You can be on Entrepreneur’s cover!

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.
Living

Get Your Business a One-Year Sam's Club Membership for Just $14

Shop for office essentials, lunch for the team, appliances, electronics, and more.

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.

Science & Technology

AI Will Radically Transform the Workplace — Here's How HR Teams Can Prepare for It

HR intrapreneurs are emerging as key drivers of AI reskilling, thoughtful organizational restructuring and ethical integration, shaping an inclusive future where technology enhances both efficiency and employee development.

Business News

Some Costco Stores Are Now Selling a Frozen Item That Looks Just Like a Trader Joe's Fan Favorite

The Frozen Kimbap is a Trader Joe's cult favorite, and now a version can be found at Costco, too.