The Ukrainian-based cryptocurrency platform WhiteBIT, which started its services in 2017, launched its own token, WBT, on August 14. According to the information provided by the exchange, 1 million WBT tokens were purchased by users within 15 minutes.
WhiteBIT, one of Europe’s largest crypto exchanges fading in just 4 years, has launched the WBT token with a total supply of 400 million. Sales starting August 14 were limited to 1 million units and According to information from stock market officials 1 million tokens were sold out in just 15 minutes.
WhiteBIT executives describe WBT token’s sales success as an important step for the company’s development and further growth. WBT tokens with 400 million supply half will be available in periods 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 will the WBT Token, which is stated to be sold out within 15 minutes, do:
According to the information conveyed by WhiteBIT, the WBT token is useful and useful not only for existing WhiteBIT user investors, but also for newcomers to the stock market. as a trusted digital asset was developed. 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; They will also have a number of bonuses valid on the WhiteBIT exchange. For example daily free ERC20/ETH withdrawal The opportunity to increase in value thanks to weekly burns, 40% to 50% increase in reference rates and reduction in commissions are among these advantages.
There is also a statement from the CEO of WhiteBIT:
Commenting on the WBT token, WhiteBIT CEO Volodymyr Nosov 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 was registered as the second most reliable stock exchange in the world and was given AAA grade.