WhiteBIT Coin

WhiteBIT Coin (WBT) is the utility token of WhiteBIT, a centralized cryptocurrency exchange founded in 2018, and the native asset of Whitechain, the exchange's own blockchain. According to CoinGecko listings, WBT exists as a token on the Ethereum and TRON networks, while on Whitechain it serves as the native coin used to pay transaction fees (gas). The token is moved between Ethereum, TRON and Whitechain through a centralized bridge called Portal.

On the exchange side, users who lock WBT in a holding program gain access to tiered benefits based on the amount locked, including trading fee discounts, higher referral rates, free daily withdrawals and participation in the exchange's launch platform. According to the CoinGecko description, the exchange regularly burns WBT using part of its trading fees and other income. Whitechain's official website states that the network has moved from its earlier single-validator layer-one structure to an OP Stack-based layer-two network linked to Ethereum.

The value of exchange tokens is closely tied to the activities of the exchange concerned; the exchange's regulatory status, security practices and trading volume are important variables. It should also be noted that block production is currently carried out centrally by WhiteBIT. The WhiteBIT Coin price on Lzzo.com is based on DefiLlama's US dollar reference data and is for information only; the smart contract platform label in the catalogue does not fully reflect the token's exchange-focused nature.