WBT

WhiteBIT Coin (WBT) features a deflationary tokenomics model aimed at maintaining its value and scarcity. The maximum supply of wbt is 400,000,000 tokens. To achieve a limited supply, WhiteBIT implements a regular burning mechanism: 33% of the exchange's trading fees and 5% of other platform revenues (like withdrawal fees and margin trading income) are used to redeem and permanently destroy wbt tokens weekly. This continuous burning strategy has already removed over 74 million wbt from circulation, showcasing a commitment to a sustainable economic model for the cryptocurrency.

WBT delivers concrete utility across WhiteBIT's ecosystem: Exchange users gain 0% maker fees and free ERC-20 withdrawals when holding ≥200 tokens. The Holding mechanism enables passive rewards through SoulDrop distributions calculated monthly based on WBT balance tiers. Token holders access exclusive Launchpad opportunities and enhanced referral commissions. On-chain, WBT functions as gas payment for Whitechain transactions and collateral within lending protocols. The token's integration with SoulBound Tokens unlocks achievement-based privileges within the ecosystem.

Unlike proof-of-work or proof-of-stake mechanisms, Whitechain's PoA consensus uses pre-approved validator nodes to authenticate transactions without computational competitions. This eliminates mining energy consumption while enabling 5-second block times and transaction fees below $0.01. Validator selection requires strict identity verification aligning with WhiteBIT's KYC protocols. The model prioritizes security through Byzantine Fault Tolerance while maintaining EVM compatibility for smart contract execution. Independent audits confirm resistance to 51% attacks – a vulnerability common in smaller PoW chains.

Three structural safeguards maintain token stability: 1) Fixed 400M supply with 25M permanently burned 2) Gradual treasury unlocking over 36 months across specialized funds (liquidity, insurance, ecosystem) 3) Utility anchors including mandatory gas fees on Whitechain and exchange-based burn mechanisms. The model avoids inflationary rewards by tethering new token releases to verifiable ecosystem growth metrics. SoulDrop distributions utilize circulating supply without minting new tokens.

The ecosystem introduces SoulBound Tokens (SBTs) as non-transferable digital credentials that record on-chain achievements and privileges. Unlike standard NFTs, SBTs are permanently tied to verified identities through KYC integration. Users accumulate Soul Attributes – mutable metrics reflecting platform engagement – which dynamically unlock tiered benefits. This framework enables personalized reward calculations in SoulDrop distributions and replaces rigid tier systems with behavior-based privilege mechanics. The system currently supports over 50 verified achievement types with enterprise integration capabilities.

Three architectural advantages stand out: 1) EVM++ compatibility enabling Ethereum toolset usage while adding custom opcodes for Soul ecosystem functions 2) Identity-centric design where KYC verification enables regulatory-compliant DeFi applications 3) Hybrid scalability solution combining PoA finality with Layer-2 optimistic rollups for complex computations. The blockchain processes 2,300+ TPS in production environments while maintaining sub-second latency – metrics validated during the Juventus partnership implementation.