Bybit Launchpad vs Legion

How Bybit Launchpad vs Legion compare on our ratings, launchpad specs, funding, pros and cons.

VS
Legion4.2/5
Feature
Ratings
Our score3.3/54.2/5
User ratingNo reviews yetNo reviews yet
Track record of launches4.03.5
Project vetting3.04.5
Fairness & access3.54.5
Costs2.54.5
Transparency3.04.0
Specs
Launch typesIDO, IEOToken sale (ICO)
ChainsNot disclosedEthereum
How allocations workMNT commitments use a subscription model. USDT commitments use a lottery model. Sales move through Snapshot, Subscription, Distribution and Launch stages.Merit-based allocations determined by Legion Score rather than token staking
Staking needed for allocationsNot disclosed No
KYC required Yes Yes
Open to US usersNot disclosed No
FeesNot disclosed0% participation fee for investors
Notable launchesNot disclosedYield Basis, Giza, Sport.fun, Fuel, Jumper
Company
Founded20212022
HeadquartersUnited Arab Emirates—
InvestorsNot disclosedBrevan Howard, Brevan Howard Digital, VanEck, Bitscale Capital +20
Strengths and weaknesses
Pros
  • 87 projects facilitated by July 2026
  • $1.56 billion in reported funds raised by July 2026
  • Supports subscription and lottery allocation models
  • Has concluded 35 IEOs
  • No platform token purchase or staking required to earn sale allocations
  • Allocates access using Legion Score signals from on-chain and developer activity
  • Official token sale underwriting partner for Kraken Launch
  • 0% base participation fee for token buyers
Cons
  • Level 1 or business verification is required
  • Restricted-country rules limit participation
  • MNT allocations expose participants to platform-token price risk
  • USDT lottery commitments may produce no allocation
  • Strictly unavailable to residents in the United States and the United Kingdom
  • Mandatory KYC and proof-of-address checks eliminate anonymous participation
  • Purchased tokens remain exposed to post-listing price drops and vesting lockups
Best forExisting Bybit account holders, MNT holders seeking allocations, Users joining exchange token salesActive on-chain contributors and developers, Non-US retail crypto investors, Buyers avoiding token-staking launchpads

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