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:

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:

Factors that do not affect allocation:

After the pledge window closes, allocations are determined in two rounds:

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 Tokens can only be traded, converted, or withdrawn once open trading begins on Kraken, which will be announced separately.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.