What is ByStarter?
ByStarter is a token distribution platform where users can gain early access to invest in top-tier digital assets, though token listings are not guaranteed. It typically features early-stage projects that have undergone rigorous vetting but aren't yet listed on centralized exchanges. Projects that have completed an Initial Exchange Offering (IEO) may also participate.
👉 Discover how ByStarter works
Who is eligible to participate?
- Users must complete individual KYC verification.
- Participation is restricted for users from the European Economic Area (EEA) and other excluded regions.
- Corporate/business accounts are ineligible.
What are the Genesis Offer types?
- Whitelist Genesis Offer: Exclusive to users pre-approved via project-specific whitelists. Requires KYC and minimum token holdings.
- Public Genesis Offer: Open to all qualified Bybit users meeting KYC and token requirements.
How does the distribution process work?
- Registration Period: Complete KYC, meet asset requirements, and commit tokens.
- Distribution Period: Winners are randomly selected.
- Results Announcement: Tokens are allocated to winners' funding accounts.
| Phase | Key Actions |
|---|---|
| Registration | Commit tokens after passing KYC/whitelist checks. |
| Distribution | System randomly allocates tokens; no user action required. |
| Results | Tokens are unlocked and credited to winners' accounts. |
Whitelist Verification Methods
Projects may validate participants via:
- Wallet Address Checks: Link a pre-approved wallet to your Bybit account.
- Bybit UID Checks: Submit your UID if listed in the project’s whitelist.
Token Commitment Rules
- Each user can commit tokens once per project.
- Committed tokens are locked until distribution ends.
- Supported tokens: USDT/USDC (varies by project).
FAQ Section
Q: Can I increase my VIP level after committing tokens?
A: No. Upgrade before committing to benefit from higher allocation limits.
Q: What happens if I win a partial allocation?
A: You’ll receive a proportional amount of new tokens, and remaining committed tokens are refunded.
Q: Are sub-accounts eligible?
A: No, only primary Bybit accounts may participate.
👉 Learn more about token distribution
Key Terms
- Lockup Period: Temporary hold on project tokens post-distribution.
- Vesting: Gradual release of tokens to early investors.
ByStarter adheres to strict compliance. Violations (e.g., multi-account usage) may lead to account suspension.
Disclaimer: Participating regions and project requirements vary. Always check the official ByStarter page for updates.