Ever wished you could invest in a crypto project before it went mainstream?
For most people, by the time a new token lists on a major exchange, the early buyers have already cashed in. Getting early access has long been a game reserved for insiders, venture capital funds, and lucky whitelist winners.
Kraken has changed that with its Kraken Launch. It’s a platform designed to change that. Built in partnership with Legion, Kraken’s new token launchpad gives verified users a safe, transparent way to join Kraken token sales directly through their existing exchange accounts.
Here’s what Kraken Launch offers:
- Early access to new crypto projects through official Kraken channels
- Transparent, fixed-price token sales with clear participation rules
- Instant token listing on Kraken after the sale (no months-long waits)
- Full compliance with global regulations
Kraken’s debut project, YieldBasis (YB), showed exactly how Kraken is running its crypto launchpad differently: structured, fair, and free from the chaos of old-school ICOs.
In this article, I’ll break down how Kraken Launch works, what makes it unique compared to Binance Launchpad and others, and how to join the next Kraken token launch before the crowd.
Key highlights:
- Kraken Launch is Kraken’s official token launchpad, built with Legion to give users early access to high-potential crypto projects.
- Token sales are transparent, fixed-price, and fully compliant, eliminating the need for staking or lotteries.
- The first project, YieldBasis (YB), showcased fast participation, no lockups, and instant listing on Kraken.
- Unlike Binance Launchpad or KuCoin Spotlight, Kraken’s platform focuses on fairness, accessibility, and regulation.
- Verified users can participate directly through kraken.com/launch, while active community members can boost their chances through the Legion merit system.
What is Kraken Launch (and how it fits into Kraken’s ecosystem)
Kraken Launch is Kraken’s own version of a crypto token launchpad. It’s a platform for discovering and investing in new blockchain projects before their tokens go public.
Instead of using third-party launchpads or sketchy ICO sites, users can join Kraken token sales directly from their Kraken account, with full transparency and compliance.
Why Kraken created its launchpad
Early token sales have often been chaotic. There are unpredictable listings, private deals for insiders, and confusing smart contracts. Kraken wanted to fix that by building a regulated and fair system for early crypto investing.
With Kraken Launch, you can:
- Access vetted crypto projects early
- Join token sales directly within the exchange
- Avoid scams and unclear fundraising structures
It’s a natural extension of Kraken’s mission: combining security, accessibility, and compliance while keeping crypto investing open to everyday users.
The partnership with Legion
Kraken didn’t build its platform alone. It teamed up with Legion, a blockchain fundraising protocol that brings a merit-based allocation model to the table.
Here’s how it works:
- Each participant gets a Legion Score, which reflects on-chain activity and community engagement
- Projects can reward top contributors by reserving a portion of tokens for high scorers
- The rest of the tokens are sold through Kraken Launch on a first-come, first-served basis
This hybrid model combines fairness (equal access for all verified users) with recognition for genuine contributors.
The goal behind Kraken Launch
Kraken is building infrastructure for a more mature crypto fundraising ecosystem. With clear rules, full transparency, and legal oversight (especially under Europe’s MiCA regulations), the platform is designed to make early-stage investing safer while still giving traders access to big upside potential.
Plus, in September 2025, Kraken closed a $500 million funding round at a $15 billion valuation, getting the exchange ready for a 2026 IPO. So Kraken Launch might be another preparatory step for next year’s IPO.
How Kraken Launch token sales work (step by step)
Participating in a Kraken token sale is designed to be simple, transparent, and beginner-friendly. Unlike other launchpads that require staking or complex whitelists, Kraken Launch lets verified users join sales directly from their Kraken account.
I’ll break down the process below.
Step 1: Check your eligibility
To participate, you must:
- Have a Kraken account with at least Intermediate verification
- Reside in an eligible region (the U.S., Canada, and Australia are currently excluded)
- Hold sufficient funds in supported currencies (usually USD, EUR, GBP, USDT, or USDC)
This ensures compliance with regional regulations and prevents abuse by unverified accounts.
Step 2: Discover upcoming sales
Kraken lists all upcoming, live, and past sales on its dedicated Launch page.
Each listing includes:
- The project name and description
- Sale start and end times
- Token ticker and sale price
- Total supply and allocation
- Purchase caps and accepted currencies
Tip: Follow Kraken’s official social channels to stay up to date. New sales are often announced only a few days in advance.
Step 3: Prepare your funds and timing
Before the sale opens:
- Deposit funds in your chosen currency
- Double-check the max purchase limit (e.g., $10,000 in the first sale)
- Log in a few minutes early. Sales are first-come, first-served and can sell out within minutes
This stage is crucial. Being even a minute late can mean you’ll miss your allocation.
Step 4: Join the sale
When the sale goes live:
- Go to Kraken Launch from your dashboard
- Select the active project
- Enter your purchase amount
- Confirm your order
Kraken charges a small 0.5% participation fee (waived for Kraken+ subscribers). If your transaction is completed before the allocation sells out, your order is confirmed instantly. There are no lotteries or waitlists.
Step 5: Token distribution and listing
Once the token’s TGE (Token Generation Event) occurs, Kraken automatically credits purchased tokens to your account.
- Tokens are usually 100% unlocked (no vesting)
- They often list on Kraken within hours of the sale closing
- You can trade or withdraw them immediately
This immediate access is one of Kraken Launch’s biggest strengths. You don’t need to claim tokens or wait for another exchange to list them.
Step 6: Optional: boost your access via Kraken Legion
While Kraken Launch is open to everyone, users who engage through Kraken Legion can sometimes earn early access or reserved allocations.
Legion’s merit-based system rewards genuine crypto contributors, e.g. developers, community supporters, or active users. They get priority for a small portion of future Kraken token sales.
Case study: YieldBasis (YB) – Kraken Launch’s debut token sale
The first-ever Kraken token sale gives a clear picture of how Kraken Launch and Kraken Legion work in practice. Here’s what the project was about, how the sale was structured, and what investors can learn from it.
Project background: what is YieldBasis?
YieldBasis (YB) is a Bitcoin-native yield protocol founded by Michael Egorov, the creator of Curve Finance. Its goal is to help BTC and ETH holders earn higher yields without the usual risks of impermanent loss or AMM volatility.
The project integrates closely with Curve DAO and received approval for a crvUSD credit line to bootstrap liquidity for BTC pools. The move immediately linked YB to one of DeFi’s most trusted ecosystems.
Key sale metrics and terms
Feature | Details |
---|---|
Sale phases | Two-stage model: up to 20% of tokens reserved for high Legion Score holders, and 80% sold on a first-come, first-served basis through Kraken and Legion. |
Public allocation | 25,000,000 YB (2.5% of total 1 billion YB supply) |
Sale price | $0.20 per YB, valuing the project at a $200 million FDV |
Accepted currencies | USD, EUR, GBP, USDT, and USDC |
Purchase cap and fees | Maximum $10,000 per user; 0.5% participation fee (waived for Kraken+ subscribers) |
Vesting and lockups | No vesting — all tokens were 100% unlocked at listing |
Regional eligibility | Excluded users in the U.S., Canada, and Australia |
Timeline | Sale opened on October 1, 2025, at 14:00 UTC, and closed once all tokens were sold |
Because Kraken uses a first-come, first-served model, timing is critical. Users who joined immediately when the sale opened secured their full allocations.
Outcome and lessons
- Strong demand and fast sell-out: YieldBasis sold out quickly thanks to Kraken’s credibility, Egorov’s involvement, and the clear sale structure.
- Immediate liquidity after listing: The token listed on Kraken shortly after the sale ended, which gave investors instant access to trading. It’s a major advantage compared to traditional ICOs that often lock tokens for months.
- Merit-based fairness: The dual allocation model worked well: 20% for active community contributors, 80% open to the public. It rewarded genuine participants while still offering equal opportunity to verified Kraken users.
Kraken Launch vs other token launch platforms
Kraken Launch isn’t the first crypto launchpad, not even close. But its design shows how far token sales have evolved. While Binance, KuCoin, and several DeFi launchpads have dominated the space for years, Kraken is taking a more regulated and user-friendly route.
I’ll take a look at how it compares below.
Binance Launchpad
Binance Launchpad was one of the first exchange-based token sale platforms, and it remains the most recognizable.
However, it operates under a lottery or subscription model that heavily favors users who stake BNB, Binance’s native token.
How it works:
- Users must hold and lock BNB for several days.
- The more BNB you hold, the higher your chance to win an allocation.
- After the lottery, winners receive a proportional share of tokens.
Pros:
- Proven record of successful projects.
- Strong community and liquidity.
Cons:
- Whales with large BNB holdings dominate allocations.
- Smaller investors often get minimal access.
- The process is more complex than a standard purchase.
Kraken’s edge: You don’t need to hold or stake a native token. Kraken Launch uses a straightforward first-come, first-served system with clear per-user limits, making access simpler and fairer.
KuCoin Spotlight
KuCoin’s Spotlight platform is another popular exchange launchpad. It requires users to hold KCS (KuCoin Shares) and sometimes complete extra tasks, such as trading milestones or quizzes.
How it works:
- Users stake or hold KCS to qualify.
- Allocation is proportional to the number of tokens committed.
- Oversubscription leads to partial refunds.
Pros:
- Structured and secure token offerings.
- Some investor protection features like refund clauses.
Cons:
- Requires significant KCS holdings.
- Allocation can be very small in high-demand sales.
Kraken’s edge: Kraken Launch removes token-holding requirements entirely. Every eligible verified user can join, regardless of how much they’ve invested previously.
Independent launchpads (Polkastarter, DAO Maker, etc.)
Outside exchanges, launchpads like Polkastarter, DAO Maker, and Seedify host early-stage sales. These are called IDO launchpad platforms (Initial DEX Offering).
They’re usually Web3-native. Users connect wallets, hold launchpad tokens, and complete whitelist tasks.
Pros:
- Wide variety of project types.
- Community-driven participation.
Cons:
- Often require staking or holding special tokens.
- Higher risk of scams or rug pulls.
- On-chain participation can confuse beginners.
Kraken’s edge: By integrating token sales within its exchange, Kraken eliminates wallet risks, fake websites, and unverified projects. All listings are vetted under Kraken’s compliance framework (aligned with MiCA in the EU).
Summary comparison
Platform | Access model | Requirements | Risk level | Best for |
---|---|---|---|---|
Kraken Launch | First-come, first-served | KYC only | Low | Beginners & everyday investors |
Binance Launchpad | Lottery / subscription | BNB staking | Medium | Large BNB holders |
KuCoin Spotlight | Proportional allocation | KCS holding | Medium | Active KuCoin users |
Polkastarter / DAO Maker | Whitelist / on-chain | Token staking | High | Web3-native investors |
Kraken’s launchpad model focuses on fair access, transparency, and compliance, not exclusivity. It’s great if you want early access to vetted crypto projects without the technical hurdles or token-gating barriers of other platforms.
Tips and best practices for investors
Before jumping into a Kraken token sale, it helps to have a simple strategy.
Here are key things you ought to keep in mind:
- Do your own research (DYOR): Even though projects on the Kraken Launchpad are vetted, always review their whitepaper, team background, and tokenomics. Make sure you understand what problem the project is solving before investing.
- Be ready ahead of time: Token sales often sell out fast. Verify your account in advance, deposit accepted currencies, and log in a few minutes before the sale begins to improve your chances of getting an allocation.
- Diversify and manage risk: Don’t put all your funds into one launch. Spread your investments across multiple projects and decide your exit strategy before the sale.
- Watch token listing behavior: Expect volatility after launch. Prices can swing quickly as traders take profits. If you’re holding long-term, focus on fundamentals; if you’re trading, monitor liquidity and order book depth before selling.
- Engage with the Legion ecosystem: Building your Legion Score through community engagement and on-chain activity can boost your eligibility for reserved allocations in future Kraken token launches.
- Stay compliant and secure: Participate only through kraken.com/launch, never through links shared on social media. Avoid VPNs or fake details to bypass regional restrictions, as this could void your participation.
The bottom line
Kraken Launch is a signal of moving away from insider-heavy ICOs and toward transparent, regulated, and accessible token sales. It combines Kraken’s trusted exchange infrastructure with Legion’s merit-based system
Everyday investors get a fairer shot at joining promising crypto projects early.For beginners, it’s one of the simplest ways to access new tokens safely. For experienced traders, it’s a streamlined way to diversify into vetted projects without leaving the exchange.
As more launches roll out beyond YieldBasis, expect Kraken to attract top-tier crypto startups that want regulatory clarity and immediate market access. If you’re looking to participate, stay verified, and be ready when the next Kraken token launch drops.
Source:: Kraken Launch: How to Invest in High-Potential Crypto Projects Early