Ukrainian cryptocurrency exchange WhiteBIT launched a lunchpad of its own WBT token on 14 August. The Exchange’s offering proved to be so in-demand and “hot” that the 1 million WBT tokens issued in the first sale were purchased by users just 15 minutes after the trading started. The incredible success of its own token launch was another step in the company’s development and scaling in just four years going from a start-up to Europe’s largest cryptocurrency exchange.
In total, WhiteBIT plans to issue a fixed number of tokens on the exchange – 400,000,000 WBT. Half of these are treasury tokens – they will be unlocked over the next three years on a specific schedule. In order to keep the tokens from inflation and ensure their continued growth, the WBT tokens will be burned on a weekly WhiteBIT fee.
The WBT token will open up new opportunities and become a useful and reliable asset not only for loyal WhiteBIT exchange users, but also for beginners. In particular, for beginners there are rewards for being active on the platform, trading tournaments, airdrop, listings on other exchanges. In addition, the launch of the WBT token will help build a community of influencers within the WhiteBIT cryptocurrency community.
With the WBT token, WhiteBIT users get a number of attractive bonuses and benefits:
- integration with other exchange products;
- rewards for owners;
- increased referral rate of up to 40-50%;
- lower trading fees/discount on commissions;
- Free daily ERC20/ETH withdrawals;
- free daily AML checks;
- growth potential due to fixed number of tokens and weekly burning
“The trend of digital technology is now clearly outlined. Being a part of our future, it is gradually becoming a common part of everyday life for people from all over the world. For us, the launch of our own token is the most important milestone in the development of WhiteBIT. And for me, it is not only what happened, but also the way it happened. Few people can sell the entire planned number of tokens in just 15 minutes on the first trading day. We succeeded. This indicates only one thing – everything the WhiteBIT team does has a high demand among users. The users are the ones we work for, which is why we are constantly expanding and improving the features of our services. I am sure that WhiteBIT users will positively evaluate all privileges and benefits offered to them as WBT token holders”
said Volodymyr Nosov, CEO of WhiteBIT crypto exchange.
The next step in the development of the company’s services will be a listing on WhiteBIT. Details will be announced later.
Reference: WhiteBIT is the largest cryptocurrency exchange in Europe. It complies with all KYC and AML requirements. It is ranked among the top 2 exchanges in the world for security, based on an independent audit by Hacken, and has an AAA rating. The WhiteBIT team has 500 members.