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Tokens as a digital asset of the long run


Volodymyr Nosov ,  CEO of Ukrainian cryptocurrency alternate WhiteBIT

The CEO of Ukrainian cryptocurrency alternate WhiteBIT Volodymyr Nosov defined why the corporate launched its tokens and what bonuses its customers will obtain from this. Examine how the house owners of WhiteBIT tokens will have the ability to get extra advantages and the way the corporate will guarantee the security of its prospects within the article.

In 4 years, Ukrainian cryptocurrency alternate WhiteBIT  from a startup based mostly in Kharkiv, has turn into the biggest cryptocurrency platform in Europe. Now we now have greater than 500 members and present persistently excessive progress charges, thereby gaining the belief of recent prospects. Though just a few years in the past we couldn’t even think about that WhiteBIT, in addition to the cryptocurrency market on the whole, may develop so dynamically.

In the present day, the development of digital expertise improvement is already clearly outlined. They’re the long run and are step by step turning into a standard a part of the on a regular basis life of individuals everywhere in the world.

With this understanding and fixed concern for our prospects, WhiteBIT is taking one other world step as a part of its general platform scaling technique – the creation of its personal WBT  token. The method of launching it has already begun. On August 14, we opened the primary token sale, and we closed it actually in minutes – the primary million WBTs discovered their house owners. For us, which means we’re transferring in the best path.

Advantages of WhiteBIT token are restricted provide and inflation safety

The launch of our personal token is a crucial milestone in WhiteBIT’s improvement. This instrument will empower our customers for added advantages. On the similar time, we did every thing to make the WBT token as handy to make use of for knowledgeable crypto merchants and newcomers as attainable.

Trade tokens began to seem tentatively in 2017. They supply house owners with sure merchandise, companies or reductions. Tokens can be utilized, for instance, as a technique of rewarding market makers who present liquidity to the alternate.

By drawing parallels, inventory alternate tokens are corresponding to securities, shares of firms. There are shares of Apple, Tesla or the Coca-Cola Firm. The place to speculate? Everybody chooses for himself based mostly on indicators which can be personally necessary.

As for WhiteBIT’s WBT token , its major standards are as follows:

– it’s a restricted provide of the asset,

– it has excessive progress potential based mostly on a set variety of tokens and a weekly burn, WBT token offers its holders with a variety of bonuses and extra options.

The anticipated referral fee, that’s the profit, on a WBT token will ultimately be between 40% and 50%.  In complete, we intend to situation 400 million tokens  to the market and no new ones might be created.

On the similar time, 200 million tokens  out of the whole might be so-called “treasury tokens”. They are going to be step by step unlocked over the subsequent three years and launched available on the market. Collectively, this mechanism will shield WBT holders from inflation.

On the similar time, WBT holders will obtain numerous distinctive alternatives and bonuses. These embody lowered buying and selling commissions , each day Anti-Cash Laundering ( AML ) checks, and free ERC20/ETH withdrawals.

To keep up and promote the “worth” of WhiteBIT tokens, the alternate will repeatedly redeem tokens and burn them till the variety of tokens available on the market is much less than   50%  of their authentic quantity.

Safety assurance is a precedence at WhiteBIT

As with different services at WhiteBIT, buyer security is an absolute precedence for us.

WhiteBIT as we speak meets all KYC (Know Your Buyer) necessities

and AML (Anti-Cash Laundering) necessities and is among the high 2 exchanges on this planet by way of safety in line with an unbiased audit by Hacken. WhiteBIT is AAA rated.

The alternate verifies every new person and mechanically determines the chance group. Additionally at a excessive degree we use the rules of AML. Which means that platform customers are largely protected against doubtful transactions with their belongings.



Volodymyr Nosov


Volodymyr Nosov
 Volodymyr Nosov

It is necessary to say that about 96% of the WhiteBIT platform’s digital funds are saved on chilly wallets, that are accessed by a multi-signature system. Further safety in opposition to hacker assaults can also be offered by WAF instruments, anti-phishing applications and two-factor autentification. In case of drive majeure, WhiteBIT has additionally created its personal insurance coverage fund which is replenished by transaction charges.

The Ukrainian WhiteBIT platform has been available on the market in Europe for 4 years and it is among the quickest rising. This is a crucial indicator to at the very least have an interest within the WBT token. In any case, the legal guidelines of the cryptocurrency market actually don’t differ considerably from the principles and algorithms of the same old market. In different phrases it’s the progress and stability of an organization, in our case a cryptocurrency alternate, that determines its reliability.

I’m certain that our customers will positively recognize all the advantages they may get from the launch of WBT tokens. And we are going to proceed to broaden the capabilities of our companies and make cryptocurrency out there to customers from everywhere in the world.

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