What is WBT?

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The cryptocurrency industry is expanding, receiving more and more projects, crypto platforms and startups. Trading crypto and investing have become popular ways of earning a profit in the crypto scope. 

One of the most popular platforms for trading is WhiteBIT. It has over 2 million users worldwide and thousands of positive online reviews. The platform is oriented toward a beginner trader – the interface is straightforward to handle, the tools are intuitive, and the customer support is lightning-fast.

At the same time, the platform is massively used by experienced traders, for it offers all the advanced tools:

  • futures trading;
  • leverage;
  • margin;
  • staking;
  • etc.

What is WhiteBIT Token?

WBT is an internal token issued by the WhiteBIT exchange, serving as a bridge between the platform’s ecosystem and other products developed on the WhiteBIT basis. WBT to USDT was the first traded pair with this token. USDT is a stablecoin (Tether), pegged to the US dollar price. That is, the WBT USDT pair indicates the current price of WBT in dollars. As of mid-September 2022, it is 5,718.

The token is engineered on the ERC-20 and TRC-20 standards. The total emission is limited to 400 million tokens. Some portion of WBT was sold on private sale round and locked for a while. During the next 5 years, the tokens will be unlocked gradually. It is done to maintain the token’s value. Every week, part of the tokens are burned, which also supports the asset’s value.

WBT token holders receive discounts on training fees or even zero fees within the WhiteBIT system. They also receive increased interest for every new user brought to the platform (referral program).

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So far, the WBT crypto is available on the WhiteBIT exchange only, but it is planned to add this token on other large crypto platforms shortly. When WBT is listed on other services, its rate will likely increase, so do not miss the chance to become a WBT owner and access all the benefits of being a member of the WhiteBIT community.

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