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.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

SALT Raises Undisclosed Amount In Pre-Seed Funding

The funds will be used for market research, marketing innovation, and product development

Business News

Meta Is Reportedly Planning to Release New AI Smart Glasses With Oakley and Prada

The Oakley Meta AI glasses are expected to cost more than the Ray-Ban Metas.

News and Trends

Sectors Witnessing Explosive AI Growth in India

India's AI market is booming from recruitment and finance to multilingual agents, collaborative innovation is fuelling the next wave of sectoral growth

Business News

AI Is Going to 'Replace Everybody' in Several Fields, According to the 'Godfather of AI.' Here's Who He Says Should Be 'Terrified.'

Geoffrey Hinton, called the "Godfather of AI" due to his pioneering work on AI, says some fields face a heavier risk of replacement due to automation.

News and Trends

C-Suite Misaligned on Business Goals and Operational Readiness for GenAI: NTT Data

99 per cent of the C-Suite executives surveyed are planning further GenAI investments over the next two years, with 67 per cent of CEOs planning significant commitments.