WhiteBIT Token (WBT), the native coin of the Whitechain blockchain, has reached its 2nd anniversary, marking a significant milestone for one of Europe’s leading crypto exchanges. To celebrate, WhiteBIT is launching WBT Quest, a quest-like activity that offers users the chance to earn rewards and share a total prize pool of up to 300 WBT.
WBT Event: Play, Earn, and Win
Running from August 14 to 19, 2024, WhiteBIT invites participants to complete various tasks and earn points. Tasks include buying WBT, creating a WB Soul, and transferring WBT to Holding. Players who complete all the tasks will be rewarded with a special SBT, a VIP level increase for one month, and a share of the prize pool of up to 300 WBT.
The Rise of WBT
Since its launch in 2022, WBT has rapidly gained traction. Currently trading at over $10 with a market cap of $1.4 billion, the token has shown impressive growth, nearly doubling in value over the past year. A total of 400 million WBTs have been issued, half of which are treasury tokens. Notably, 54 million WBTs were sold privately, with the remaining tokens set to be unlocked over the next three years. On its first day of trading, the planned number of tokens sold out in just 15 minutes.
Benefits of Holding WBT
WBT holders on the WhiteBIT platform enjoy a range of benefits, including increased referral fees, reduced trading fees, crypto deposit bonuses, and free withdrawals on the ERC-20 network. Additionally, the creation of WB Soul was a pioneering move by WhiteBIT, offering users WBT rewards for holding WBT in Holding, thereby establishing a unique digital identity on the platform. This initiative, known as SoulDrop, encourages a strong, collaborative community by giving users a sense of ownership in the platform’s development.
Recent Developments
In a recent move to support WBT’s value, WhiteBIT conducted a significant burn of 517,263 WBT, valued at over $5 million. This has not gone unnoticed, with WBT being recognized by CoinGecko as one of the top 10 crypto gainers of Q2 2024.
With WBT: 2 Years Together, WhiteBIT offers new and experienced users a fun and rewarding way to celebrate the token’s 2nd anniversary, while also deepening their involvement with the WhiteBIT ecosystem.
