Today we will again talk about the new WBT token of the largest European crypto exchange – WhiteBIT.
On August 14, a preliminary sale of 1 million tokens was held, which were sold out in 15 minutes. Excellent result.
On August 25, token trading started at $1.90.
The price of the WBT token = $4.18 at the time of writing the idea (+125% of the initial price)
There are currently 63 million coins in circulation
WBT token – Basic conditions of tokenomics:
- the maximum volume of issue is 400 million tokens (of which 200 million will be unlocked within 3 years)
- weekly open formula token burning. The exchange will redeem an amount of tokens each week equal to the sum of 33% of WhiteBIT’s trading fees and 5% of other uses of the exchange. For example, 973841 WBT were burned on 08/30/22, 1.5 million coins were burned twice on September 6 and 12, the next burning is on 09/20/22.
- lower trading commission and high 40-50% for staking to WBT owners
- own blockchain, launchpad, coin listings…
In short, a “complete package” that is skillfully packaged and implemented
Where to competently buy WBT token
It is necessary to understand that the WBT token is still young, the liquidity may not be enough to tightly fill the trading glass. But this fact allows you to make very tasty investment purchases.
We placed the same limit orders to buy WBTUSDT grid: $4, $3.50, $3, $2.50
As a result, we will have a “tasty average price” for our total WBT position.
Our global medium to long term trading target is $12.6 per WBT
In our opinion, there are many similarities “in packaging and promotion” with the currently most popular exchange token BNB.
We are not implying anything, but BNB used to be $0.50 and the high was $691