Celebrating WBT’s Impact on the Crypto Industry: Two Years of Innovation from a Ukrainian-Origin Cryptocurrency
On August 14, WhiteBIT Coin (WBT) marks its second anniversary. This milestone provides a wonderful opportunity to reflect on the journey of this cryptocurrency, which originates from one of Europe’s largest crypto exchanges.
The History of WBT
WhiteBIT Coin (WBT) is the internal currency of the WhiteBIT crypto exchange, designed as a comprehensive infrastructure project. Furthermore, WBT acts as the native coin on the Whitechain network, where transaction fees are paid using WBT.
WBT holders receive several benefits on WhiteBIT platform, such as increased referral fees, reduced trading fees, Crypto Lending bonuses, free ERC-20 withdrawals, and much more.
The inception of WBT was driven by Volodymyr Nosov, the founder and CEO of WhiteBIT, who envisioned a token that would serve not just as a digital asset but also as a vital component of every member’s experience within the WhiteBIT community.
Thus, WhiteBIT Token was created, becoming a vital element of the crypto exchange ecosystem. A total of 400,000,000 WBT tokens were issued, with half allocated as treasury tokens. Of this total, 54,000,000 WBT were sold during a private sale, while the remaining tokens will be gradually unlocked over the next three years.
The launch of our token marks a crucial milestone in WhiteBIT’s development. What matters to me is not just that it happened, but how it happened. It’s rare for a token to sell the planned amount in just 15 minutes on its first day of trading, yet we achieved that. This clearly demonstrates that everything the WhiteBIT team does resonates with our users. We are committed to serving them and continuously expanding and enhancing our services,” stated Volodymyr Nosov, founder and CEO of WhiteBIT.
Listings on Global Crypto Exchanges
Right after its launch, WBT attracted the attention of leading global crypto exchanges. Listings on platforms such as MEXC, Bitfinex, Huobi, and Gate became the next significant milestone in WBT’s development. This allowed the token to expand its audience and gain popularity among crypto investors worldwide.
Listing on these exchanges not only increased WBT’s recognition but also strengthened WhiteBIT’s position as a reliable partner in the crypto industry.
Retrodrop
One of the most exciting events in WBT’s history was the WhiteBIT retrodrop, organized to celebrate the launch of the platform’s own blockchain, Whitechain. The retrodrop provided an opportunity for users to receive WBT as a reward for actively participating in testing the new blockchain in its early stages.
WhiteBIT allocated a significant number of WBT tokens from the ecosystem fund to reward users who joined the testing and helped evaluate Whitechain’s capabilities. Participation in the retrodrop involved completing tasks: for example, users participated in quests, held WBT in Holding, and performed tasks related to the testnet.
The retrodrop attracted not only developers and specialists but also enthusiasts and users who use the crypto exchange’s products daily. Thus, users could freely explore the blockchain, contribute to its development, and receive rewards for their efforts.
From Token to Coin
The launch of the Whitechain mainnet was an important step that strengthened WBT’s market position and increased its attractiveness to investors. The exchange token officially became the native coin of the blockchain, significantly enhancing its recognition and role in the platform’s development.
The Birth of the Soul or WB Soul
The creation of WB Soul was an innovative initiative by WhiteBIT. WB Soul is a unique approach to rewarding users, involving the receipt of WBT for holding WBT in Holding, essentially creating their own digital identity on WhiteBIT platform.
SoulDrop gives each participant a sense of involvement in the platform’s creation and development. The initiative fosters a more cohesive and active community, emphasizing the importance of collaboration and interaction between the platform and its users.
WBT: 2 Years Together!
To celebrate WBT’s second anniversary, WhiteBIT is launching a new campaign from August 14 to August 19, 2024. Participants will complete tasks to earn points. The tasks include buying WBT, creating WB Soul, and transferring WBT to Holding.
Winners who complete all the tasks will receive a special SBT + a VIP level upgrade for one month, and will also share a prize pool of up to 300 WBT.
You can find more details about the activity in the rules on the WhiteBIT website.
2 Years of Achievements
In the two years since WBT’s creation, WhiteBIT has achieved remarkable success with its native coin. Key milestones include listings on major crypto exchanges, the retrodrop, WB Soul, and the launch of its own blockchain.
Numerous opportunities and achievements await, promising even greater benefits for the platform’s users. The company has no plans to slow down and is committed to continuing to impress its community with innovative solutions. There’s much more to come!
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.
