WhiteBIT has Ukrainian origin and is now one of the biggest cryptocurrency exchanges in Europe. The platform has recently launched its own digital asset, WhiteBIT Token (WBT). The token will provide the users with unique opportunities like fees reduction, holding benefits, and much more.
WhiteBIT has been feeding its users with striking announcements since the beginning of its large-scale market expansion. Just a month ago, the platform completed its functionality with perpetual futures trading, becoming one of the few crypto exchanges in the world that offer such a possibility. Now, WhiteBIT is launching its own token, which seems a natural step for an exchange of this level.
Main Facts About WBT
The asset will be issued in the amount of 400M WBT, with 200M being treasury tokens. This amount will be distributed to corresponding funds inside the ecosystem to protect the asset from inflation. Treasury tokens will be gradually unlocked within the following three years. Half of the issued tokens will be frozen and be brought to the market according to the pre-designed schedule.
WhiteBIT users will be able to enjoy numerous benefits from owning and holding WBT. The exchange plans to hold profitable activities, trading competitions, and bounties to prove the effectiveness of the new asset and build a community around it.
Advantages For The WBT Holders And Owners
Being an in-house token, WhiteBIT Token will be gradually expanding the scope of the possibilities available to the platform users. Learn more about WBT on the official WhiteBIT platform.
The WhiteBIT CEO, Volodymyr Nosov, states, “WhiteBIT Token is the implementation of a long-cherished idea of a truly effective token designed to give the best to the users. Smooth interoperation of all WhiteBIT ecosystem products, generous fees reduction, increased rates for the referral program, and much more are only part of the prospects this asset entails.”