May 20, 2024

5 min

Crypto Lending Bonus and New WBT Holding Level: More Privileges for Holding WhiteBIT Coin

Holding our exchange’s native coin offers numerous advantages: from reduced trading fees to regular SoulDrop rewards. We are pleased to announce another feature that will most probably be very handy!

We added another level of WBT Holding, which will allow you to enjoy more benefits of storing WhiteBIT Coin with a smaller amount of WBT in Holding itself. In addition, we have created Tether (USDT) Crypto Lending bonus system. Let’s discuss each of these updates in detail.

What Levels of WBT Holding Are There?

Before the update, WhiteBIT Coin Holding levels used to look like this and had the following advantages:

A new Holding structure and its perks look like this: We’ve added another Holding level that involves storing 1500 WBT as part of the new third level.

The new Holding level involves holding less than half the amount of WBT for more benefits, namely increased referral rate, more free ERC20/ETH token withdrawals, and AML checks.

*Please note that the percentage of the discount on the maker fee within the second level has been reduced to 30%.

How Does WBT Holding Affect Crypto Lending Plans?

A new advantage of keeping WBT in Holding is a bonus to the interest of Crypto Lending plans with Tether (USDT). The bonus accrues from the second level of Holding, and its percentage increases according to the level (the higher the level, the higher the bonus) and the duration of the plan. That is, you can now get up to an additional 2.36% bonus to your Crypto Lending plan.

Receiving the bonus is associated with several important conditions.

• First, the bonus will be applied only to plans opened after the update. That is, if you opened a plan with USDT several months before, the bonus will not be credited to it.
• In order to receive the bonus, the user must ensure that their Holding level remains at the same level or higher throughout the duration of the Crypto Lending plan. This means that users can increase their holding level, but any reduction will void the bonus.
• For already active plans, the bonus ratio will remain fixed based on the user’s initial Holding level, which will ensure stability in calculations.
• It is also important to note that the maximum amount to which the bonus can be applied is limited to 600,000 USDT. This amount includes all the user’s contributions to the USDT plans combined. If the user’s total contribution to USDT Crypto Lending plans exceeds this amount, no additional bonus will be applied for other open USDT plans. For example, you can open one plan with the maximum possible amount of 600,000 USDT and get a bonus for it. You can still open plans with USDT, but they will only accrue standard Crypto Lending interest, without the WBT holding bonus.

Thus, by adding a new level of WBT Holding and related bonuses, we create favorable conditions for our users to maximize their investments and get more benefits from their Crypto Lending plans.

If you don’t have WBT yet, go to the WBT Boost page and buy as much WBT as you want! On this very page, you can transfer WBT to Holding and reach a new level of your experience with WhiteBIT!