WhiteBIT Token (WBT) is a long-awaited utility token of the largest European crypto exchange, WhiteBIT. It embodies the core values of the platform, namely, a user-oriented approach to the service provision and the most favorable conditions for mass adoption of the latest blockchain innovations. Now, the exchange announced an upcoming listing of WBT on another big-name crypto exchange from CoinMarketCap’s top-10, Gate.io.
Two months have passed since WhiteBIT announced the start of WBT trading. These two months were fruitful for WhiteBIT Token and no wonder! The public token sale amazed the crypto community, as it ended 15 minutes after the start. Only one week after the trading started, the token price doubled, producing positive sentiment in the media and among traders worldwide.
WhiteBIT has successfully conducted the first trading competition on the WBT/USDT pair and held a token airdrop. In less than a month after the release, WBT was listed on Huobi. On October 25, 2022, at 10:00 a.m. UTC, WBT will be listed on Gate.io.
WhiteBIT Token owners can enjoy a wide range of benefits that make the use of WhiteBIT services more pleasant and easy, namely:
- Token holders can get an up to 100% maker fee discount and an up to 90% discount on the taker fee.
- Holding WBT allows users to withdraw ERC20 and ETH tokens fee-free.
- The interest rate within a referral program is increased to 50%.
- WBT holders can conduct free AML checks every day.
The token supply is limited to 400 000 000 WBT, with 200 mln WBT being treasury tokens that are to be unlocked according to a specific schedule. Moreover, the asset is backed by a deflationary mechanism that presupposes a weekly burning of WBT.
Here’s how Volodymyr Nosov, the CEO of WhiteBIT, describes the endeavors of the exchange, and WBT specifically, “We worked tirelessly to provide the community of our exchange with a high-end product that would be worth its attention. We appreciate our users, so we put much effort into satisfying their needs. WBT meets our expectations, and each piece of news related to the token proves us right. We don’t stand still, we keep fueling the progress of crypto innovations on our exchange, as well as in the industry as a whole.”
Disclaimer: This is a paid post and should not be treated as news/advice.