Today we bring to your attention the new WBT token of the largest European exchange WhiteBIT
On August 14, a presale of 1 million WBT tokens took place, which were sold out in 15 minutes. A great result.
On August 25, token trading started at $1.90. Well, then the excitement and trust in the WhiteBIT crypto exchange drove the value of the WBT token to $6.36 at the time of writing the idea.
Currently in circulation – 66 mln. coins
On August 31, 2022, the price was squeezed into the liquid zone of $5.40, which was sharply bought back. That is, currently an aggressive buyer is ready to buy and not let the price go lower.
Our expectation for the coming days is for WBTUSDT to reach $8.35.
WBT token – basic terms of tokenology
- maximum issue – 400 mln. (of which 200 million will be disbursed within 3 years)
- weekly open formula token burning. The exchange will redeem a weekly amount of tokens equal to the sum of 33% of WhiteBIT’s trading fees and 5% of other uses of the exchange. For example, 30.08.22 burned 973841 WBT, next burning 09/06/22
- lower trading commission and high 40-50% for staking to WBT holders
- own blockchain, launchpad, listings
In short, a complete full package, which is cleverly packaged and implemented.
In our opinion, there are a lot of similarities “in packaging and promotion” with the most popular exchange token BNB.
We are not hinting at anything, but BNB used to cost $0.50 and at a high of $691
