WhiteBIT
Price Chart and WBT News

About WhiteBIT

WhiteBIT, a prominent cryptocurrency platform, is set to make a significant stride in its development journey by introducing its own digital asset, the WhiteBIT Token (WBT). The WBT is more than just an internal token; it's designed as an infrastructure project that aims to bridge the exchange's ecosystem with other projects under the WhiteBIT umbrella. Furthermore, WBT is poised to be a reliable digital asset for numerous blockchain startups seeking expansion.

WhiteBIT (WBT) Token Distribution

The total number of WBT tokens stands at 400 million, with half being treasury tokens. A private sale has seen 78 million WBT sold and locked for three months. The treasury tokens will be gradually unlocked over three years, starting from the final round of unlocking of the private sale tokens. Owning WBT comes with several benefits including up to 90% off taker fees and up to 100% off maker trading fees.

Holding vs. Owning WhiteBIT

Beyond ownership, users can also 'hold' their WBT, which brings additional advantages. These include an increased referral share, a new maker fee structure that ignores standard fees, waiver of certain blockchain fee payments, and entitlement to free Anti-Money Laundering (AML) checks.

The Future of WhiteBIT (WBT)

The future looks promising for WBT as it has been seamlessly integrated into the operation of the WhiteBIT ecosystem. With no plans for additional issuance in the future and half of the issued tokens blocked for gradual release according to a pre-designed schedule, there is potential for growth. Moreover, exciting activities such as trading competitions and airdrops are planned with WBT as rewards.

Sources:

• https://blog.whitebit.com/en/whitebit-token-all-you-need-to-know/