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.

Starting a Business

Why You Don't Need to Be an Expert to Start Your Business

On this episode of "America's Favorite Mom and Pop Shops®," learn how understanding people — and listening to data — helped this entrepreneur with no professional cooking experience open Poppy's, a thriving café in Brooklyn.

News and Trends

PhysicsWallah Raises INR 1,562.85 Cr from Anchor Investors Ahead of IPO

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited and Axis Capital Limited are the bankers to the issue.

News and Trends

Is Matcha a D2C Opportunity or Another Passing Trend?

Despite short-term dips, matcha's long-term upward curve is supported by three strong demand drivers: health consciousness, wellness positioning, and premiumization

Growth Strategies

Hyundai Motor India: Upping the Ante With New Launches

According to Tarun Garg, MD & CEO Designate, by 2030, 80 per cent-plus of Hyundai's portfolio will be SUVs and MPVs

News and Trends

India's AI Guidelines Adopt A Softer Approach But With Scope And Limitations

India has taken a rather lenient approach with AI guidelines. Here's what it solves and what misses out on.