About WhiteBIT Coin (WBT)

What is WhiteBIT Coin (WBT)?

WhiteBIT Coin, or WBT, started as an exchange token for one of Europe’s biggest crypto platforms. It’s now much more — the backbone of Whitechain, a Layer-1 blockchain built by the same team. You’ll find it across Ethereum, Tron, and its own network. In short, WBT grew from a utility coin into the core of a multi-chain ecosystem.

How’s the token structure set up?

There are 400 million WBT in total. That’s it — no inflation, no hidden minting. Most of it, about 80%, sits in the team and foundation pools. Private investors took 13.5%, another 6.25% got burned, and 0.25% went out through the IEO. It’s a tidy distribution with a long-term focus rather than a quick pump.

What about unlocks and vesting?

Private and IEO allocations are already fully unlocked — those wrapped up in 2023. The rest, mainly foundation and team tokens, are still releasing. Around two-thirds are live, with another 65 million due to unlock around March 2026. It’s slow on purpose, letting the market breathe between releases.

How much money did WhiteBIT actually raise?

The numbers are clean: roughly $88.5 million across two rounds. The private sale in 2021 brought in $87.48M at $1.62 per token, and the 2022 IEO raised $1M at $1.90. Early holders did well — returns hit around 25× for the private round and 22× for the IEO. Not bad for an exchange-born coin.

Where’s WBT traded now?

Mainly on its home turf, WhiteBIT. Most of the liquidity sits in pairs like WBT/USDT, WBT/USD, and WBT/BTC. You can also find it on MEXC and HTX, but WhiteBIT dominates the volume. The token’s on multiple chains, so arbitrage tends to keep prices pretty balanced across platforms.

What’s this “SoulDrop” everyone mentions?

It’s their take on loyalty rewards. Hold WBT long enough and you’ll earn extra tokens, something between staking and yield farming. Rewards land between 17% and 22% yearly, depending on your balance and duration. The key part? It’s funded by actual network fees, not an endless emissions tap.

How does WBT tie into Whitechain itself?

On Whitechain, WBT is the fuel — it pays for gas, powers smart contracts, and secures validators. Beyond that, it unlocks perks on the exchange: fee discounts, launchpad access, even cashback through the Nova debit card. It’s one of those rare tokens that connects both CEX and on-chain worlds.

Any real concerns?

Sure, a few. It’s still a centralized setup — WhiteBIT runs the validators and most trading volume. Regulation could shift the ground quickly too. But if the exchange keeps growing and Whitechain adoption follows, WBT has room to stay relevant. It’s not risk-free, but then again, nothing in crypto ever is.