Get All Access for $5/mo

Ukraine-based Crypto Exchange Lists its Newly Launched Token On Another Leading Cryptocurrency Platform WhiteBIT Token has already appeared on the world's largest cryptocurrency exchange in Seychelles

By Anirban Roy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Handout

Just four weeks after its official launch on the exchange, the WhiteBIT Token has already appeared on the world's largest cryptocurrency exchange in Seychelles. On September 22, 11 a.m. (GMT), the WhiteBIT asset appeared on Huobi, launching in pair with USDT. This fact is another indicator of the popularity of the newly created token in global crypto circles. In addition, the first million assets were sold out in 15 minutes at a closed sale in the Launchpad app.

According to WhiteBIT representatives, 400M WBT will be produced in total. Meanwhile, the asset runs on a burning mechanism to avoid inflation. A certain amount of assets is redeemed and destroyed by the exchange — this will continue until the exchange reduces the number of assets by at least half. By this time, 4 062 204 WBT had already burned.

In addition to attractive privileges on the exchange, including free daily ERC20 ETH withdrawals and AML checks, higher referral rewards (up to 50 per cent), and reduced trading fees (up to 100 per cent), WBT attracts the attention of traders around the world with its activities. The first trading competition with pairs that included the new token and the recent airdrop was a resounding success among the crypto audience, making WBT the last month's star.

The popularity brought the asset more public attention and increased its value from $1.9 at the start to $7.08. But this is far from the limit of the WhiteBIT Token possibilities. The brightest achievements are yet to come.

Note: Investment in cryptocurrency and crypto assets is subject to financial risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.
Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.

Growing a Business

How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Wondering how long your marketing emails should be? Here's what consumers say — so you can send them exactly what they like.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.

Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.