bybit Launchpad 3.0 is bringing innovative blockchain projects to the forefront. We are providing direct access to pre-listing rounds and facilitating the acquisition of new tokens. These tokens then seamlessly transition to trading on Bybit’s trading platform.
The first project to feature on the Bybit Launchpad 3.0 is Cashtree, Indonesia’s leading mobile advertising platform with a user base of over 20 million. The platform has integrated the Cashtree Token (CTT) into its structure, utilizing Mantle’s Layer 2 infrastructure to transition to a blockchain-based rewards system.
With a focus on becoming a gateway to the crypto world, CTT will introduce users to Web3, offering loyalty programs, GameFi, and financial services.
Bybit, established in 2018, is a top-five cryptocurrency exchange that offers a platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support. It is also a partner of the Oracle Red Bull Racing team, the reigning Constructors’ and Drivers’ champions of Formula One.