Yurii Ovsii, a 44-year-old Ukrainian investor from Florida, has won $10,000 in a monthly crypto lottery on Coin Terminal launchpad , despite previously being refunded with his investment.
According to Coin Terminal, Ovsii had contributed $14,000 to Project Merlin, a decentralized Web3 ecosystem designed to support early-stage startups.
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However, Binance later canceled the project’s Alpha listing, and Ovsii requested a refund from Coin Terminal. Despite withdrawing his funds, he remained eligible for the launchpad’s lottery, which he ultimately won.
“I couldn’t believe it when Coin Terminal contacted me to let me know that I’d won, I thought that I was dreaming,” shared Ovsii.
The winner said he plans to use the winnings to participate in additional Coin Terminal launches and to fund a family holiday.
Such a scenario is rare in the crypto world, particularly in the launchpad sector, where, unlike many other platforms, Coin Terminal allows participants to claim a full refund if a project underperforms or is canceled.
Anyone contributing $250 or more to a Coin Terminal sale is automatically entered into the platform’s monthly lottery and can still win the grand prize even if they later request a refund. Winners were selected through Chainlink VRF, a verifiable random number generator that ensures the process is transparent. The most recent draw, won by Yurii Ovsii, included 1,200 participants.
The platform has hosted sales supported by major venture capital firms, including Coinbase Ventures, Animoca Brands, DCG, OKX Ventures, and Binance Labs.
Since its 2024 debut, Coin Terminal has backed more than 80 projects, including AIT Protocol, StarHeroes, and K9 Finance, building a reputation for transparency, inclusivity, and reliability.
Why This Matters
The story illustrates how some crypto launchpads are experimenting with new ways to protect investors and keep them engaged, offering a glimpse at how the sector could evolve.
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People Also Ask:
A Web3 launchpad is a platform that helps new cryptocurrency projects raise funds and distribute tokens to early investors. It often provides a structured token offering before tokens are listed on exchanges.
An Initial DEX Offering (IDO) is a fundraising method where a crypto project launches its tokens directly on a decentralized exchange. Investors can purchase tokens at an early stage.
Coin Terminal allows users to participate without staking tokens, offers full refund rights if a project underperforms, and automatically enters eligible participants into a monthly lottery.
Refund policies reduce financial risk for early-stage investors. They provide confidence to participate in projects that are still untested or subject to delays
Knowing the rules for refunds, eligibility, and incentives helps investors make informed decisions and manage risk when participating in early-stage crypto projects.
