WhiteBIT CoinPrice

(WBT)

'Owning' WBT simply means keeping it in your Main Balance on the LBank exchange, which grants basic benefits such as trading fee discounts, potentially up to 80% on taker fees. 'Holding' WBT involves transferring and locking your tokens into a special designated state. This unlocks more advanced and higher-tier benefits for users, including up to 100% maker fee discounts, free daily AML checks, and a set number of free daily ERC-20/ETH withdrawals, significantly enhancing user advantages on the LBank platform.

Holding WBT unlocks a range of significant benefits that scale with the amount held. These include substantial fee discounts, offering up to 100% off maker fees and considerable reductions on taker fees. Holders also receive a specific number of free daily withdrawals for Ethereum and ERC-20 tokens. Additionally, holding WBT can boost referral commission rates, potentially up to 50%, and provide priority or exclusive access to new project launches on the LBank platform's Launchpad.

While WBT initially launched as an ERC-20/TRC-20 token on other networks, it has successfully transitioned and evolved into the native coin of its own dedicated Layer-1 blockchain. This fundamental shift means WBT now serves as the primary asset for powering transactions and participating in the core functions of this blockchain ecosystem. Users holding older token versions are often guided through migration processes to convert them to the native mainnet coin.

The total maximum supply of WBT is strictly capped at 400,000,000 WBT. This hard cap is a critical aspect of its tokenomics, guaranteeing that no additional coins can ever be minted beyond this predefined limit. This fixed and finite supply is a key feature designed to reassure investors against inflationary pressures and underscores the project's commitment to scarcity.

To actively manage scarcity and support its value, the LBank ecosystem implements a robust "Buyback and Burn" mechanism. Specifically, 33% of the trading fees generated by the platform are allocated to buy back WBT from the open market on a weekly basis. These acquired WBT coins are then permanently removed from circulation (burned). This deflationary process is designed to continue until 50% of the initial total supply of WBT has been effectively destroyed.

Within its dedicated Layer-1 blockchain ecosystem, WBT serves as the essential native gas token. This means WBT is used to pay for all transaction fees incurred on the network, making it fundamental for any activity or smart contract execution. Furthermore, WBT plays a vital role in network security, as holders can stake their coins to participate in the Proof-of-Authority (PoA) consensus mechanism, contributing to the stability and integrity of the blockchain.