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鈥檚 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
Burn WBT in Ethereum or Tron
Go to System Mint Contract in Whitechain
Link BurnTx hash
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.