The Native Digital Asset of WhiteBIT ecosystem

WBT is not only the native coin of the Whitechain platform, but it also powers the entire ecosystem of WhiteBIT’s digital products and services, offering unique utilities and benefits to the holders and members of our community.

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About

The Story of WhiteBIT Coin

It all started in 2018, when WhiteBIT CEX was launched. To harness the lightning-fast development and adoption of blockchain technology, the WBT coin was initially minted on the Ethereum blockchain to bootstrap the growth of the WhiteBIT Ecosystem. In 2023, WhiteBIT introduced the development and, later on, the mainnet launch of its smart contract platform - Whitechain (previously named WB Network)

How it works

Ensuring Immutable Tokenomics

From now on, WBT will reside on its own blockchain. To ensure a smooth transition, we have implemented a token transition method from smart contracts on the Ethereum and Tron Networks to Coins within the Whitechain.

The tokenomics of WBT remains unchanged, ensuring that the transfer of WBT will not negatively impact users or the market

1
Burn WBT in Ethereum or Tron
2
Go to System Mint Contract in Whitechain
3
Link BurnTx hash
4
Mint New Coins with Exact Amount

Statistics

WBT Distribution Across Web3

Coins are currently distributed between the three networks in the following proportions:

244M

Ethereum Network

70.80%

80M

Tron Network

22.21%

20.625M

Whitechain

5.98%

Results

Completed Transitions of WBT

The migration process was carefully planned and executed to ensure a safe transition from the Ethereum/Tron to the current Whitechain.

Thu, 03 Aug 2023 09:02:24 GMT

8 625 000

WBT migrated to Whitechain

Thu, 03 Aug 2023 09:02:24 GMT

6 000 000

WBT migrated to Whitechain

Thu, 03 Aug 2023 09:02:24 GMT

6 000 000

WBT migrated to Whitechain

Thu, 03 Aug 2023 09:02:24 GMT

20 625 000

WBT migrated to Whitechain