WBT is the ticker of a to-be-launched in-house token of WhiteBIT, a leading European cryptocurrency exchange. Its main goal will be to provide convenient interoperability among the platform’s projects and create attractive conditions for the exchange users through reduced fees, bonuses, and holding opportunities.
If you’re interested in the digital assets industry, you have probably heard of WhiteBIT, the biggest crypto-to-fiat exchange in Europe. The platform has existed for 4 years but has already managed to provide high-quality services in digital finances to more than 3 million users around the globe.
Among its most outstanding products are the lowest trading fees for spot and futures trading, an up to 20x leverage for margin trading, 6 convenient types of trading orders, the biggest rate for passive income plans, a profitable referral program, and regular trading competitions, and much more. Now, the range of tools will be enlarged with a brand-new product that is supposed to initiate a new era for the exchange, the WhiteBIT Token.
The token will be issued in a limited amount of 400 000 000 WBT, 200M of which will be treasury tokes to be unlocked within the next 3 years. The fixed supply will be backed by a regulated burning mechanism that will secure the asset from inflation. 200M of treasury tokens will be distributed among corresponding ecosystem institutions and will be unlocked according to the pre-planned schedule.
What will users have from owning WBT?
- Reduced trading fees
- Increased referral rate by up to 50%
- Free withdrawals of ERC20/ETH tokens
- Free AML checks etc
The future issuance of a token is a piece of long-awaited news for the crypto community. The fact that the token is going to be launched in bearish market conditions proves the willingness of the team to present a high-quality product to its community. To not miss the launch of WBT, follow the news on the official platform of the exchange.
Numerous trading competitions, bounties, airdrops, and special campaigns for WBT owners and holders will be an integral part of the token popularization. Here’s how the WhiteBIT CEO, Volodymyr Nosov, describes the launch, “We know how much our community has been waiting for WBT, but we will launch it exactly at the time when we are ready for it. We have enough experience, professionalism, and capacity to create, sustain, and efficiently develop the token so that it will hold to its own course in the future. When planning the token, we had this idea of outstanding crypto in mind that will be viable, powerful, and useful to those who value quality in the first place.”
Website: WhiteBIT
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Source: https://beincrypto.com/whitebit-token-explained/