Kraken Launch gives clients early access to new token sales before they list on Kraken and other exchanges. Below you’ll find answers to the most common questions about how token sales work.
Kraken Launch gives clients early access to select token sales before those tokens are available for open-market trading. Sales are conducted directly on Kraken using a transparent, merit-based allocation process.
A token sale provides early access before open trading begins. Instead of buying instantly at listing, participants submit a pledge during a fixed sale window. After the window closes, pledges are reviewed and allocations are determined based on Kraken Launch’s allocation framework.
With a normal listing, tokens are only available once open-market trading has started.
Kraken Launch does not use a first-come, first-served model.
Each sale follows a pledge-based process:
You submit a pledge during the sale window.
After the window closes, pledges are evaluated using Kraken’s merit-based allocation system.
If selected, all or part of your pledge converts into a purchase.
If not selected, pledged assets are automatically unlocked.
Sales do not end early, even if demand exceeds supply.
Merit-based allocation is designed to reward genuine, long-term participation rather than speed or pledge size.
Factors that may improve allocation chances include:
Kraken+ subscription status
Account age
Trading and custody activity
FOMO Multiplier (boost if not selected in previous sales)
HODLer bonuses (holding tokens from previous Kraken Launch sales)
Factors that do not affect allocation:
How early you pledge
The size of your pledge
Your overall portfolio balance
After the pledge window closes, allocations are determined in two rounds:
Higher-scoring clients receive allocation first. Participants receive a minimum allocation and may receive additional amounts depending on demand.
Remaining eligible pledges may receive allocation through random selection, giving all participants a chance even without a high merit score.
In highly oversubscribed sales, the Prize Draw portion may be reduced.
Supported pledge assets vary by sale and are displayed on the sale page. These typically include select fiat currencies and stablecoins.
Yes. You must have at verified Kraken account. Businesses require a verified Business account.
Yes. A 0.5% participation fee applies to the final allocated amount, not the full pledge.
Kraken+ subscribers can participate fee-free.
If allocated, purchased tokens will appear in your Kraken balance after settlement. Tokens can only be traded, converted, or withdrawn once open trading begins on Kraken, which will be announced separately.
Lock-up or vesting schedules may apply and vary by sale. Details are disclosed on the individual sale page prior to participation.
Oversubscription affects allocation, not the sale timeline. All pledges submitted during the sale window remain valid regardless of timing.
Availability varies by sale and jurisdiction. Geographic restrictions are listed on each sale page and may exclude certain countries or regions.