Volodymyr Nosov explained why WhiteBIT exchange has launched the token and how users will benefit from it
Volodymyr Nosov, CEO of cryptocurrency exchange WhiteBIT
Digital technology, blockchain in particular, is gradually becoming a familiar part of everyday life for people all over the world. They are the future. This trend of humanity's development is already clearly outlined. Today, one of the key digital assets is the token which is an important component of the cryptocurrency industry and the main feature of which is the additional benefit to the owner. The impact, role and importance of tokens in people's lives will only grow, and tokenisation could become a major trend and investment tool in the future. Recognising this, the largest crypto exchange in Europe, the Ukrainian originated WhiteBIT has launched its own token WBT. This tool will expand opportunities for exchange users to receive additional benefits, preferences and bonuses. The CEO of cryptocurrency exchange WhiteBIT Volodymyr Nosov told about it.
According to him, the creation of WBT's own token is another global step within the platform's overall scaling strategy, the main goal being additional comfort and convenience for users. "We opened the first token sale on 14 August, and closed it literally in minutes - the first million WBTs found their owners. For us, this means we are moving in the right direction. We did everything to make WBT token as easy to use as possible for experienced crypto-traders and newcomers", emphasized CEO of WhiteBIT cryptocurrency exchange.
The main criteria of the WBT token: limited supply of the asset, high growth potential based on a fixed number of tokens and weekly burning, a wide range of bonuses and additional features for token holders.
"The benefits of the WBT token offer the user a completely unique opportunity. The expected referral rate, that is to say - the benefit - on a WBT token will end up being between 40% and 50%. In total, we intend to issue 400 million tokens to the market and no new ones will be created. At the same time, 200 million tokens out of the total will be so-called "treasury tokens". They will be gradually unlocked over the next three years and released on the market. In combination this mechanism will protect WBT holders from inflation. At the same time, WBT holders will receive a number of exceptional features and bonuses. These include reduced trading commissions, daily Anti-Money Laundering (AML) checks and free ERC20/ETH withdrawals," explains Volodymyr Nosov.
"In order to maintain and promote the 'value' of WhiteBIT tokens, the exchange will continuously redeem tokens and burn them until the number of tokens in the market is less than 50% of their initial number.
I am confident that our users will positively appreciate all the benefits they will receive with the launch of WBT tokens. And we will continue to expand the capabilities of our services and make cryptocurrency available to users from all over the world," emphasized the CEO of cryptocurrency exchange WhiteBIT.
Reference: WhiteBIT is the largest cryptocurrency exchange in Europe. It meets all KYC and AML requirements. It is among the top 2 exchanges in the world in terms of security, based on an independent audit by Hacken, and has an AAA rating. The WhiteBIT team has 500 members.
