Skip to main content
Spring Exchange Whitelist
Håkon Øverby avatar
Written by Håkon Øverby
Updated over 2 months ago

❓ When is the launch of the exchange?

The Spring Exchange is set to launch on January 13th, 2025, at 12:00 PM GMT.

❓ How does the $10,000 raffle work?

To enter the raffle, you simply need to be whitelisted. Using our Gleam tool, we track all whitelisted users and will randomly select 40 winners, each receiving $250 worth of allocations in top Web3 projects. The raffle drawing will take place on January 13th, coinciding with the launch date.

❓ What is the Spring exchange?

The Spring Exchange is the first exchange offering users access to early-stage allocations in high-potential projects and the opportunity to trade tokens at discounts due to vesting schedules. Unlike traditional exchanges, which offer tokens at a premium after listing, Spring provides two unique markets:

  • Pre-market – allows users to trade tokens before they launch on public exchanges.

  • Vesting-market – enables users to trade tokens that are already trading on public exchanges but at a discount, by receiving tokens over time through lock-ups.

If you’re considering buying a token listed on a public exchange, it’s worth checking Spring, where tokens may be 30-70% cheaper if purchased through vesting. Spring’s infrastructure connects global investors to these early stage opportunities, previously accessible only to large funds, making high-ROI investments available to all investors—without needing collateral.

❓ What does it mean to trade tokens that are in vesting or lock-up?

When you trade tokens under vesting or lock-up, you receive your tokens incrementally over a set period. Public exchanges usually offer tokens at a premium, delivered immediately upon purchase. In contrast, tokens purchased during a vesting period are often priced lower, but you don’t receive them all at once. Instead, tokens are distributed over time—typically 1-4 years, depending on the project’s terms. While early-stage investments carry more risk, they often yield higher returns than those available on public exchanges.

❓ What does pre-market mean?

Pre-market refers to trading assets before they’re live on public exchanges. Projects often raise early funds in Seed, Private, or Strategic rounds, where tokens are under lock-up and vesting periods. Traditionally, only large VC funds had access to these rounds. The pre-market offers speculative opportunities for assets before they’re widely accessible. Through Spring, anyone can invest in these early rounds, with our platform aggregating top Web3 deals from trusted syndicates into one exchange.

❓ What is the vesting market (discounted tokens)?

The Vesting Market on the Spring Exchange allows investors to buy tokens at reduced prices during their vesting periods. This enables investors to acquire tokens already listed on public exchanges but at a discount, as the tokens are distributed incrementally over time rather than all at once.

In the Vesting Market, investors may find popular tokens at potentially 30-70% lower prices than on other exchanges, offering a unique opportunity for those willing to wait for full access. This market is ideal for building a long-term position in high-potential projects at a lower cost, as the vesting schedule gradually unlocks the tokens.

Why are prices on Spring lower than on exchanges like Binance & Coinbase?

Spring’s prices are lower because it offers tokens from the earliest funding rounds. By the time tokens reach exchanges like Binance or Coinbase, they’re available to the general public, usually at a premium. Spring grants access to these tokens before public listing, at discounted rates, with the trade-off of receiving tokens over a vesting schedule. Previously, only major VCs, hedge funds, or family offices could access these rounds. Spring’s infrastructure now opens up these early-stage opportunities to all investors.

How does the Spring Exchange allow investors to manage risk during lockup periods?

By enabling trading in the private market, Spring gives investors the freedom to sell part or all of their allocation without waiting for unlocks or the end of the lock-up period. This means that assets previously locked under vesting schedules can now be traded, making illiquid assets liquid for the first time. The Exchange archives this with instant settlements and requires no collateral, offering investors greater flexibility and control over their investments.

I have an external allocation I want to trade. What should I do?

For Syndicates: If you manage an external allocation and want to enable trading for it, contact Spring directly. We’ll assist you with importing and verifying the allocation, allowing you to activate trading and begin earning trading fees on the platform.

For Investors: If you hold an external allocation in a project listed on Spring, reach out to both your syndicate manager and Spring’s admin team. We’ll work together to import and verify your allocation on the Exchange, so you can start trading.

❓ Where can I see my raffle tickets?

Currently, there’s no dedicated view for raffle tickets. Tickets are assigned based on a timestamp from when you were whitelisted. For more details on ticket distribution, please visit whitelist.spring.net.

❓ I am whitelisted. When can I access the exchange?

If you’re whitelisted, you’ll gain access to the exchange one month before the general public, on January 13th, 2025. You will receive a confirmation email, and we’ll email you with further details on the launch and next steps.

Did this answer your question?