WhiteBIT Token (WBT), the native cryptocurrency of the WhiteBIT exchange, has marked its third anniversary with a performance that stands apart from much of the crypto market.
Since debuting in 2022, WBT has maintained a relatively stable upward trend, avoiding the sharp corrections and erratic price swings often associated with smaller altcoins.
CoinGecko data shows that in the past year alone, WBT has risen by over 300%, moving from around $30 to highs above $50. Following its latest peak, the token is trading roughly 15% below its all-time high, a relatively mild adjustment compared to the 50% or greater drawdowns that are common in the industry.
This resilience has earned WBT a place among the more stable exchange-linked assets available to traders and long-term holders.
Practical utility as a value driver
The token’s stability is linked to its integration within the WhiteBIT platform. WBT holders receive trading fee discounts of up to 100% for maker fees and up to 80% for taker fees, as well as access to early-stage investment opportunities via the Launchpad.
Additional benefits include extra interest on crypto lending products, lower borrowing costs for margin trading, free ERC-20/ETH withdrawals, daily AML checks, and the ability to create multiple deposit addresses.
In 2024, WhiteBIT launched the WhiteBIT Nova debit card in collaboration with Visa, expanding the token’s use beyond trading. The card allows crypto spending and fiat withdrawals at ATMs worldwide, with cashback in either WBT or BTC.
Scarcity through supply control
With a fixed maximum supply of 400 million, WBT follows a deflationary tokenomics model.
Each week, 33% of trading fee revenue and 5% of income from other services are used to buy back and burn tokens, gradually reducing the circulating supply. This systematic supply reduction aims to support price stability over time.
Long-term prospects
As it enters its fourth year, WBT offers a blend of stability, tangible benefits, and disciplined supply management that appeals to investors seeking lower-volatility options in the crypto market.
Its record to date suggests it will continue to hold relevance as both a utility token and a long-term store of value within the WhiteBIT ecosystem.
Featured image via WhiteBIT.
