| General information | |
|---|---|
| Global rank: | 2751 |
| Name: |
WhiteBIT Coin |
| Symbol: | WBT |
| Current coin price (PHP): | 637.94 ₱ |
| Last hour: | arrow_upward0.110 % |
| Last 24 hours: | arrow_downward-1.22 % |
| Last 7 days: | 2.41 %trending_up |
| Capitalisation (PHP): | 0.000000 ₱ |
| Volume 24h (PHP): | 215 889 963.56 ₱ |
| Available supply: | 0.000000 WBT |
| Total coin supply: | -1 WBT |
| Start date: | 2022-08-05 |
WhiteBIT Coin/Philippine Peso (WBT/PHP) price chart
WhiteBIT Coin/Philippine Peso (WBT/PHP) capitalisation and volume charts
WhiteBIT Token (WBT) is an internal digital asset of the WhiteBIT exchange, a cryptocurrency trading platform. The token was designed to connect the exchange's ecosystem with other WhiteBIT projects. It is intended to serve as a project platform for numerous blockchain startups that wish to expand their activities with the help of a reliable digital asset. There are 400 million WBT tokens in total, with half of them being treasury tokens. The token offers additional opportunities and privileges to its holders, and it is also integrated into the operation of the WhiteBIT ecosystem.
WhiteBIT Token was created by WhiteBIT, a centralized European cryptocurrency exchange of Ukrainian origin. With over 3 million users worldwide, WhiteBIT created the token as a brand-new asset for the global crypto community.
WhiteBIT Token is used for various purposes within the WhiteBIT ecosystem. Token holders can enjoy benefits in two ways: by owning WBT and by holding it. Owners of WBT who keep the tokens on their Main balance can get up to 90% off taker fees and up to 100% off maker trading fees. By blocking WBT in Holding, users can enjoy additional advantages such as an increased referral share, a new maker fee structure that ignores standard fees, free withdrawals of ERC-20 tokens and ETH, and free Anti-Money Laundering (AML) checks. Additionally, the token is also used in trading competitions, airdrops, and other activities, as part of the reward system. Furthermore, it has a burning mechanism based on the weekly fees on the exchange, contributing to its value proposition. Lastly, the token has been developed as a tool for efficient use of the platform, effective interaction between the platform and users, and granting privileges to its owners, such as significantly lower trading fees, higher referral rate, free AML checks, and free ERC-20/ETH withdrawals.