Crypto Exchange WhiteBIT launched

The Ukrainian-based cryptocurrency platform WhiteBIT, which started its services in 2017, launched its own token, WBT, on August 14. This token seems to have attracted a lot of attention. According to the information provided by the exchange, 1 million WBT tokens were purchased by users within 15 minutes.

One of the largest crypto exchanges in Europe, which faded in just 4 years, WhiteBIT launched the WBT token, whose total supply was determined as 400 million. The sales that started on August 14 were limited to 1 million units, and according to the information provided by the exchange officials, 1 million tokens were sold out in just 15 minutes.

WhiteBIT executives describe the WBT token's sales success as an important step for the company's development and further growth. Half of the WBT tokens, which have a supply of 400 million, will be offered for sale periodically over the next three years. In order to prevent the real value of tokens from being affected by inflation, burning transactions will be carried out regularly.

What is the purpose of the WBT Token?

According to the information provided by WhiteBIT, the WBT token was developed as a useful and reliable digital asset not only for existing WhiteBIT user investors but also for newcomers to the stock market. Among the goals of the exchange, the WBT token will become an important tool for developing the community of the exchange over time.

Users receiving WBT tokens; will also have a number of bonuses valid on the WhiteBIT exchange. For example, daily free ERC20/ETH withdrawals, the potential to increase in value thanks to weekly burns, a 40% to 50% increase in referral rates, and a reduction in commissions are among these advantages.

There is also a statement from the CEO of WhiteBIT

Speaking about the WBT token, Volodymyr Nosov, CEO of WhiteBIT, said, “The launch of our own token is the most important stage in the development of WhiteBIT for us. It's also important to me that it's not just what it is, but exactly how it happens. There are very few examples that can sell all the planned tokens within 15 minutes. 

We achieved this. This shows us that; Everything WhiteBIT does is in demand by users. That's exactly why we work for them, and that's why the scope of our services is expanding and increasing. I am sure that WhiteBIT users will appreciate us when they see all the privileges and benefits they will have with the WBT token.”

WihteBIT's next goal will be to list the WBT token on other exchanges. Information about the listing will be announced later by the exchange. We will continue to keep you informed of the latest developments.

About WhiteBIT

Known as the largest cryptocurrency exchange in Europe, WhiteBIT is a crypto money exchange with all the necessary security processes and KYC verification facilities today. According to the results of the independent audit conducted by Hacken, it has been registered as the second most reliable stock exchange in the world and has been given an AAA grade.

(source)