WhiteBIT Coin

WBT Price

About WhiteBIT Coin (WBT)

WhiteBIT Coin is the native utility token of the WhiteBIT cryptocurrency exchange and the primary asset of the Whitechain blockchain.

• Holders can stake the token to access tiered benefits including trading fee discounts, increased referral rates, and free daily withdrawals.
• The token employs a deflationary model through regular burning of a portion of exchange-generated fees.
• WhiteBIT Coin serves as the native gas token for transaction processing and smart contract execution on the Whitechain network.

What Is WhiteBIT Coin

WhiteBIT Coin (WBT) is an exchange-based tokens utility asset designed to integrate the services of the WhiteBIT ecosystem into a unified financial infrastructure. Launched by a major European centralized exchange, the token facilitates value transfer between the trading platform and its native Layer 1 blockchain, Whitechain. The ecosystem emphasizes the mass adoption of blockchain technology by providing tools for spot trading, margin trading, and decentralized identity through the WB Soul system.

The token acts as the central mechanism for rewarding community participation and platform loyalty. By locking WBT in a dedicated holding program, users gain access to a multi-level privilege system that scales with the amount of assets committed. This architecture is designed to align the interests of the exchange, the blockchain network, and the individual token holders as the ecosystem expands its product offerings.

What Makes WhiteBIT Coin Unique

• Deflationary Burn Mechanism: The project commits to weekly token burns, utilizing 33% of trading fees and 5% of other exchange revenues to reduce the circulating supply until 50% of the total supply is destroyed.
• WB Soul Ecosystem: A unique identity system on Whitechain that allows users to create digital representations of their identities, enabling participation in specific ecosystem activities and potential future governance.
• Tiered Privilege Infrastructure: Unlike many exchange tokens that offer flat discounts, WBT provides a granular 12-level system affecting everything from Maker fees to the number of free Anti-Money Laundering (AML) checks.
• Hybrid Network Utility: WBT functions simultaneously as a centralized exchange loyalty token and a decentralized network gas asset, bridging the gap between centralized and decentralized environments.

What Can You Use WhiteBIT Coin for?

• Trading Fee Reductions: Users who hold WBT on the platform can receive up to a 100% discount on Maker fees depending on their holding level.
• Staking and Yield: Through the exchange's holding program, users can lock their tokens to earn passive benefits and increased interest rates on other digital assets through crypto lending programs.
• Network Transaction Fees: As the native coin of Whitechain, WBT is used to pay for gas fees required to process transactions and execute smart contracts on the blockchain.
• Launchpad Access: Holding WBT is a primary requirement for participating in the WhiteBIT Launchpad, which provides early access to new blockchain projects.
• Ecosystem Services: The token facilitates free daily ERC-20 and ETH withdrawals, as well as complimentary AML checks for platform users.

How Does WhiteBIT Coin Work?

WhiteBIT Coin operates as a multi-chain asset, existing as an ERC-20 token on Ethereum and a TRC-20 token on the Tron network, while also serving as the native coin of Whitechain. Whitechain is an Ethereum Virtual Machine (EVM) compatible blockchain that utilizes a Proof of Authority consensus mechanism. In this system, transaction validation and block production are handled by a select group of pre-approved validator nodes, which allows the network to achieve high throughput and shorter block times compared to traditional Proof of Work systems.

The issuance of native WBT on Whitechain is managed through a bridge mechanism that requires the burning of an equivalent amount of WBT on the Ethereum or Tron networks. This ensures that the total supply remains capped at 400 million tokens across all supported chains. The network also supports the deployment of decentralized applications (dApps) and smart contracts, with WBT serving as the gas required to power these operations.

Team Info and Investors

WhiteBIT Coin was developed and launched by the WhiteBIT exchange, a centralized cryptocurrency trading platform established in 2018. Based in Europe, the exchange has grown to serve millions of users globally. While the project does not publicly list individual venture capital investors in its primary documentation, it is backed by the operational revenue and infrastructure of the WhiteBIT exchange entity. Governance of the network is currently centralized under the Proof of Authority model, with validator nodes authorized by the exchange to ensure network security and performance.

Where can you buy WhiteBIT Coin?

WBT tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade WhiteBIT Coin is WhiteBIT, where the most active trading pair WBT/EURI has a trading volume of $24,956,129.23 in the last 24 hours.

What is the daily trading volume of WhiteBIT Coin (WBT)?

The trading volume of WhiteBIT Coin (WBT) is $121,164,854.98 in the last 24 hours, representing a 37.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for WhiteBIT Coin (WBT)?

WhiteBIT Coin (WBT) reached an all-time high of $64.11 and an all-time low of $3.06. It’s now trading -24.80% below that peak and 1,474.60% above its lowest price.

What is the market cap of WhiteBIT Coin (WBT)?

Market capitalization of WhiteBIT Coin (WBT) is $5,697,518,737 and is ranked #20 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WBT tokens (120 Million tokens are tradable on the market today).

What is the fully diluted valuation of WhiteBIT Coin (WBT)?

The fully diluted valuation (FDV) of WhiteBIT Coin (WBT) is $14,177,657,689. This is a statistical representation of the maximum market cap, assuming the maximum number of 400 Million WBT tokens are in circulation today. Depending on how the emission schedule of WBT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of WhiteBIT Coin compare against its peers?

With a price decline of -7.30% in the last 7 days, WhiteBIT Coin (WBT) is underperforming the global cryptocurrency market which is down -4.90%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add WhiteBIT Coin (WBT) to MetaMask?

Adding WhiteBIT Coin (WBT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import WBT as a token. You can copy WBT’s contract address (0x925206b8a707096ed26ae47c84747fe0bb734f59) and import it manually, or if you've installed MetaMask's chrome extension, add WBT to MetaMask with one click on CoinGecko.

Add WBT to MetaMask.