WBT is an asset issued by WhiteBIT – one of the biggest crypto exchanges in Europe. It grants holders unique opportunities.
The asset is issued in the amount of 400M WBT, with 200M being treasury tokens. This amount is distributed to corresponding funds inside the ecosystem to protect the asset from inflation.
Treasury tokens will be gradually unlocked within the following three years. The limited issuance and the burning mechanism are parts of the anti-inflation strategy. Half of the issued tokens are frozen and planned to be brought to the market according to the schedule.
The advantages of owning WBT include:
40-50% increase in the referral rate;
reduced trading fees;
free ERC20/ETH withdrawals;
free AML checks and much more.
The token is designed as a full-fledged infrastructure product to unite the WhiteBIT ecosystem with new exchange projects created on its basis.