WhiteBIT Expands Opportunities: 10 New Projects on the Exchange for Your Portfolio
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Crypto enthusiasts will remember the last three months not only for the sky-high market dynamics but also for the emergence of numerous technological advances in the Web3 industry.
As one of the largest crypto exchanges in Europe, WhiteBIT continues to stay ahead of the latest trends. This article highlights the projects that appeared on the platform in April, May, and June and how they have revolutionized the crypto space.
Ethena (ENA)
Listed on WhiteBIT on April 2
Trading pairs: ENA/USDT, ENA/TRY, ENA/BTC, ENA-PERP
Like its native token, ENA, the Athena protocol became an April sensation in cryptocurrency. The network offers a new approach to developing stablecoins using the synthetic dollar USDe.
USDe is equipped with a so-called “delta-neutral” position, which involves opening a long spot position in stETH (an Ether-derived token used for staking in the Lido protocol) and a short position in the equivalent ETH-PERP futures position. The net effect is that the two positions offset each other, allowing USDe to maintain its 1:1 peg.
By creating a synthetic dollar not tied to traditional banking systems but supported by decentralized financial mechanisms, Athena offers a unique solution for users seeking stability and profitability in the crypto space.
Wormhole (W)
Listed on WhiteBIT on April 3
Trading pairs: W/USDT, W/TRY, W/BTC, W-PERP
Wormhole is a cross-chain blockchain protocol that facilitates seamless transfers of crypto assets and data across blockchain ecosystems. Thanks to the Proof-of-Transfer mechanism, Wormhole allows blockchains to interact easily with each other, simplifying the transfer of assets between networks.
To achieve maximum cross-network interoperability, Wormhole connects blockchain networks by “wrapping” data in messages from the source blockchain, which it sends to the receiver blockchain through a system managed by 19 validators.
These validators form a peer-to-peer Guardian network—a set of nodes that select, sign, and verify messages written to the main Wormhole contract. Thanks to this, the speed and ease of the bridge of tokens increases.
Ready to Fight (RTF)
Listed on WhiteBIT on April 24
Trading pair: RTF/USDT
During his fight preparations, Oleksandr Usyk encountered the issue of frequent, unexpected sparring cancellations due to organizational challenges with his partners. This led the absolute champion and his sports director, Serhiy Lapin, to conceive the idea of creating a global community for professional boxers and sports fans alike.
Thus, Ready to Fight was born—the first-ever platform for boxers that utilizes blockchain technology. Since its inception, it has attracted world boxing stars such as Mike Tyson, Amir Khan, Mauricio Suleiman, and even Michael Buffer, the renowned entertainer and author of the iconic phrase, “Let’s get ready to rumble!”
Ready to Fight continues to grow steadily. At the Encrypted Conference 2024 in Kyiv, the platform announced its latest innovation, “Ready to Pay”—a Web3 application featuring cryptocurrency cards integrated into The Open Network (TON) ecosystem.
Aurora (AURORA)
Listed on WhiteBIT on April 25
Trading pair: AURORA/USDT
Aurora is an Ethereum-compatible blockchain that offers innovative solutions for developing decentralized networks and cross-chains. The project provides technological solutions underlying Aurora Cloud infrastructure for a simplified transition of enterprises from Web2 to Web3.
Aurora runs on the NEAR protocol, one of the most efficient L1 protocols of the third generation, and also supports all tools of the Ethereum ecosystem, from MetaMask to Truffle.
What’s more, Aurora offers protocol-level meta-transactions. This, in particular, provides gas-free transactions for blockchain users and makes it one of the most promising solutions for developing decentralized applications (dApps).
Rayn (AKTIO)
Listed on WhiteBIT on May 6
Trading pair: AKTIO/USDC
Rayn is a platform that modernizes capital management through the mutual integration of blockchain technologies and traditional financial mechanisms. The application dramatically simplifies asset management and offers many investment opportunities, including cryptocurrencies.
In addition to investment monitoring, Rayn also offers a Visa card. With its help, users can quickly and seamlessly carry out transactions in euros and cryptocurrencies. This is thanks to a special IBAN and support for SEPA transfers.
Rayn’s heart is an AKTIO token. The token is developed on the Ethereum network based on the ERC-20 standard and plays a key role in the project’s decentralized financial network. Yes, using AKTIO allows users to receive rewards for staking assets.
BounceBit (BB)
Listed on WhiteBIT on May 14
Trading pairs: BB/USDT, BB/TRY, BB/BTC, BB-PERP
Re-staking is one of the most popular and safe methods of multiplying cryptocurrency balances. In addition to user benefits, it is also an effective tool for expanding and supporting Web3 ecosystems.
Unlike traditional staking platforms, the BounceBit project is built around the above process—a CeDeFi platform that specializes exclusively in re-staking Bitcoin.
A feature of BounceBit is an integration of the two-token structure of the Proof-of-Stake (PoS) mechanism, in which validators “stake” BB (the platform’s native token) and BBBTC—Bitcoin staked in the BounceBit network. This ensures not only a high level of user security but also high liquidity and low volatility of assets in the staking pool.
Flux (FLUX)
Listed on WhiteBIT on May 22
Trading pair: FLUX/USDT
In just 4 years, Flux was able to evolve from a fork of the ZCash network to a fundamental ecosystem of Web3 services and products. From a cloud-based blockchain system to a cryptocurrency wallet, the project offers a wide range of technological support to facilitate and accelerate Web3 development.
The Flux network itself is the basis of FluxDEX, a decentralized exchange that prioritizes high transaction speed and low fees. This is achieved using the Proof-of-Work (PoW) consensus mechanism and the unique FluxNode mining algorithm, designed to encourage participation in the network and is a guarantor of its high level of security.
The FLUX token itself plays an important role in the project’s ecosystem. In addition to being used to pay transaction fees in Flux, it provides access to ecosystem services and products, including FluxNode and Flux Secure Wallet. Moreover, FLUX incentivizes network participants, such as miners and nodes, to maintain and secure the network.
DeXe (DEXE)
Listed on WhiteBIT on May 22
Trading pair: DEXE/USDT
Decentralized Autonomous Organizations (DAOs) have the potential to give each member (i.e., each holder of governance tokens) real governance power, from proposing initiatives to voting on them. However, modern DAOs fall short of this potential, as evidenced by low voter and delegate activity, vote manipulation, and lack of actual control over key decisions.
The DeXe protocol solves such a problem—it is a fundamental infrastructure of more than 50 smart contracts that allows for the development and management of decentralized autonomous organizations.
The protocol facilitates the management of DAOs, prevents their excessive centralization, and strengthens their security.
In addition, DeXe is quite flexible in setting up the DAO governance structure. Thus, the delegation of duties can be made meritocratic by giving more votes to experts or incentivized by increasing the reward to token holders.
The DeXe project is managed by the DeXe Protocol DAO using the DEXE token. Organization members use the asset to make proposals and vote on protocol management, making the DAO fully decentralized and autonomous.
FreeBnk (FRBK)
Listed on WhiteBIT on June 4
Trading pair: FRBK/USDT
FreeBnK is a decentralized platform that uses blockchain technology to provide various financial services that traditional banks offer.
The platform is based on blockchain smart contracts that perform financial transactions automatically, securely, and transparently. This allows for the democratization of traditional financial operations by eliminating intermediaries and relying on a peer-to-peer network, which reduces client costs and increases system efficiency.
FreeBnK provides a variety of services, including crypto lending and the ability to invest in real-world assets. These services are easily accessible through a digital interface, making money management simple and convenient.
In addition, FreeBnK includes features such as microloans, transfers, and payments that meet the needs of small businesses and individuals in various economic situations.
io.net (IO)
Listed on WhiteBIT on June 12
Trading pairs: IO/USDT, IO/TRY, IO/BTC, IO-PERP
io.net is a decentralized computing platform that offers global access to GPU resources at relatively low prices.
Simply put, io.net brings together GPUs from independent data centers, crypto miners, and various hardware networks to enable machine learning engineers to deploy decentralized infrastructure seamlessly. This model significantly reduces costs and increases computing power availability.
The network supports various machine learning applications, including distributed learning, hyperparameter tuning, and model maintenance. It allows startups and artificial intelligence (AI) developers to achieve high performance, scalability, and security in their projects.
Progress never stands still, and WhiteBIT remains at the forefront of the industry. In 2024, crypto enthusiasts can look forward to exciting developments with new listings and activities on the exchange. Stay tuned for more updates and opportunities!
WhiteBIT is one of the largest European centralized crypto exchanges founded in 2018. The exchange offers 520+ trading pairs, 270+ digital assets, and 10 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.
