MiCA-compliant ICO underwriting platform allocating token sales via on-chain reputation rather than staking
KYC requiredToken sale (ICO)EthereumYield Basis · Giza +3
Bybit Launchpad
Bybit-backed token launchpad founded in 2021, with 87 projects by July 2026
3.3/ 5
Our score
Fair
Launch types
IDOIEO
KYC required
Yes
What is Bybit Launchpad?
Bybit Launchpad is a token-sale platform backed by the Bybit exchange. Founded in 2021, it has facilitated 87 crypto projects and $1.56 billion in total funds raised as of July 2026. Its launches have used IEO, IDO, and INO formats. Projects can move from sale stages to Bybit listings.
Company and team
The product is operated by Bybit, whose co-founder and CEO is Ben Zhou. Zhou previously worked as China General Manager at forex brokerage XM. Bybit was founded in 2018 and is headquartered in Dubai, United Arab Emirates, after moving its headquarters there in 2022. The wider executive team includes CTO Owen Zhuang and COO Helen Liu.
How participation works
Launchpad participation takes place through a Bybit account. Eligible sales use a Snapshot stage, followed by Subscription, Distribution, and Launch stages. Users commit MNT for subscription-based allocations. USDT commitments use a lottery model. ByVotes has also been used to let participants vote for projects being listed on Bybit and receive free tokens.
The wider Bybit ecosystem supports assets across networks including Ethereum, Bitcoin, Tron, Solana, BSC, Mantle, Base, Arbitrum, Avalanche, Sui, Aptos, and Polkadot.
Access and costs
Participation requires Level 1 Verification or business verification. Restricted-country rules apply, and access is not open to every Bybit account. MNT holders face the opportunity cost and price risk of committing the platform token, while USDT lottery participants may receive no allocation.
Track record and risks
Bybit Launchpad had concluded 35 IEOs by July 2026. The reported total of 87 projects and $1.56 billion raised is also dated July 2026. These figures describe platform activity, not the future performance of launched tokens.
Token-sale risks remain substantial. A token can trade below its sale price, while vesting and later unlocks can increase selling pressure. MNT subscription allocations require committing MNT, and USDT lotteries can produce no allocation despite a commitment. Project selection by an exchange does not remove the risk of a failed project or rug pull. KYC and restricted-country rules also prevent some users from joining particular sales.
Founders
Ben ZhouCEO & Co-Founder
Best for:Existing Bybit account holdersMNT holders seeking allocationsUsers joining exchange token salesParticipants accepting KYC restrictions
Pros and cons
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
- Backed by the Bybit exchange
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
- Vesting unlocks can increase post-launch selling pressure
Our review
3.3/5
Fair
Bybit Launchpad offers a structured exchange-based route into token sales, but allocations depend on KYC, MNT or USDT commitments, and restricted-country rules.
Bybit Launchpad is a token-sale product backed by the Bybit exchange. Founded in 2021, it has supported IDO, IEO and INO mechanisms, with sales arranged through Snapshot, Subscription, Distribution and Launch stages. Token-sale risk remains.
Eligible users commit MNT under a subscription model or USDT under a lottery model. Participation requires Level 1 Verification or business verification, and restricted-country rules apply. The product suits Bybit customers who already hold MNT or USDT and accept identity checks. Access is not permissionless, and the product is not open to every Bybit account.
It has facilitated 87 crypto projects and raised $1.56 billion in total funds as of July 2026, while 35 IEOs had concluded by the latest count. Bybit is the parent company, and Ben Zhou is its co-founder and CEO. The wider exchange was founded in 2018 and moved its headquarters to Dubai in 2022.
Allocation outcomes depend on either a subscription commitment or a lottery, so holding MNT or supplying USDT does not guarantee a useful allocation. Buyers still face tokens trading below the sale price, vesting-related selling pressure, project failure and regulatory restrictions.
Participation and compliance are handled through Bybit.
Specs
| Launch types | IDO, IEO · unverified |
|---|---|
| How allocations work | MNT commitments use a subscription model. USDT commitments use a lottery model. Sales move through Snapshot, Subscription, Distribution and Launch stages. · unverified |
| KYC required ⓘ | Yes · unverified |
Not disclosed by the provider: Chains, Staking needed for allocations, Open to US users, Fees, Refund protection, Notable launches.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
IEO and IDO sales
The platform supports IEO, IDO, and INO mechanisms for selected token launches.
MNT subscriptions
Eligible users commit MNT tokens under a subscription model for allocation.
USDT lotteries
USDT commitments use a lottery allocation model in eligible sales.
Staged participation
Launches can move through Snapshot, Subscription, Distribution, and Launch stages.
ByVotes campaigns
ByVotes lets users vote for projects being listed on Bybit and receive free tokens.
Exchange settlement
Participation takes place through a Bybit account.
Inside Bybit Launchpad
Launchpad
Launchpad provides early access to tokens from selected projects through Bybit. Sales can use IDO, IEO or INO mechanisms and move through Snapshot, Subscription, Distribution and Launch stages.
What users say about Bybit Launchpad
The posts do not provide enough specific, firsthand feedback about Bybit Launchpad to identify recurring strengths or complaints. Most relevant posts concern Bybit’s wider exchange, account reviews, withdrawals, cards, or promotions rather than Launchpad.
Scam warning: Imposter websites pretending to be Bybit can mislead users into sending funds or sharing account details.
Based on 200 Reddit posts and comments from the last 12 months, checked Oct 23, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Bybit Launchpad? Share your experience below.
FAQ
Who founded Bybit Launchpad?
Bybit Launchpad was founded in 2021 as a Bybit exchange product. Ben Zhou is Bybit's co-founder and CEO, and he previously worked as China General Manager at forex brokerage XM.
Does Bybit Launchpad require KYC?
Yes, participation requires Level 1 Verification or business verification. Restricted-country rules also apply.
How are Bybit Launchpad allocations decided?
MNT commitments use a subscription model, while USDT commitments use a lottery model. Sales move through Snapshot, Subscription, Distribution and Launch stages.
Which assets can be used on Bybit Launchpad?
Eligible sales use MNT for subscription allocation or USDT for lottery allocation. The launchpad supports IDO, IEO and INO mechanisms.
How many projects has Bybit Launchpad supported?
Bybit Launchpad had facilitated 87 crypto projects and $1.56 billion in total funds raised as of July 2026. It had also concluded 35 IEOs.
Does Bybit Launchpad have its own token?
Bybit Launchpad uses MNT for subscription allocations, while USDT is used for lottery allocations.
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